Morley Builders, Inc. Employee Stock Ownership Plan — Form 5500 plan (Morley Builders, Inc.)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Morley Builders, Inc. Employee Stock Ownership Plan is a benefit plan reported by Morley Builders, Inc. under EIN 95-3920697 and plan number 108. The latest loaded filing year is 2023. The filing reports 209 participants and $71,568,918 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$52MPlan net assets, end of year$51,994,363
Participants209Covered participants reported
Assets / participant$342.4KComputed: assets ÷ participants$342,435 (computed)
Provider compensation$251 Schedule C provider row(s)
- Plan sponsor
- Morley Builders, Inc.
- EIN
- 95-3920697
- Plan number
- 108
- Plan type
- 2
- Location
- Santa Monica, CA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 209 | H, C | 20241001175542NAL0007580593001 |
Schedule H · 2023
Reported financial statement
Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.
Reported balance (end of year)$71.6M total assets
Net assets$52MLiabilities$19.6M
Full reported line items
Net assets
- Total assets (EOY)
- $71,568,918
- Total liabilities (EOY)
- $19,574,555
- Net assets (EOY)
- $51,994,363
- Net assets (BOY)
- $51,371,673
Income & contributions
- Employer contributions
- $1,660,954
- Total contributions
- $1,698,063
- Total income / additions
- $5,040,513
Expenses & distributions
- Benefits paid
- $3,762,213
- Administrative expenses
- $25
- Total expenses
- $4,417,823
- Net increase / (decrease)
- $622,690
Computed from reported fields
Reported ratios
Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.
Total expenses ÷ net assets8%Computed ratio
Benefits paid ÷ total income75%Computed ratio
Provider comp. ÷ net assets0%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $25 | $0 | 2023 |