Plan Ledger DOL Form 5500 · updated monthly

The Morgridge Institute for Research, Inc.401(k)

MORGRIDGE INSTITUTE FOR RESEARCH 401(K) PLAN · MADISON, WI · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

The Morgridge Institute for Research, Inc. reported $1,188 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $5,052 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 0.004% to 0.005%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 704th-largest of 1,936 plans among Wisconsin employers on file, and the 4,564th of 11,654 in professional & technical services. In 2024, the employer put in $1.20 for every $1.00 employees contributed themselves; active participation has grown from 111 to 136 since 2022.

Plan summary
Net assets, end of year$26,430,086
Participants with balances238
Active participants136
Employer contributions$687,093
Employee contributions$571,715
Employer contribution per active participant$5,052
Average account balance$111,051
Benefits paid to participants$998,785
Plan auditUnmodified (clean) audit opinion
AuditorRSM US LLP
Plan history3
Yearassets · accounts · employer contribution
2024$26.4M · 238 accts · $687K emplr
2023$23.8M · 221 accts · $1.3M emplr
2022$19.1M · 218 accts · $1.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,188
Total administrative$1,188
The The Morgridge Institute for Research, Inc. 401(k) match · 2024
Employer contribution per active participant$5,052
Median for plans this size$2,416
2024$5,052 per active participant
2023$10,719 per active participant
2022$9,613 per active participant

The Morgridge Institute for Research, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top 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.

Administrative cost history3
2024$1,188 · 0.00%
2023$1,530 · 0.01%
2022$780 · 0.00%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 208325570 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.