Plan Snapshot
- Plan Sponsor: Morgan White Group, INC.
- Sponsor EIN: 640848633
- Sponsor Address: P. O. BOX 14067, JACKSON, MS, 39236
- Plan Type: 401(k)
- Total Participants: 318
- Total Assets: $20.0M
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 | 318 | $20.0M | $941,984 | $1.3M |
| 2023 | 299 | $17.3M | $869,258 | $1.3M |
| 2022 | 280 | $14.5M | $721,661 | $1.2M |
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 |
|---|---|---|---|---|
| BALLEW ADVISORS | INVESTMENT ADVISORS | $63,679 | — | $63,679 |
| MWG RETIREMENT PLAN SERVICES | RECORDKEEPER | $20,845 | — | $20,845 |
| CARR RIGGS & INGRAM | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,524
- Estimated Expense Ratio: 0.422% 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 | $84,524 | $63,679 | $20,845 | — | — |
| 2023 | $74,605 | $53,500 | $9,235 | — | — |
| 2022 | $66,635 | $50,859 | $15,776 | — | — |