Plan Ledger DOL Form 5500 · updated monthly

Morrison Express Corp.Usa401(k)

MORRISON EXPRESS CORP. (USA) 401(K) RETIREMENT PLAN · EL SEGUNDO, CA · plan year 2024

Reported admin expense ratio · 2024
0.26%

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

Morrison Express Corp.Usa reported $31,343 in plan administrative expenses for 2024: 0.26% of average plan assets, below the peer median. Employer contributions averaged $1,086 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 fell from 0.36% to 0.26%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in California (4,893rd of 9,483), and the 1,016th of 2,677 in transportation & warehousing. In 2024, employees put in $3.85 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$12,419,563
Participants with balances227
Active participants236
Employer contributions$256,209
Employee contributions$987,452
Employer contribution per active participant$1,086
Average account balance$54,712
Benefits paid to participants$1,390,299
Plan auditUnmodified (clean) audit opinion
AuditorKALL ACCOUNTANCYCORPORATION
Plan history3
Yearassets · accounts · employer contribution
2024$12.4M · 227 accts · $256K emplr
2023$11.3M · 230 accts · $307K emplr
2022$10.7M · 206 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,106
Investment management$21,237
Total administrative$31,343
The Morrison Express Corp.Usa 401(k) match · 2024
Employer contribution per active participant$1,086
Median for plans this size$2,416
2024$1,086 per active participant
2023$1,258 per active participant
2022$1,094 per active participant

Morrison Express Corp.Usa'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
MERRILL LYNCH PIERCE FENNER & SMITH · Recordkeeping · Pension consulting$21,236
ADP, INC. · Loan processing · Recordkeeping$10,106
ADP BROKER-DEALER · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP, Bank of America / Merrill
2023ADP, Bank of America / Merrill

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

Administrative cost history3
2024$31,343 · 0.26%
2023$27,167 · 0.25%
2022$39,648 · 0.36%
Same employer
Similar plansTransportation & Warehousing · California
Binex CA$12.9M · 0.44%
Ventura Transfer Company CA$12.8M · 0.44%
Custom Goods, LLC CA$11.6M · 0.85%
Dc Logistics, LLC CA$11.6M · 1.09%
Singapore Airlines Limited CA$11.2M · 0.45%
Siller Brothers Inc CA$10.9M · 0.35%

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Source: U.S. Department of Labor, Form 5500 series, EIN 953130076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.