Plan Ledger DOL Form 5500 · updated monthly

Morris Cerullo World Evangelism401(k)

MORRIS CERULLO WORLD EVANGELISM 401(K) PROFIT SHARING PLAN AND TRUST · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
0.67%

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

Morris Cerullo World Evangelism reported $16,412 in plan administrative expenses for 2024: 0.67% of average plan assets, above the peer median. Employer contributions averaged $190 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 0.37% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in California (8,009th of 9,483), and 4,622nd of 5,337 in construction. In 2024, employees put in $8.42 for every $1.00 the employer contributed; active participation has grown from 124 to 138 since 2022.

Plan summary
Net assets, end of year$2,667,235
Participants with balances141
Active participants138
Employer contributions$26,205
Employee contributions$220,646
Employer contribution per active participant$190
Average account balance$18,917
Benefits paid to participants$107,602
Plan auditUnmodified (clean) audit opinion
AuditorCAPIN CROUSE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.7M · 141 accts · $26K emplr
2023$2.3M · 168 accts · $31K emplr
2022$1.9M · 148 accts · $25K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,412
Total administrative$16,412
The Morris Cerullo World Evangelism 401(k) match · 2024
Employer contribution per active participant$190
Median for plans this size$1,313
2024$190 per active participant
2023$343 per active participant
2022$205 per active participant

Morris Cerullo World Evangelism's 2024 employer contribution ran below the $1,313 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
THE RETIREMENT ADVANTAGE, INC. · Recordkeeping · Loan processing$7,970
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$3,669
BAYNES FINANCIAL LLC · Investment advisory (plan)$9,987

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

Recordkeeper by year2
2024THE RETIREMENT ADVANTAGE, INC., Transamerica
2023THE RETIREMENT ADVANTAGE, INC., Transamerica

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

Administrative cost history3
2024$16,412 · 0.67%
2023$16,086 · 0.78%
2022$7,251 · 0.37%
Similar plansConstruction · California
Reyff Electric Co., Inc. CA$2.8M · 0.64%
S&S Drywall, Inc. CA$2.7M · 1.12%
Cemco, Inc. CA$2.7M · 0.65%
Home Organizers, Inc. CA$2.7M · 1.06%
F.S. & Gs. Services, Inc. CA$2.6M · 1.32%
Mammoth Electric, Inc. CA$2.6M · 1.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 952372233 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.