Retirement plan

J. J. MORRIS & SONS, INC. SALARIED EMPLOYEES RETIREMENT PLAN AND TRUST

Name: J. J. MORRIS & SONS, INC. - J. J. MORRIS & SONS, INC. SALARIED EMPLOYEES RETIREMENT PLAN AND TRUST (2024) Form 5500
Creator: J. J. MORRIS & SONS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J. J. MORRIS & SONS, INC. SALARIED EMPLOYEES RETIREMENT PLAN AND TRUST, J. J. MORRIS & SONS, INC.

J. J. MORRIS & SONS, INC.EIN 25-0941059Plan #001PY 2024

P.O. BOX 14038 - PITTSBURGH, PA 15239412-795-3400jjmorris1916.comLinkedIn1-10 employeesconstruction

Prospect flagsHigh retiree %High feesHigh assets / participant

How to read this page

Total assets (EOY)

$5.2M

+9.8% from 2023

Total participants

+12.5% from 2023

Average account balance

$651,752

+9.8% from 2023

Annual return

9.15%

+2.42 pp from 2023

Benchmarks

See 54,805 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants<25

Cohort54,805 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$5.21M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$652K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

80.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$153K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$31K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+9.15%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$15336

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2G

Plan features

2E
Profit-sharing
Profit-sharing plan.
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.

Opportunity flags

3 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
InformationalHigh retiree %
Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

Expense breakdown

Schedule H Part II

Admin total

$123K

$24538 / participant

Other / not subdivided$123K100.0%

% of EOY assets

2.353%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$651,752

$110,379+490.5%

$102,412+536.4%

$145,884+346.8%

Participation rate

80.0%

77.9%+2.1pp

74.5%+5.5pp

80.3%-0.3pp

Annual return

9.15%

24.84%-15.7pp

24.94%-15.8pp

551.85%-542.7pp

Employer contribution / active EE

$19,374

$4,216+359.5%

$3,870+400.6%

$4,662+315.5%

Participant deferral / active EE

$11,286

$5,622+100.8%

$5,060+123.0%

$6,690+68.7%

Admin fee / account holder

$15,336

$9,745+57.4%

$8,388+82.8%

$13,392+14.5%

J. J. MORRIS & SONS, INC. SALARIED EMPLOYEES RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J. J. MORRIS & SONS, INC. SALARIED EMPLOYEES RETIREMENT PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion