Plan Snapshot
- Plan Sponsor: Morselife INC.
- Sponsor EIN: 592120896
- Sponsor Address: 4847 FRED GLADSTONE DR, WEST PALM BEACH, FL, 334178023
- Plan Type: 403(b)
- Total Participants: 1,307
- Total Assets: $25.9M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- 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 | 1,307 | $25.9M | $1,204 | $3.0M |
| 2023 | 1,219 | $23.2M | $275 | $2.7M |
| 2022 | 1,305 | $20.7M | $0 | $2.5M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $127,420 | — | $127,420 |
| J.P. MORGAN SECURITIES LLC | INVESTMENT ADVISORY | $43,299 | — | $43,299 |
| WELLS FARGO FINANCIAL NETWORK | INVESTMENT ADVISORY | $15,677 | — | $15,677 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- J.P. MORGAN SECURITIES LLC — INVESTMENT ADVISORY
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $186,396
- Estimated Expense Ratio: 0.720% 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 | $154,575 | $58,976 | $95,599 | — | — |
| 2023 | $148,358 | $51,332 | $97,026 | — | — |
| 2022 | $133,018 | $53,321 | $79,697 | — | — |