Plan Snapshot
- Plan Sponsor: Morristown Beard School
- Sponsor EIN: 221487252
- Sponsor Address: 70 WHIPPANY ROAD, MORRISTOWN, NJ, 07960
- Plan Type: 403(b)
- Total Participants: 216
- Total Assets: $51.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 216 | $51.7M | $1.1M | $1.1M |
| 2023 | 226 | $47.7M | $1.1M | $1.0M |
| 2022 | 181 | $41.7M | $1.0M | $951,751 |
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 |
|---|---|---|---|---|
| TIAA | RECORDKEEPER | $22,584 | — | $22,584 |
| PKF O'CONNOR DAVIES LLP | AUDITOR | $13,780 | — | $13,780 |
| PLAN PILOT, LLC | ADVISOR | $11,025 | — | $11,025 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TIAA — RECORDKEEPER
- PKF O'CONNOR DAVIES LLP — AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $47,389
- Estimated Expense Ratio: 0.092% 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 | $51,192 | — | $51,192 | — | — |
| 2023 | $34,062 | — | $34,062 | — | — |
| 2022 | $40,704 | — | $40,704 | — | — |