Morris, Inc.401(k)
MORRIS, INC. 401(K) PROFIT SHARING PLAN · PIERRE, SD · plan year 2023
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Morris, Inc. reported $456 in plan administrative expenses for 2023: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,057 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 1 year on file its reported administrative ratio fell from 0.04% to 0.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in South Dakota (177th of 233), and 590th of 945 in agriculture, forestry & fishing. In 2023, employees put in $2.70 for every $1.00 the employer contributed; active participation has grown from 125 to 138 since 2022.
Morris, Inc.'s 2023 employer contribution ran below the $1,308 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
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Source: U.S. Department of Labor, Form 5500 series, EIN 460326492 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.