Plan Snapshot
- Plan Sponsor: Morley Builders, INC.
- Sponsor EIN: 953920697
- Sponsor Address: 3330 OCEAN PARK BLVD, SANTA MONICA, CA, 904053240
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 205
- Total Assets: $39.3M
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. |
|---|---|---|---|---|
| 2025 | 205 | $39.3M | $0 | $0 |
| 2024 | 141 | $36.8M | $0 | $1.8M |
| 2023 | 157 | $32.5M | $0 | $1.6M |
| 2022 | 142 | $28.1M | $0 | $1.7M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $80,161 | — | $80,161 |
| WELLS FARGO ADVISORS FINANCIAL NETW | Investment Advisor | — | $30,000 | $30,000 |
| CLIFTLARSONALLEN LLP | Other Service Provider | $19,292 | — | $19,292 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $129,453
- Estimated Expense Ratio: 0.330% 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 |
|---|---|---|---|---|---|
| 2025 | $4,881,723 | — | $80,161 | $19,289 | — |
| 2024 | $116,991 | — | $80,973 | $36,018 | — |
| 2023 | $97,752 | $10,499 | $82,004 | $5,249 | — |
| 2022 | $91,142 | — | $78,011 | — | $13,131 |