# Morgan Engineering Systems, INC. 401(k) Plan
Source: https://planprovider.pro/companies/morgan-engineering-systems-inc-401k-plan

> Morgan Engineering Systems, INC.'s 401(k) plan: 227 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/ameritas-retirement-plans) — NONE

- [SCHWAB RETIREMENT PLAN SERVICES,INC](https://planprovider.pro/provider/charles-schwab-and-co-inc) — NONE

- [415 GROUP](https://planprovider.pro/provider/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|—|—|—|

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