Plan Snapshot
- Plan Sponsor: Morse Operations INC.
- Sponsor EIN: 590558323
- Sponsor Address: 2850 S. FEDERAL HWY., DELRAY BEACH, FL, 33483
- Plan Type: 401(k)
- Total Participants: 2,883
- Total Assets: $98.5M
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 | 2,883 | $98.5M | $2.0M | $11.7M |
| 2023 | 2,093 | $82.8M | $1.7M | $10.4M |
| 2022 | 1,742 | $62.1M | $1.5M | $8.6M |
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 | $244,267 | — | $244,267 |
| CAPFINANCIAL PARTNER | CONSULTANT | $23,999 | — | $23,999 |
| CROWE HORWATH LLP | ACCOUNTANT/AUDITOR | $15,750 | — | $15,750 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $284,016
- Estimated Expense Ratio: 0.288% 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 | $284,016 | — | — | $15,750 | — |
| 2023 | $226,194 | — | — | $5,400 | — |
| 2022 | $134,057 | — | — | — | — |