401(k) · DOL Form 5500 · 2024

Mgpi Processing, Inc. 401(k) Plan

Data updated 2026-08-11

$58M
Total assets: 390
Participants: 86th
Percentile by assets: $149,621
Avg per participant

Official DOL plan name: Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan · Sponsored by Mgpi Processing, Inc. · Kansas · Manufacturing

$58M in assets, 390 participants

Mgpi Processing, Inc.'s Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan reported $58M in total assets and 390 participants in its 2024 DOL Form 5500 filing, ranking in the 86th 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.

86th percentile by assets (of 123,622 plans)
#14,181 in Manufacturing (17,777 peers)

Where Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan sits by assets

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan sits in the top quartile of all filed plans by assets, $58M for 390 participants (~$149,621/participant), up 12.8% in 2024.

$58M
total plan assets (2024 EOY): 390
covered participants: 86th
percentile by assets (of 123,622 plans): $149,621
avg assets per participant

Where Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan sits by total assets

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan vs every filed plan by assets

End-of-year total assets · plan year 2024 · DOL Form 5500

$58,352,175 Top 14% higher than 86% 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

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan reported net income fell from $8M in the plan year 2023 filing to $6M in the plan year 2024 filing.
Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan end-of-year assets rose from $52M in the plan year 2023 filing to $58M in the plan year 2024 filing.
Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan reported participants rose from 375 in the plan year 2023 filing to 390 in the plan year 2024 filing.

See the national 2023→2024 release diff →

State

Kansas

Industry

Manufacturing

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan vs the 2024 asset distribution

By assets, Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan outranks 86% of the 123,622 plans that filed a Form 5500 for the 2024 plan year, and holds roughly 0.6x the national average plan size of $100M (721 average participants).

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)	$52M
Net Assets (End of Year)	$58M
Net Income	$6M
Employer EIN	480531200
Plan Effective Date	1997-07-01
Filing Status	FILING RECEIVED

Sponsor Plan History (Mgpi Processing, Inc.)

Total plan assets by year, all Mgpi Processing, Inc. plans on file

Year	Plans	Participants	Total Assets
2022	2	267	$57M
2023	2	483	$67M
2024	2	474	$73M

Nearby 401(k) Plans in Kansas

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

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants

Koch Employees' Savings Plan $4.3B · 11,423
Performance Contracting Group, Inc. ESOP/401(k) Plan $3.6B · 1,315
Black & Veatch Retirement Program $3.0B · 7,438
Garmin International, Inc. Retirement Plan $2.2B · 7,082
Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan $1.2B · 7,736

Compare Mgp Ingredients Non-Union 401(k) & Profi… side-by-side with 3 peers →

Similar-Sized 401(k) Plans Nationally

401(k) plans in other states closest to Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan by total assets, not by location.

Thumbtack, Inc 401(k) Plan (CA) $58M · 649
Northtown Automotive Companies, Inc. 401(k) Plan (NY) $58M · 646
Urm 401(k) Plan (WA) $58M · 325
David Clark 401(k) Plan (MA) $58M · 260

Frequently Asked Questions

How did Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan assets move in 2024? ▼

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan grew at a solid clip - up 12.8% during 2024, from $52M to $58M. Reported net income was $6M.

How have Mgpi Processing, Inc. plan assets changed over time? ▼

Across 3 plan years on file (2022-2024), Mgpi Processing, Inc.'s sponsor-wide assets grew 28.1%, from $57M to $73M.

Where does Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan rank by assets among Form 5500 filers? ▼

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan ranks in the 86th percentile by end-of-year assets among 123,622 plans that reported assets for plan year 2024 (in the top quartile of all filed plans by assets).

Which 401(k) plans are similar in size to Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan? ▼

Among 401(k) plans in other states, the closest by assets is Thumbtack, Inc 401(k) Plan in CA ($58M, 649 participants).

Next read for Mgp Ingredients Non-Union 401(k) & Profi…

Scale reading

Ways to act on Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan's numbers.

By total assets, Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
Compare it side-by-side against 3 similar 401(k) plans in Kansas. Compare plans
Mgpi Processing, Inc.'s sponsor-wide assets have grown 28.1% 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 2024.

Source: DOL EFAST2 filing system (efast.dol.gov) - original filing retrieval by EIN 480531200.