Plan Snapshot
- Plan Sponsor: Morsecorp, INC.
- Sponsor EIN: 472054171
- Sponsor Address: 101 MAIN STREET, CAMBRIDGE, MA, 021421531
- Plan Type: 401(k)
- Total Participants: 151
- Total Assets: $14.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 151 | $14.0M | $809,957 | $2.1M |
| 2023 | 149 | $9.5M | $685,936 | $1.7M |
| 2022 | 120 | $4.9M | $613,301 | $1.4M |
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 |
|---|---|---|---|---|
| AAFCPAS, INC | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $22,523 | $1,288 | — | — | — |
| 2023 | $12,442 | $373 | — | — | — |
| 2022 | $6,741 | $26 | — | — | — |