Morgan Corp 401(K) Profit Sharing Plan — Form 5500 plan (Morgan Corp)
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, Morgan Corp 401(K) Profit Sharing Plan is a benefit plan reported by Morgan Corp under EIN 57-0523479 and plan number 001. The latest loaded filing year is 2023. The filing reports 743 participants and $24,522,873 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Morgan Corp
- EIN
- 57-0523479
- Plan number
- 001
- Plan type
- 2
- Location
- Duncan, SC
- Latest filing year
- 2023
- Participants
- 743
- End-of-year plan assets
- $24,522,873
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 743 | H, C | 20241008112455NAL0009587235001 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $24,522,873
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $24,522,873
- Net assets (BOY)
- $19,729,096
Income & contributions
- Employer contributions
- $1,156,606
- Participant contributions
- $2,785,950
- Total contributions
- $4,087,249
- Total income / additions
- $7,546,572
Expenses & distributions
- Benefits paid
- $2,735,305
- Administrative expenses
- $17,490
- Total expenses
- $2,752,795
- Net increase / (decrease)
- $4,793,777
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Principal Life Insurance Company | CONTRACT ADMINISTRATOR | $17,489 | $0 | 2023 |
| Principal Securities Inc | OTHER SERVICES | $0 | $4,417 | 2023 |
| Wilshire Advisors LLC | INVESTMENT ADVISORY | $0 | $0 | 2023 |