Plan Snapshot
- Plan Sponsor: Wm. B. Morse Lumber Co.
- Sponsor EIN: 160560500
- Sponsor Address: 340 WEST MAIN STREET, ROCHESTER, NY, 14608
- Plan Type: 401(k)
- Total Participants: 114
- Total Assets: $15.5M
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 | 114 | $15.5M | $281,908 | $684,666 |
| 2023 | 163 | $15.3M | $180,668 | $550,876 |
| 2022 | 102 | $10.5M | $151,455 | $474,034 |
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 | $60,780 | — | $60,780 |
| MODERN WEALTH HOLDINGS, LLC | CONTRACT ADMINISTRATOR | $2,450 | $22,769 | $25,219 |
| LPL FINANCIAL LLC - RPCP | INVESTMENT ADVISORY | — | $19,628 | $19,628 |
| DAVIE KAPLAN CPA PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- DAVIE KAPLAN CPA PC — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $105,627
- Estimated Expense Ratio: 0.683% 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 | $64,030 | — | $64,030 | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |