Morley Companies, Inc. 401(k) Review & Grade
Morley Companies, Inc. 401(k) Profit Sharing Plan & Trust
Saginaw, MIAdministrative, Support & Staffing Services1,826 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$506Employer $ per active participant
$1,511Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$46.8MNet plan assets, end of year
$39,671Average balance per account
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving6.6 / 1544th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 42th |
| Employee saving | 44th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Morley Companies put in about $506 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $924,641 |
| Participant (employee) contributions | $2,759,497 |
| Other contributions (incl. rollovers in) | $173,637 |
| Administrative expenses paid from the plan | $125,137 |
| Contract administrator fees | $16,141 |
| Investment advisory & management fees | $62,268 |
| Benefits paid out | $3,895,090 |
| Net assets, start / end of year | $40.3M / $46.8M |
| Active participants, start / end of year | 1,895 / 1,758 |
| Participants with account balances | 1,180 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson LLC |
Largest service providers (Schedule C)
| Granite Group Advisors | $62,268 reported compensation |
| Newport Group, Inc. | $44,406 reported compensation |
| Newport Trust Company | $18,463 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250819103259NAL0003668832001, received 2025-08-19, EIN 38-2687736, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.