401(k) · DOL Form 5500 · 2023

Morganite Industries Inc. 401(k) Plan

Data updated 2026-08-25

$266M
Total assets Near avg plan size
2,163
Participants Above avg headcount
96th
Percentile by assets National rank
$122,993
Avg per participant Near avg balance/head
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Official DOL plan name: Morgan US Employees' 401(k) Plan · Sponsored by Morganite Industries Inc. · North Carolina · Manufacturing

$266M in assets, 2,163 participants

Morganite Industries Inc.'s Morgan US Employees' 401(k) Plan reported $266M in total assets and 2,163 participants in its 2023 DOL Form 5500 filing, ranking in the 96th 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.

  • #17,466 in Manufacturing (18,722 peers)

Coverage in North Carolina

Morgan US Employees' 401(k) Plan covers 2,163 participants in North Carolina, 2.6x the typical North Carolina plan (state average ~819 per filing). Assets: $266M.

#17,466
in Manufacturing (18,722 peers)
+9.6%
assets growth YoY
2.7×
vs typical plan assets (national mean)

Morgan US Employees' 401(k) Plan's outsized position by total assets

Morgan US Employees' 401(k) Plan vs every filed plan by assets

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

$266,034,079 Top 4% higher than 96% of 127,068 filed plans

This plan $0 $2,050,000,000 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

Morgan US Employees' 401(k) Plan's large-plan peer group by participant headcount

Plan-year 2023 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Morgan US Employees' 401(k) Plan lands in the large band (2,163 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Morgan US Employees' 401(k) Plan reported net income rose from -$45M in the plan year 2022 filing to $23M in the plan year 2023 filing.
  • Morgan US Employees' 401(k) Plan end-of-year assets rose from $243M in the plan year 2022 filing to $266M in the plan year 2023 filing.
  • Morgan US Employees' 401(k) Plan reported participants rose from 2,002 in the plan year 2022 filing to 2,163 in the plan year 2023 filing.

See the national 2022→2023 release diff →

DOL schedule card

Filing strip 561268548 · Morganite Industries Inc. PY 2023 · 401(k)

Morgan US Employees' 401(k) Plan · $266M · 2,163 · 96th

  • RANK $266M
  • PHOTO 2,163
  • IND 96th
  • EOY 401(k)
  • 5500 near District Medical Group, Inc. Profit Sharing and 401(k) Plan & Trust
  • ASSETS ind #17466

Stamps derive from this plan's Form 5500 line items (assets, participants, type, EIN, cohort placement) - not a quality rating of the sponsor. Read with Manufacturing retirement plans → · Plans in North Carolina →

Morgan US Employees' 401(k) Plan in the asset neighbourhood

Hughes Hubbard & Reed Defined Contribution Retirement PlanHughes Hubbard & Reed Define…$266MMorgan US Employees' 401(k) PlanMorgan US Employees' 401(k) …$266MDistrict Medical Group, Inc. Profit Sharing and 401(k) Plan & TrustDistrict Medical Group, Inc.…$266MSerta Simmons Bedding 401(k) Retirement PlanSerta Simmons Bedding 401(k)…$266MPatterson-Uti Energy, Inc. 401(k) Profit Sharing PlanPatterson-Uti Energy, Inc. 4…$266M
End-of-year total assets ($M) among Morgan US Employees' 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

North Carolina filing particulars

Total Assets (Beginning of Year)$243M
Net Assets (End of Year)$266M
Net Income$23M
Employer EIN561268548
Plan Effective Date1985-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Morganite Industries Inc.)

Sponsor-wide plan assets over time

All Morganite Industries Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$417M 9.946041275006202% vs 2022
2024 filing year
$360M$380M$400M$420M$440M 202220232024 $379M $417M ▲ +9.9%
Year Plans Participants Total Assets
2022 2 2,402 $379M
2023 2 2,525 $402M
2024 2 2,634 $417M

Nearby 401(k) Plans in North Carolina

Peer 401(k) plans, same state, same plan type, ranked by total assets.

Morgan US Employees' 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants Scatter plot of 6 data points. -50000050000100000150000200000 -200204060 Total assets ($B) Participants Morgan US Employees' 401(k) Plan, Total assets ($B): 0.266034079 · Participants: 2163Morgan US Employees' 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 54.848846192 · Participants: 173899The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 15.388124058 · Participants: 40004Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 10.354065 · Participants: 28121Duke Energy Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 10.120701726 · Participants: 55480Truist Financial Corporation 401(k) Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 8.510660989 · Participants: 24174Nucor Corporation Profit Sharing and Retirement Savings Plan
Morgan US Employees' 401(k) Plan vs. nearby 401(k) plans in North Carolina, assets vs. participants
Compare Morgan US Employees' 401(k) Plan side-by-side with 3 peers →

Morgan US Employees' 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside North Carolina, the nearest 401(k) by assets is District Medical Group, Inc. Profit Sharing and 401(k) Plan & Trust in AZ ($266M); by covered participants it is Bridgewater Interiors, LLC Savings & Investment (401(k)) Plan in MI (2,163 participants). Same-state nearby plans are listed separately above.

Similar participant headcount

Nearest other-state filings by covered participants (2,163 participants); asset peers above are excluded.

DOL Form 5500 plan year 2023. Asset totals can differ widely at the same headcount; neither axis is a quality rating.

Frequently Asked Questions

How did Morgan US Employees' 401(k) Plan assets move in 2023? ▼
Morgan US Employees' 401(k) Plan grew at a solid clip - up 9.6% during 2023, from $243M to $266M. Reported net income was $23M.
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' 401(k) Plan rank by assets among Form 5500 filers? ▼
Morgan US Employees' 401(k) Plan ranks in the 96th percentile by end-of-year assets among 127,072 plans that reported assets for plan year 2023 (in the top 5% of all filed plans by assets).
Which 401(k) plans are similar in size to Morgan US Employees' 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is District Medical Group, Inc. Profit Sharing and 401(k) Plan & Trust in AZ ($266M, 767 participants).
Which 401(k) plans cover a similar participant headcount to Morgan US Employees' 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Bridgewater Interiors, LLC Savings & Investment (401(k)) Plan in MI (2,163 participants, $79M in assets).

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.