Plan Snapshot
- Plan Sponsor: Morrissey Hospitality Companies, INC.
- Sponsor EIN: 411790932
- Sponsor Address: 6 WEST 5TH STREET, ST PAUL, MN, 55102
- Plan Type: 401(k)
- Total Participants: 529
- Total Assets: $11.2M
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 | 529 | $11.2M | $321,587 | $632,460 |
| 2023 | 546 | $10.1M | $376,298 | $724,027 |
| 2022 | 659 | $9.3M | $296,950 | $616,490 |
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 |
|---|---|---|---|---|
| BOYUM & BARENSCHEER PLLP | Auditor | $9,900 | — | $9,900 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOYUM & BARENSCHEER PLLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,900
- Estimated Expense Ratio: 0.089% 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 | $91,472 | $14,917 | $66,655 | $9,900 | — |
| 2023 | $80,945 | $14,092 | $55,853 | $11,000 | — |
| 2022 | $74,892 | $18,557 | $36,085 | — | $20,250 |