Morley Builders, Inc.ESOP
MORLEY BUILDERS, INC. EMPLOYEE STOCK OWNERSHIP PLAN · SANTA MONICA, CA · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Morley Builders, Inc. reported $25 in plan administrative expenses for 2023: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $10,579 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 rose from 0.001% to 0.001%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other construction employers. By assets it is the 1,720th-largest of 9,483 plans among California employers on file, and the 1,026th of 5,337 in construction. active participation has grown from 119 to 157 since 2022.
Morley Builders, Inc.'s 2023 employer contribution ran above the $3,659 median for plans its size, placing it in the top 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 2023 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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 953920697 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.