Plan Snapshot
- Plan Sponsor: Morgan-Keller, INC.
- Sponsor EIN: 520741857
- Sponsor Address: 70 THOMAS JOHNSON DRIVE, FREDERICK, MD, 21702
- Plan Type: 401(k)
- Total Participants: 250
- Total Assets: $22.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 250 | $22.5M | $366,546 | $1.5M |
| 2023 | 258 | $20.4M | $366,761 | $1.4M |
| 2022 | 278 | $16.7M | $343,791 | $1.3M |
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 |
|---|---|---|---|---|
| JOHN HANCOCK TRUST COMPANY LLC | RECORDKEEPER | $42,502 | — | $42,502 |
| LPL FINANCIAL LLC | REGISTERED INV ADVISORY | $24,000 | — | $24,000 |
| MCLEAN, KOEHLER, SPARKS & HAMMOND | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK TRUST COMPANY LLC — RECORDKEEPER
- LPL FINANCIAL LLC — REGISTERED INV ADVISORY
- MCLEAN, KOEHLER, SPARKS & HAMMOND — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $66,502
- Estimated Expense Ratio: 0.295% 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 | $69,529 | — | $69,529 | — | — |
| 2023 | $64,027 | — | $64,027 | — | — |
| 2022 | $63,069 | — | — | — | $63,069 |