Morgan Stanley Domestic Holdings, LLC 401(k) Review & Grade
Morgan Stanley 401(k) Plan
New York, NYFinance & Insurance53,972 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$7,369Employer $ per active participant
$15,443Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$22.0BNet plan assets, end of year
$284,700Average balance per account
Score breakdown
- Employer generosity35.2 / 5070th percentile for employer $ per participant
- Low cost12.9 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving14.2 / 1594th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score65 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 10,000+ active participants (72 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 70th |
| Lower admin cost | 51th |
| Employee saving | 94th |
| Peers that auto-enroll | 74% |
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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
- Morgan Stanley Domestic Holdings put in about $7,369 per active participant, more than the typical peer ($5,179). 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.
- 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 | $397,705,435 |
| Participant (employee) contributions | $833,466,954 |
| Other contributions (incl. rollovers in) | $81,596,595 |
| Administrative expenses paid from the plan | $17,069,708 |
| Investment advisory & management fees | $16,700,742 |
| Other admin expenses | $61,961 |
| Benefits paid out | $1,492,636,531 |
| Net assets, start / end of year | $19.0B / $22.0B |
| Active participants, start / end of year | 53,860 / 54,084 |
| Participants with account balances | 77,339 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Deloitte & Touche LLP |
| Employer stock held by plan | $3,276,045,327 |
Largest service providers (Schedule C)
| T. Rowe Price Associates, Inc. | $3,773,377 reported compensation |
| Westfield Capital Management Co, LP | $1,724,662 reported compensation |
| State Street Global Advisrs Trst Co | $1,639,301 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010150034NAL0004732579001, received 2025-10-10, EIN 20-8764829, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.