Plan Ledger DOL Form 5500 · updated monthly

Morningside University Defined 401(A)Money purchase plan

MORNINGSIDE UNIVERSITY DEFINED CONTRIBUTION RETIRE · SIOUX CITY, IA · plan year 2024

Reported admin expense ratio · 2024
0.11%

Morningside University Defined 401(A) reported $23,987 in plan administrative expenses for 2024: 0.11% of average plan assets, lower than ~75% of peers. 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 0.06% to 0.11%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 366th-largest of 878 plans among Iowa employers on file, and the 950th of 3,341 in other services. active participation has shrunk from 183 to 164 since 2022.

Plan summary
Net assets, end of year$22,779,370
Participants with balances332
Active participants164
Employer contributions—
Employee contributions—
Employer contribution per active participant—
Average account balance$68,613
Benefits paid to participants$1,472,136
Plan auditUnmodified (clean) audit opinion
AuditorHENJES, CONNER, & WILLIAMS, PC
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 332 accts
2023$21.6M · 351 accts
2022$20.0M · 376 accts
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
MILLENNIUM ADVISORY SERVICES INC$16,079
TIAA$7,908

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

Administrative cost history3
2024$23,987 · 0.11%
2023$19,458 · 0.09%
2022$13,199 · 0.06%
All plans at this employer2
MORNINGSIDE UNIVERSITY TAX-DEFERRED ANNUITY PLANDefined-contribution plan
MORNINGSIDE UNIVERSITY DEFINED CONTRIBUTION RETIREMoney purchase plan
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 420680400 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.