Plan Ledger DOL Form 5500 · updated monthly

Morgan White Group, Inc.401(k)

MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.45%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

Morgan White Group, Inc. reported $84,524 in plan administrative expenses for 2024: 0.45% of average plan assets, above the peer median. Employer contributions averaged $2,962 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 3 years on file its reported administrative ratio has held roughly steady near 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 95th-largest of 367 plans among Mississippi employers on file, and 3,058th of 4,798 in finance & insurance. In 2024, employees put in $1.42 for every $1.00 the employer contributed; active participation has grown from 280 to 318 since 2022.

Plan summary
Net assets, end of year$20,007,201
Participants with balances327
Active participants318
Employer contributions$941,984
Employee contributions$1,336,344
Employer contribution per active participant$2,962
Average account balance$61,184
Benefits paid to participants$1,721,105
Plan auditUnmodified (clean) audit opinion
AuditorCARR RIGGS & INGRAM
Plan history3
Yearassets · accounts · employer contribution
2024$20.0M · 327 accts · $942K emplr
2023$17.3M · 311 accts · $869K emplr
2022$14.5M · 308 accts · $722K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$20,845
Investment management$63,679
Total administrative$84,524
The Morgan White Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,962
Median for plans this size$2,416
2024$2,962 per active participant
2023$2,907 per active participant
2022$2,577 per active participant

Morgan White Group, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
MWG RETIREMENT PLAN SERVICES · Recordkeeping$20,845
BALLEW ADVISORS · Investment advisory (plan)$63,679

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024MWG RETIREMENT PLAN SERVICES
2023MWG RETIREMENT PLAN SERVICES

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Administrative cost history3
2024$84,524 · 0.45%
2023$74,605 · 0.47%
2022$66,635 · 0.44%
Same employer
Similar plansFinance & Insurance · Mississippi
First Security Bank MS$21.6M · 0.24%
Citizens Bank MS$17.0M · 0.00%
First Bank MS$16.4M · 0.68%
Peoples Bank of Mendenhall MS$13.8M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640848633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.