Plan Snapshot
- Plan Sponsor: Morgan Engineering Systems, INC.
- Sponsor EIN: 272137101
- Sponsor Address: 1049 S. MAHONING AVENUE, ALLIANCE, OH, 44601
- Plan Type: 401(k)
- Total Participants: 227
- Total Assets: $14.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: Yes
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 227 | $14.5M | $495,010 | $1.1M |
| 2023 | 204 | $12.2M | $420,954 | $949,955 |
| 2022 | 159 | $8.9M | $373,394 | $808,721 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ONEDIGITAL TOPCO LLC | NONE | $37,812 | — | $37,812 |
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $29,928 | — | $29,928 |
| 415 GROUP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ONEDIGITAL TOPCO LLC — NONE
- SCHWAB RETIREMENT PLAN SERVICES,INC — NONE
- 415 GROUP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $67,740
- Estimated Expense Ratio: 0.468% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $67,765 | $40,969 | — | — | — |
| 2023 | $44,489 | $24,482 | — | — | — |
| 2022 | $37,117 | $14,865 | — | — | — |