401(k) · DOL Form 5500 · 2024
Morganite Industries Inc. 401(k) Plan
Data updated 2026-08-11
- $290M
- Total assets
- 2,317
- Participants
- 96th
- Percentile by assets
- $125,095
- Avg per participant
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.
- 96th percentile by assets (of 123,622 plans)
- #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.
- $290M
- total plan assets (2024 EOY)
- 2,317
- covered participants
- 96th
- percentile by assets (of 123,622 plans)
- $125,095
- avg assets per participant
Where Morgan US Employees' 401(k) Plan sits 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
Dashed line + filled bar = this entry, among filed plans.
Source U.S. Department of Labor Form 5500 filings (EBSA) · plan year 2024
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.
Participants vs North Carolina filers
In North Carolina, the average filing covers about 819 participants across 3,515 plans. Morgan US Employees' 401(k) Plan reports 2,317 participants - 2.8x that state average ($290M EOY assets).
North Carolina filing particulars
| Total Assets (Beginning of Year) | $266M |
|---|---|
| Net Assets (End of Year) | $290M |
| Net Income | $24M |
| Employer EIN | 561268548 |
| Plan Effective Date | 1985-01-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Morganite Industries Inc.)
| 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
- The Bank of America 401(k) Plan $62.9B · 168,963
- Honeywell 401(k) Plan $16.3B · 39,468
- Duke Energy Retirement Savings Plan $11.3B · 27,341
- Nucor Corporation Profit Sharing and Retirement Savings Plan $9.3B · 27,070
- Truist Financial Corporation 401(k) Savings Plan $9.2B · 52,699
Similar-Sized 401(k) Plans Nationally
401(k) plans in other states closest to Morgan US Employees' 401(k) Plan by total assets, not by location.
- B. Riley Financial, Inc. 401(k) Profit Sharing Plan (CA) $290M · 1,307
- Bacardi U.S.a., Inc. & Affiliates 401(k) Savings and DC Retirement Plan (FL) $290M · 1,095
- Commvault Systems, Inc. 401(k) Plan (NJ) $290M · 1,201
- Winco Foods 401(k) Plan (ID) $290M · 19,177
Frequently Asked Questions
How did Morgan US Employees' 401(k) Plan assets move in 2024? ▼
How have Morganite Industries Inc. plan assets changed over time? ▼
Where does Morgan US Employees' 401(k) Plan rank by assets among Form 5500 filers? ▼
Which 401(k) plans are similar in size to Morgan US Employees' 401(k) Plan? ▼
Next read for Morgan US Employees' 401(k) Plan
Filing takeaways
Ways to act on Morgan US Employees' 401(k) Plan's numbers.
- By total assets, Morgan US Employees' 401(k) Plan ranks in the top 5% of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar 401(k) 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