Plan Snapshot
- Plan Sponsor: Morrison Brothers Building Center, LLC
- Sponsor EIN: 203979168
- Sponsor Address: 267 CORBAN AVE SW, CONCORD, NC, 28025
- Plan Type: Health & Welfare
- Plan Number: 501
- Total Participants: 74
- Total Assets: $61
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 74 | $61 | $0 | $0 |
| 2024 | 76 | $16,760 | $341,263 | $119,605 |
| 2023 | 74 | $24,385 | $18,678 | $11,138 |
| 2022 | 83 | $19,249 | $289,132 | $114,836 |
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 |
|---|---|---|---|---|
| THE BENECON GROUP | Investment Advisor | $46,999 | — | $46,999 |
| DIGITAL (HUDSON CONSULTING GROUP) | Investment Advisor | $23,800 | — | $23,800 |
| MERITAIN HEALTH, AN AETNA COMPANY | Other Service Provider | $9,548 | — | $9,548 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $80,347
- Estimated Expense Ratio: 131716.393% 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 | $666,656 | — | — | — | — |
| 2024 | $462,009 | — | — | — | — |
| 2023 | -$3,089 | — | — | — | — |
| 2022 | $477,408 | — | — | — | — |