Morris Group, Inc. 401(k) Review & Grade
Morris Group, Inc. 401(k) Plan
Windsor, CTManufacturing1,018 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,030Employer $ per active participant
$9,343Employee $ saved per active participant
0.09%Direct admin cost, % of plan assets
$146.5MNet plan assets, end of year
$116,267Average balance per account
Score breakdown
- Employer generosity31.9 / 5064th percentile for employer $ per participant
- Low cost19.2 / 2577th percentile for low admin cost vs. same-size plans
- Employee saving13.0 / 1587th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score74 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 64th |
| Lower admin cost | 77th |
| Employee saving | 87th |
| Peers that auto-enroll | 59% |
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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
- Morris Group put in about $3,030 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $3,083,477 |
| Participant (employee) contributions | $9,506,743 |
| Other contributions (incl. rollovers in) | $1,742,135 |
| Administrative expenses paid from the plan | $121,854 |
| Contract administrator fees | $1,200 |
| Investment advisory & management fees | $37,335 |
| Benefits paid out | $15,287,259 |
| Net assets, start / end of year | $127.6M / $146.5M |
| Active participants, start / end of year | 978 / 1,057 |
| Participants with account balances | 1,260 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cohnreznick LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $84,519 reported compensation |
| Strategic Advisors, Inc. | $37,335 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009111334NAL0003847523001, received 2025-10-09, EIN 06-0610609, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.