401(k) · DOL Form 5500 · 2023

Morningstar, Inc. 401(k) Plan

Data updated 2026-08-25

$878M
Total assets Above avg plan size
3,542
Participants Above avg headcount
98th
Percentile by assets National rank
$247,867
Avg per participant Above avg balance/head
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Official DOL plan name: Morningstar, Inc. 401(k) Plan · Sponsored by Morningstar, Inc. · Illinois · Information & Media

$878M in assets, 3,542 participants

Morningstar, Inc.'s Morningstar, Inc. 401(k) Plan reported $878M in total assets and 3,542 participants in its 2023 DOL Form 5500 filing, ranking in the 98th 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.

  • #2,735 in Information & Media (2,818 peers)

Coverage in Illinois

Morningstar, Inc. 401(k) Plan covers 3,542 participants in Illinois, 4.5x the typical Illinois plan (state average ~779 per filing). Assets: $878M.

#2,735
in Information & Media (2,818 peers)
+25.4%
assets growth YoY
8.8×
vs typical plan assets (national mean)

Morningstar, Inc. 401(k) Plan's outsized position by total assets

Morningstar, Inc. 401(k) Plan vs every filed plan by assets

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

$877,946,528 Top 2% higher than 98% 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

Morningstar, Inc. 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. Morningstar, Inc. 401(k) Plan lands in the large band (3,542 participants).

What changed between DOL Form 5500 filings

plan year 2022 → plan year 2023

  • Morningstar, Inc. 401(k) Plan reported net income rose from -$98M in the plan year 2022 filing to $178M in the plan year 2023 filing.
  • Morningstar, Inc. 401(k) Plan end-of-year assets rose from $700M in the plan year 2022 filing to $878M in the plan year 2023 filing.
  • Morningstar, Inc. 401(k) Plan reported participants rose from 3,089 in the plan year 2022 filing to 3,542 in the plan year 2023 filing.

See the national 2022→2023 release diff →

Plan-year Form 5500 strip

Filing strip 363297908 · Morningstar, Inc. PY 2023 · 401(k)

Morningstar, Inc. 401(k) Plan · $878M · 3,542 · 98th

  • TYPE $878M
  • NET 3,542
  • BOOK 98th
  • VS-ST 401(k)
  • BOY near Assuredpartners 401(k) Plan
  • SCH ind #2735

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 Information & Media retirement plans → · Plans in Illinois →

Morningstar, Inc. 401(k) Plan in the asset neighbourhood

Wsgr 401(k) and Profit Sharing PlanWsgr 401(k) and Profit Shari…$879MB. Braun Medical Inc. Savings PlanB. Braun Medical Inc. Saving…$879MAssuredpartners 401(k) Plan$878MMorningstar, Inc. 401(k) Plan$878MAmica 401(k) Retirement Savings PlanAmica 401(k) Retirement Savi…$877M
End-of-year total assets ($M) among Morningstar, Inc. 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2023.

Illinois filing particulars

Total Assets (Beginning of Year)$700M
Net Assets (End of Year)$878M
Net Income$178M
Employer EIN363297908
Plan Effective Date1991-01-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Morningstar, Inc.)

Sponsor-wide plan assets over time

All Morningstar, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$1.0B 46.16760903087349% vs 2022
2024 filing year
$0.6B$0.7B$0.8B$0.9B$1B$1.1B 202220232024 $0.7B $1.02B ▲ +45.7%
Year Plans Participants Total Assets
2022 1 3,089 $700M
2023 1 3,542 $878M
2024 1 3,504 $1.0B

Nearby 401(k) Plans in Illinois

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

Morningstar, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants Scatter plot of 6 data points. -1000000100000200000300000 05101520 Total assets ($B) Participants Morningstar, Inc. 401(k) Plan, Total assets ($B): 0.877946528 · Participants: 3542Morningstar, Inc. 401(k) PlanAccenture United States 401(k) Match Savings Plan, Total assets ($B): 17.594548115 · Participants: 69974Accenture United States 401(k) Match Savings PlanState Farm 401(k) Savings Plan, Total assets ($B): 16.935002041 · Participants: 60246State Farm 401(k) Savings PlanAbbott Laboratories Stock Retirement Plan, Total assets ($B): 14.496191 · Participants: 38012Abbott Laboratories Stock Retirement PlanUnited Airlines Pilot Retirement Account Plan, Total assets ($B): 14.367975914 · Participants: 14959United Airlines Pilot Retirement Account PlanWalgreens Retirement Savings Plan, Total assets ($B): 13.444551767 · Participants: 235331Walgreens Retirement Savings Plan
Morningstar, Inc. 401(k) Plan vs. nearby 401(k) plans in Illinois, assets vs. participants
Compare Morningstar, Inc. 401(k) Plan side-by-side with 3 peers →

Morningstar, Inc. 401(k) Plan's out-of-state 401(k) peers by assets and headcount

Outside Illinois, the nearest 401(k) by assets is Assuredpartners 401(k) Plan in FL ($878M); by covered participants it is Flexcare LLC 401(k) Plan in CA (3,541 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($878M here).

Similar participant headcount

Nearest other-state filings by covered participants (3,542 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 Morningstar, Inc. 401(k) Plan assets move in 2023? ▼
Morningstar, Inc. 401(k) Plan grew sharply - up 25.4% during 2023, from $700M to $878M. Reported net income was $178M.
How have Morningstar, Inc. plan assets changed over time? ▼
Across 3 plan years on file (2022-2024), Morningstar, Inc.'s sponsor-wide assets grew 46.2%, from $700M to $1.0B.
Where does Morningstar, Inc. 401(k) Plan rank by assets among Form 5500 filers? ▼
Morningstar, Inc. 401(k) Plan ranks in the 98th 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 Morningstar, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by assets is Assuredpartners 401(k) Plan in FL ($878M, 8,610 participants).
Which 401(k) plans cover a similar participant headcount to Morningstar, Inc. 401(k) Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Flexcare LLC 401(k) Plan in CA (3,541 participants, $17M 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 363297908.

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.