Plan Ledger DOL Form 5500 · updated monthly

Morrison Hershfield Corporation401(k)

MORRISON HERSHFIELD CORPORATION 401(K) PLAN · ATLANTA, GA · plan year 2023

Reported admin expense ratio · 2023
0.27%

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

Morrison Hershfield Corporation reported $69,513 in plan administrative expenses for 2023: 0.27% of average plan assets, below the peer median. Employer contributions averaged $2,609 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 0.39% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 697th-largest of 2,160 plans among Georgia employers on file, and the 4,343rd of 11,654 in professional & technical services. In 2023, employees put in $3.25 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$28,380,091
Participants with balances283
Active participants188
Employer contributions$490,546
Employee contributions$1,594,705
Employer contribution per active participant$2,609
Average account balance$100,283
Benefits paid to participants$1,806,782
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $248K emplr
2023$28.4M · 283 accts · $491K emplr
2022$23.2M · 285 accts · $504K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$69,513
Total administrative$69,513
The Morrison Hershfield Corporation 401(k) match · 2023
Employer contribution per active participant$2,609
Median for plans this size$2,440
2023$2,609 per active participant
2022$2,651 per active participant

Morrison Hershfield Corporation's 2023 employer contribution ran above the $2,440 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.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
TRANSAMERICA · Recordkeeping · Loan processing$8,333
PENSION FINANCIAL SERVICES INC · Recordkeeping · Loan processing$3,075
BANK OF AMERICA · Investment advisory (plan)$38,788
CARR, RIGGS & INGRAM, LLC · Accounting / audit$15,000

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

Recordkeeper by year2
2024PENSION FINANCIAL SERVICES INC, Transamerica
2023PENSION FINANCIAL SERVICES INC, Transamerica

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Administrative cost history3
2024Not separately reported
2023$69,513 · 0.27%
2022$98,187 · 0.39%
Same employer
Similar plansProfessional & Technical Services · Georgia
Business Software, Inc. GA$29.6M · 0.14%
Hancock, Askew & Co., LLP GA$29.5M · 0.04%
Hotel Equities Group, LLC GA$28.1M · 0.97%
Eoc, Inc. GA$28.0M

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Source: U.S. Department of Labor, Form 5500 series, EIN 980160972 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.