Plan Ledger DOL Form 5500 · updated monthly

The Morey Organization, Inc.401(k)

MOREY ORGANIZATION 401(K) RETIREMENT PLAN · WILDWOOD, NJ · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

The Morey Organization, Inc. reported $40,200 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $2,808 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 0.14% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other arts, entertainment & recreation employers. By assets it is the 999th-largest of 2,419 plans among New Jersey employers on file, and the 387th of 1,311 in arts, entertainment & recreation. In 2024, employees put in $1.93 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$22,789,946
Participants with balances207
Active participants191
Employer contributions$536,376
Employee contributions$1,033,545
Employer contribution per active participant$2,808
Average account balance$110,096
Benefits paid to participants$3,064,590
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$22.8M · 207 accts · $536K emplr
2023$21.3M · 193 accts · $497K emplr
2022$17.7M · 186 accts · $496K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$18,200
Investment management$22,000
Total administrative$40,200
The The Morey Organization, Inc. 401(k) match · 2024
Employer contribution per active participant$2,808
Median for plans this size$2,416
2024$2,808 per active participant
2023$2,715 per active participant
2022$2,802 per active participant

The Morey Organization, Inc.'s 2024 employer contribution ran above the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
INNOVATIVE INVESTMENT FIDUCIARIES · Investment advisory (plan)$22,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$18,200

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

Administrative cost history3
2024$40,200 · 0.18%
2023$38,075 · 0.20%
2022$26,800 · 0.14%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 222130568 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.