Morris Bank401(k) + ESOP (KSOP)
MORRIS BANK 401(K) AND EMPLOYEE STOCK OWNERSHIP PLAN · DUBLIN, GA · plan year 2024
Morris Bank's 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $31,939,412 across 274 participant accounts, with employer contributions averaging $4,030 per active participant. See methodology for what Form 5500 does and doesn't capture.
Across the 1 year on file its reported administrative ratio fell from 0.02% to 0.01%. 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 644th-largest of 2,160 plans among Georgia employers on file, and the 2,324th of 4,798 in finance & insurance. In 2024, employees put in $1.25 for every $1.00 the employer contributed.
Morris Bank'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.
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Source: U.S. Department of Labor, Form 5500 series, EIN 580806683 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.