Morgan Properties Payroll Svcs401(k)
MORGAN PROPERTIES 401(K) PLAN · CONSHOHOKEN, PA · plan year 2024
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
Morgan Properties Payroll Svcs reported $255,157 in plan administrative expenses for 2024: 0.36% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,164 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.
Across the 2 years on file its reported administrative ratio fell from 0.42% to 0.36%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other real estate & leasing employers. By assets it is the 576th-largest of 3,651 plans among Pennsylvania employers on file, and the 168th of 2,096 in real estate & leasing. In 2024, employees put in $2.67 for every $1.00 the employer contributed; active participation has grown from 1,778 to 2,916 since 2022.
Morgan Properties Payroll Svcs's 2024 employer contribution ran below the $3,635 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
This plan has changed recordkeepers within these filings. If you left Morgan Properties Payroll Svcs before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 232852119 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.