Plan Snapshot
- Plan Sponsor: Morris Furniture Co., INC.
- Sponsor EIN: 310624222
- Sponsor Address: 2377 COMMERCE CENTER BLVD., FAIRBORN, OH, 453246377
- Plan Type: 401(k)
- Total Participants: 265
- Total Assets: $11.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 265 | $11.2M | $161,910 | $609,454 |
| 2023 | 275 | $9.7M | $209,988 | $691,091 |
| 2022 | 295 | $8.8M | $373,507 | $719,092 |
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 |
|---|---|---|---|---|
| DYNAMIC PENSION SERVICES, INC. | Recordkeeper | $25,191 | $4,946 | $30,137 |
| DUVALL & ASSOCIATES, INC. | Auditor | $13,133 | — | $13,133 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $43,270
- Estimated Expense Ratio: 0.385% 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 | $46,463 | — | — | — | — |
| 2023 | $51,811 | — | — | — | — |
| 2022 | $46,536 | — | — | — | $29,543 |