Plan Ledger DOL Form 5500 · updated monthly

Morrow Meadows Corporation401(k)

MORROW MEADOWS CORPORATION 401(K) PLAN · CITY OF INDUSTRY, CA · plan year 2023

Reported admin expense ratio · 2023
0.22%

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

Morrow Meadows Corporation reported $171,220 in plan administrative expenses for 2023: 0.22% of average plan assets, above the peer median. Employer contributions averaged $3,809 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 rose from 0.21% to 0.22%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other construction employers. By assets it is the 1,161st-largest of 9,483 plans among California employers on file, and the 710th of 5,337 in construction. In 2023, employees put in $2.75 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$84,517,633
Participants with balances409
Active participants352
Employer contributions$1,340,716
Employee contributions$3,693,672
Employer contribution per active participant$3,809
Average account balance$206,645
Benefits paid to participants$8,374,128
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$84.5M · 409 accts · $1.3M emplr
2022$69.8M · 416 accts · $1.4M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$49,767
Investment management$104,153
Audit (IQPA)$17,300
Total administrative$171,220
The Morrow Meadows Corporation 401(k) match · 2023
Employer contribution per active participant$3,809
Median for plans this size$3,659
2023$3,809 per active participant
2022$3,761 per active participant

Morrow Meadows Corporation's 2023 employer contribution ran above the $3,659 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 · 20235
LPL FINANCIAL, LLC · Investment advisory (plan)$89,760
WINDES INC · Accounting / audit$17,300
CORTNIE HODDER INVESTENT LLC · Investment advisory (plan)$7,405
HODDER INVESTMENTS LLC · Investment advisory (plan)$6,988

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

Administrative cost history2
2023$171,220 · 0.22%
2022$146,702 · 0.21%
Same employer
Similar plansConstruction · California
C.W. Driver Contractors CA$84.9M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 952313206 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.