Plan Ledger DOL Form 5500 · updated monthly

Morley Companies, Inc.401(k)

MORLEY COMPANIES, INC. 401(K) PROFIT SHARING PLAN & TRUST · SAGINAW, MI · plan year 2024

Reported admin expense ratio · 2024
0.29%

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

Morley Companies, Inc. reported $125,137 in plan administrative expenses for 2024: 0.29% of average plan assets, below the peer median. Employer contributions averaged $526 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 0.07% to 0.29%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 545th-largest of 2,619 plans among Michigan employers on file, and the 318th of 2,534 in administrative & support services. In 2024, employees put in $2.98 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,811,444
Participants with balances1,180
Active participants1,758
Employer contributions$924,641
Employee contributions$2,759,497
Employer contribution per active participant$526
Average account balance$39,671
Benefits paid to participants$3,895,090
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$46.8M · 1,180 accts · $925K emplr
2023$40.3M · 1,108 accts · $846K emplr
2022$33.2M · 1,035 accts · $292K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,406
Investment management$62,268
Trustee / custodial$18,463
Total administrative$125,137
The Morley Companies, Inc. 401(k) match · 2024
Employer contribution per active participant$526
Median for plans this size$2,416
2024$526 per active participant
2023$476 per active participant
2022$155 per active participant

Morley Companies, Inc.'s 2024 employer contribution ran below the $2,416 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.

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 · 20243
NEWPORT GROUP, INC. · Recordkeeping · Consulting$44,406
GRANITE GROUP ADVISORS · Investment advisory (plan)$62,268
NEWPORT TRUST COMPANY · Trustee$18,463

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$125,137 · 0.29%
2023$25,395 · 0.07%
2022$25,597 · 0.07%
Same employer
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Costaff Services, LLC MI$65.5M · 0.71%
Axios Incorporated MI$63.4M · 0.42%
Hope Network MI$54.6M · 0.37%
Bio-Serv Corporation MI$35.5M · 0.27%
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Source: U.S. Department of Labor, Form 5500 series, EIN 382687736 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.