Plan Snapshot
- Plan Sponsor: Morgan Li, LLC
- Sponsor EIN: 263895991
- Sponsor Address: 383 EAST 16TH STREET, CHICAGO, IL, 60411
- Plan Type: 401(k)
- Total Participants: 165
- Total Assets: $8.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 165 | $8.1M | $543,424 | $715,227 |
| 2023 | 138 | $5.3M | $746,380 | $607,339 |
| 2022 | 160 | $3.4M | $561,225 | $442,785 |
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 |
|---|---|---|---|---|
| PICKER AND ASSOCIATES LLC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $5,276 | $160 | — | — | — |
| 2023 | $29,285 | — | — | — | — |
| 2022 | — | — | — | — | — |