Plan Snapshot
- Plan Sponsor: Morrison Industries, INC.
- Sponsor EIN: 382360979
- Sponsor Address: 1825 MONROE AVENUE NW, GRAND RAPIDS, MI, 495056240
- Plan Type: 401(k)
- Total Participants: 605
- Total Assets: $35.6M
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 | 605 | $35.6M | $717,711 | $3.3M |
| 2023 | 572 | $30.2M | $636,980 | $2.8M |
| 2022 | 497 | $24.2M | $581,496 | $2.4M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | RECORDKEEPER | $76,432 | — | $76,432 |
| WELLS FARGO CLEARING SERVICES LLC | ADVISOR | $53,727 | — | $53,727 |
| PLANTE & MORAN, PLLC | ACCOUNTANT/AUDITOR | $16,250 | — | $16,250 |
| STRATEGIC ADVISORS, INC. | ADVISOR | $7,221 | — | $7,221 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- PLANTE & MORAN, PLLC — ACCOUNTANT/AUDITOR
- STRATEGIC ADVISORS, INC. — ADVISOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $153,630
- Estimated Expense Ratio: 0.431% 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 | $153,630 | $60,948 | — | $16,250 | — |
| 2023 | $104,725 | $41,673 | $235 | $12,047 | — |
| 2022 | $136,611 | $4,541 | — | — | — |