401(k) · DOL Form 5500 · 2024

Morganite Industries Inc. 401(k) Plan

Data updated 2026-08-25

$290M
Total assets Near avg plan size
2,317
Participants Above avg headcount
96th
Percentile by assets National rank
$125,095
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

$290M in assets, 2,317 participants

Morganite Industries Inc.'s Morgan US Employees' 401(k) Plan reported $290M in total assets and 2,317 participants in its 2024 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.

  • #16,578 in Manufacturing (17,777 peers)

Coverage in North Carolina

Morgan US Employees' 401(k) Plan covers 2,317 participants in North Carolina, 2.8x the typical North Carolina plan (state average ~819 per filing). Assets: $290M.

#16,578
in Manufacturing (17,777 peers)
+9.0%
assets growth YoY
2.9×
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 2024 · DOL Form 5500

$289,844,308 Top 4% higher than 96% of 123,620 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 2024

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

Plan-year 2024 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 (2,317 participants).

What changed between DOL Form 5500 filings

plan year 2023 → plan year 2024

  • Morgan US Employees' 401(k) Plan end-of-year assets rose from $266M in the plan year 2023 filing to $290M in the plan year 2024 filing.
  • Morgan US Employees' 401(k) Plan reported participants rose from 2,163 in the plan year 2023 filing to 2,317 in the plan year 2024 filing.
  • Morgan US Employees' 401(k) Plan reported net income rose from $23M in the plan year 2023 filing to $24M in the plan year 2024 filing.

See the national 2023→2024 release diff →

Form 5500 schedule snapshot

Filing strip 561268548 · Morganite Industries Inc. PY 2024 · 401(k)

Morgan US Employees' 401(k) Plan · $290M · 2,317 · 96th

  • PHOTO $290M
  • PHOTO 2,317
  • PHOTO 96th
  • PHOTO 401(k)
  • PHOTO near B. Riley Financial, Inc. 401(k) Profit Sharing Plan
  • PHOTO ind #16578

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

Commvault Systems, Inc. 401(k) PlanCommvault Systems, Inc. 401(…$290MBacardi U.S.a., Inc. & Affiliates 401(k) Savings and DC Retirement PlanBacardi U.S.a., Inc. & Affil…$290MMorgan US Employees' 401(k) PlanMorgan US Employees' 401(k) …$290MB. Riley Financial, Inc. 401(k) Profit Sharing PlanB. Riley Financial, Inc. 401…$290MWinco Foods 401(k) Plan$290M
End-of-year total assets ($M) among Morgan US Employees' 401(k) Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

North Carolina filing particulars

Total Assets (Beginning of Year)$266M
Net Assets (End of Year)$290M
Net Income$24M
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 -20020406080 Total assets ($B) Participants Morgan US Employees' 401(k) Plan, Total assets ($B): 0.289844308 · Participants: 2317Morgan US Employees' 401(k) PlanThe Bank of America 401(k) Plan, Total assets ($B): 62.902405616 · Participants: 168963The Bank of America 401(k) PlanHoneywell 401(k) Plan, Total assets ($B): 16.316486587 · Participants: 39468Honeywell 401(k) PlanDuke Energy Retirement Savings Plan, Total assets ($B): 11.269744 · Participants: 27341Duke Energy Retirement Savings PlanNucor Corporation Profit Sharing and Retirement Savings Plan, Total assets ($B): 9.349291649 · Participants: 27070Nucor Corporation Profit Sharing and Retirement Savings PlanTruist Financial Corporation 401(k) Savings Plan, Total assets ($B): 9.231001739 · Participants: 52699Truist Financial Corporation 401(k) 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 B. Riley Financial, Inc. 401(k) Profit Sharing Plan in CA ($290M); by covered participants it is Spire Hospitality, LLC 401(k) Plan in TX (2,317 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($290M here).

Similar participant headcount

Nearest other-state filings by covered participants (2,317 participants); asset peers above are excluded.

DOL Form 5500 plan year 2024. 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 2024? ▼
Morgan US Employees' 401(k) Plan grew at a solid clip - up 9.0% during 2024, from $266M to $290M. Reported net income was $24M.
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 123,622 plans that reported assets for plan year 2024 (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 B. Riley Financial, Inc. 401(k) Profit Sharing Plan in CA ($290M, 1,307 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 Spire Hospitality, LLC 401(k) Plan in TX (2,317 participants, $22M in assets).

Source: U.S. Department of Labor, Employee Benefits Security Administration (EBSA), Form 5500 public disclosure dataset. Plan year 2024.

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.