Plan Snapshot
- Plan Sponsor: Morse Group, PLLC
- Sponsor EIN: 822202636
- Sponsor Address: 24901 NORTHWESTERN HIGHWAY STE. 700, SOUTHFIELD, MI, 48075
- Plan Type: 401(k)
- Total Participants: 198
- Total Assets: $15.1M
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 | 198 | $15.1M | $209,860 | $1.1M |
| 2023 | 191 | $12.9M | $161,503 | $958,243 |
| 2022 | 149 | $10.4M | $179,252 | $794,589 |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY | Recordkeeper | $57,210 | — | $57,210 |
| HANTZ AGENCY LLC | Investment Advisor | — | $27,757 | $27,757 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $84,967
- Estimated Expense Ratio: 0.563% 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 | $57,210 | — | — | — | — |
| 2023 | $61,301 | — | — | — | — |
| 2022 | $61,176 | $48,709 | $11,167 | — | — |