Retirement plan

MORROW MEADOWS CORPORATION 401(K) PLAN

Name: MORROW MEADOWS CORPORATION - MORROW MEADOWS CORPORATION 401(K) PLAN (2024) Form 5500
Creator: MORROW MEADOWS CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MORROW MEADOWS CORPORATION 401(K) PLAN, MORROW MEADOWS CORPORATION

MORROW MEADOWS CORPORATIONEIN 95-2313206Plan #003PY 2024

231 BENTON COURT - CITY OF INDUSTRY, CA 91789909-598-7700morrow-meadows.comLinkedIn1001-5000 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$84.5M

+21.1% from 2023

Total participants

470

-0.2% from 2023

Average account balance

$206,645

+23.2% from 2023

Annual return

25.92%

+20.64 pp from 2023

Benchmarks

See 1,561 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,561 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$84.52M

Not enough data

1 years with asset history on file

Average account balance

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

$207K

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.

409

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.

82.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.03M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$14K

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

+25.92%

Not enough data

1 years with return on file

Admin fee / account holder

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

$419

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

1 years with F_SCH_H allocation on file

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

Service providers

Top 5 by compensation

Provider	Service type	Compensation
LPL FINANCIAL2 years Filed as: LPL FINANCIAL, LLC Service code 27 PO BOX 502533 · SAN DIEGO, CA 92150	Advisory (Plan)	$89,760
GREAT-WEST LIFE & ANNUITY INSURANCE2 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY O Service code 64 8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$49,767
WINDES, INC.5 years Filed as: WINDES INC Service code 10 111 W OCEAN BLVD 22ND FL · LONG BEACH, CA 90802	Accounting	$17,300
CORTNIE HODDER INVESTENT LLC1 year Service code 27 1212 LUKER DR · CASPER, WY 82609	Advisory (Plan)	$7,405
HODDER INVESTMENTS LLC3 years Service code 27 1551THREE CROWNS DR STE 100 · CASPER, WY 82604	Advisory (Plan)	$6,988

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
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.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$171K

$486 / participant

Recordkeeping$50K29.1%
Investment mgmt$104K60.8%
Other / not subdivided$17K10.1%

% of EOY assets

0.203%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WINDES, INC
Auditor EIN: 953001179
Audit fees: $17,300
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$206,645

$83,023+148.9%

$102,437+101.7%

$77,762+165.7%

Participation rate

82.7%

71.5%+11.1pp

74.5%+8.2pp

70.6%+12.1pp

Annual return

25.92%

19.12%+6.8pp

24.95%+1.0pp

31.27%-5.3pp

Employer contribution / active EE

$3,809

$3,552+7.2%

$3,871-1.6%

$2,728+39.6%

Participant deferral / active EE

$10,493

$4,110+155.3%

$5,060+107.4%

$4,651+125.6%

Admin fee / account holder

$419

$639-34.5%

$8,388-95.0%

$433-3.3%

Provider

Service type

Compensation

LPL FINANCIAL2 years

Filed as: LPL FINANCIAL, LLC

Service code 27

PO BOX 502533 · SAN DIEGO, CA 92150

Advisory (Plan)

$89,760

GREAT-WEST LIFE & ANNUITY INSURANCE2 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY O

Service code 64

8515 EAST ORCHARD ROAD · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$49,767

WINDES, INC.5 years

Filed as: WINDES INC

Service code 10

111 W OCEAN BLVD 22ND FL · LONG BEACH, CA 90802

Accounting

$17,300

CORTNIE HODDER INVESTENT LLC1 year

Service code 27

1212 LUKER DR · CASPER, WY 82609

Advisory (Plan)

$7,405

HODDER INVESTMENTS LLC3 years

Service code 27

1551THREE CROWNS DR STE 100 · CASPER, WY 82604

Advisory (Plan)

$6,988

MORROW MEADOWS CORPORATION 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MORROW MEADOWS CORPORATION 401(K) PLAN

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