Defined Benefit (Pension) · DOL Form 5500 · 2023

Morganite Industries, Inc. Pension Plan

Data updated 2026-08-11

$136M
Total assets
362
Participants
93rd
Percentile by assets
$375,443
Avg per participant
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Official DOL plan name: Morgan US Employees' Retirement Plan · Sponsored by Morganite Industries, Inc. · North Carolina · Manufacturing

$136M in assets, 362 participants

Morganite Industries, Inc.'s Morgan US Employees' Retirement Plan reported $136M in total assets and 362 participants in its 2023 DOL Form 5500 filing, ranking in the 93rd percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.

  • 93rd percentile by assets (of 127,072 plans)
  • #16,729 in Manufacturing (18,722 peers)

Coverage in North Carolina

Morgan US Employees' Retirement Plan covers 362 participants in North Carolina, about 44% of the average North Carolina filer (state average ~819 per filing). Assets: $136M.

$136M
total plan assets (2023 EOY)
362
covered participants
93rd
percentile by assets (of 127,072 plans)
$375,443
avg assets per participant

The plan reported a net loss of $578K for the year, a single-year figure driven by markets and benefit payments, not a measure of plan health.

Where Morgan US Employees' Retirement Plan sits by total assets

Morgan US Employees' Retirement Plan vs every filed plan by assets

End-of-year total assets · plan year 2023 · DOL Form 5500

$135,910,327 Top 7% higher than 93% of 127,068 filed plans

This plan $0 $2,010,000,000 every filed plan with reported assets, bucketed by value

Dashed line + filled bar = this entry, among filed plans.

Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2023

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Morgan US Employees' Retirement Plan reported net income rose from -$42M in the plan year 2022 filing to -$578K in the plan year 2023 filing.
  • Morgan US Employees' Retirement Plan reported participants fell from 400 in the plan year 2022 filing to 362 in the plan year 2023 filing.
  • Morgan US Employees' Retirement Plan end-of-year assets fell from $136M in the plan year 2022 filing to $136M in the plan year 2023 filing.

See the national 2022→2023 release diff →

State
North Carolina
Industry
Manufacturing

Participants vs North Carolina filers

In North Carolina, the average filing covers about 819 participants across 3,515 plans. Morgan US Employees' Retirement Plan reports 362 participants - about 44% of that state average ($136M EOY assets).

North Carolina filing particulars

Total Assets (Beginning of Year)$136M
Net Assets (End of Year)$136M
Net Income-$578K
Employer EIN561268548
Plan Effective Date1971-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Morganite Industries, Inc.)

$360M$380M$400M$420M$440M 202220232024 $379M $417M ▲ +9.9%
Total plan assets by year, all Morganite Industries, Inc. plans on file
Year Plans Participants Total Assets
2022 2 2,402 $379M
2023 2 2,525 $402M
2024 2 2,634 $417M

Nearby Defined Benefit (Pension) Plans in North Carolina

Peer Defined Benefit (Pension) plans, same state, same plan type, ranked by total assets.

Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -200000200004000060000 -505101520 Total assets ($B) Participants Morgan US Employees'…, Total assets ($B): 0.135910327 · Participants: 362Morgan US Employees'…Honeywell Retirement…, Total assets ($B): 16.613752395 · Participants: 11145Honeywell Retirement…Truist Financial Cor…, Total assets ($B): 14.582387965 · Participants: 45818Truist Financial Cor…Duke Energy Retireme…, Total assets ($B): 4.0264 · Participants: 14485Duke Energy Retireme…Duke Energy Legacy P…, Total assets ($B): 3.3721 · Participants: 371Duke Energy Legacy P…Employees' Retiremen…, Total assets ($B): 2.616859519 · Participants: 21020Employees' Retiremen…
Morgan US Employees' Retirement Plan vs. nearby Defined Benefit (Pension) plans in North Carolina, assets vs. participants
Compare Morgan US Employees' Retirement Plan side-by-side with 3 peers →

Similar-Sized Defined Benefit (Pension) Plans Nationally

Defined Benefit (Pension) plans in other states closest to Morgan US Employees' Retirement Plan by total assets, not by location.

Frequently Asked Questions

How did Morgan US Employees' Retirement Plan assets move in 2023? ▼
Morgan US Employees' Retirement Plan held essentially flat - down 0.4% during 2023, from $136M to $136M. Reported net income was -$578K.
How have Morganite Industries, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Morganite Industries, Inc.'s sponsor-wide assets grew 9.9%, from $379M to $417M.
Where does Morgan US Employees' Retirement Plan rank by assets among Form 5500 filers? ▼
Morgan US Employees' Retirement Plan ranks in the 93rd percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 10% of all filed plans by assets).
Which Defined Benefit (Pension) plans are similar in size to Morgan US Employees' Retirement Plan? ▼
Among Defined Benefit (Pension) plans in other states, the closest by assets is Stanford Health Care Staff Pension Plan in CA ($136M, 429 participants).

Next read for Morgan US Employees' Retirement Plan

Filing takeaways

Ways to act on Morgan US Employees' Retirement Plan's numbers.

  • By total assets, Morgan US Employees' Retirement Plan ranks in the top 10% of all filed plans by assets. See the largest plans
  • Compare it side-by-side against 3 similar Defined Benefit (Pension) plans in North Carolina. Compare plans
  • Morganite Industries, Inc.'s sponsor-wide assets have grown 9.9% since 2022 across 3 plan years on file. More Manufacturing plans

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2023.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 561268548.

Read our methodology - how this data is sourced, computed, and verified.

Data sourced from U.S. Department of Labor Form 5500 filings (EBSA). See our methodology for details.