Plan Ledger DOL Form 5500 · updated monthly

Morinda Holdings, Inc.401(k)

MORINDA HOLDINGS, INC. PROFIT SHARING 401(K) PLAN · LEHI, UT · plan year 2024

Reported admin expense ratio · 2024
0.33%

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

Morinda Holdings, Inc. reported $77,679 in plan administrative expenses for 2024: 0.33% of average plan assets, above the peer median. Employer contributions averaged $3,415 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 rose from 0.21% to 0.33%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 248th-largest of 848 plans among Utah employers on file, and the 1,565th of 4,246 in wholesale trade. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has shrunk from 280 to 155 since 2022.

Plan summary
Net assets, end of year$25,296,135
Participants with balances360
Active participants155
Employer contributions$529,276
Employee contributions$944,906
Employer contribution per active participant$3,415
Average account balance$70,267
Benefits paid to participants$1,878,026
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$25.3M · 360 accts · $529K emplr
2023$22.1M · 402 accts · $468K emplr
2022$22.2M · 621 accts · $903K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$77,679
Total administrative$77,679
The Morinda Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$3,415
Median for plans this size$2,416
2024$3,415 per active participant
2023$3,251 per active participant
2022$3,224 per active participant

Morinda Holdings, 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 · 20241
ADP, INC. · Loan processing · Recordkeeping$77,679

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

Recordkeeper by year2
2024ADP
2023ADP, EIDE BAILLY LLP

This plan has changed recordkeepers within these filings. If you left Morinda Holdings, Inc. 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).

Administrative cost history3
2024$77,679 · 0.33%
2023$82,418 · 0.37%
2022$57,364 · 0.21%
Same employer
Similar plansWholesale Trade · Utah
American Equipment HR, LLC UT$47.6M · 0.36%
Nicholas & Co., Inc. UT$44.8M · 0.33%
4LIFE Research, LLC UT$30.7M · 0.33%
Big West Oil Company, LLC UT$21.5M · 0.16%
Unicity International, Inc. UT$20.6M · 0.09%
Skullcandy, Inc. UT$20.1M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 571189756 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.