401(k) · DOL Form 5500 · 2024

Mgpi Processing, Inc. 401(k) Plan

Data updated 2026-08-25

$58M
Total assets Below avg plan size
390
Participants Below avg headcount
86th
Percentile by assets National rank
$149,621
Avg per participant Above avg balance/head
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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.

  • #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.

#14,181
in Manufacturing (17,777 peers)
+12.8%
assets growth YoY
0.6×
vs typical plan assets (national mean)

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan's outsized position 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

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

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan among mid-size filed plans by headcount

Plan-year 2024 Form 5500 filings with a reported participant count, partitioned by headcount band, not by assets. Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan sits mid-pack in the medium band (390 participants).

What changed between DOL Form 5500 filings

plan year 2023 → 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 →

Plan-year Form 5500 strip

Filing strip 480531200 · Mgpi Processing, Inc. PY 2024 · 401(k)

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan · $58M · 390 · 86th

  • RANK $58M
  • RANK 390
  • RANK 86th
  • RANK 401(k)
  • RANK near Thumbtack, Inc 401(k) Plan
  • RANK ind #14181

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 Kansas →

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan in the asset neighbourhood

David Clark 401(k) Plan$58MMgp Ingredients Non-Union 401(k) & Profit Sharing PlanMgp Ingredients Non-Union 40…$58MThumbtack, Inc 401(k) Plan$58MNorthtown Automotive Companies, Inc. 401(k) PlanNorthtown Automotive Compani…$58MUrm 401(k) Plan$58M
End-of-year total assets ($M) among Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan and nearest nationwide 401(k) peers. Source: DOL Form 5500 plan year 2024.

Scale-class filing particulars (2024)

Total Assets (Beginning of Year)$52M
Net Assets (End of Year)$58M
Net Income$6M
Employer EIN480531200
Plan Effective Date1997-07-01
Filing StatusFILING RECEIVED

Sponsor Plan History (Mgpi Processing, Inc.)

Sponsor-wide plan assets over time

All Mgpi Processing, Inc. plans reported in each filing year

Latest sponsor-wide plan assets
$73M 28.116831250670494% vs 2022
2024 filing year
$55M$60M$65M$70M$75M 202220232024 $57.1M $73.1M ▲ +28.1%
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 Scatter plot of 6 data points. -5000050001000015000 -1012345 Total assets ($B) Participants Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan, Total assets ($B): 0.058352175 · Participants: 390Mgp Ingredients Non-Union 401(k) & Profit Sharing PlanKoch Employees' Savings Plan, Total assets ($B): 4.337744163 · Participants: 11423Koch Employees' Savings PlanPerformance Contracting Group, Inc. ESOP/401(k) Plan, Total assets ($B): 3.582245863 · Participants: 1315Performance Contracting Group, Inc. ESOP/401(k) PlanBlack & Veatch Retirement Program, Total assets ($B): 3.040446983 · Participants: 7438Black & Veatch Retirement ProgramGarmin International, Inc. Retirement Plan, Total assets ($B): 2.173466604 · Participants: 7082Garmin International, Inc. Retirement PlanSpirit Aerosystems Holdings, Inc. Retirement & Savings Plan, Total assets ($B): 1.224530411 · Participants: 7736Spirit Aerosystems Holdings, Inc. Retirement & Savings Plan
Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan vs. nearby 401(k) plans in Kansas, assets vs. participants
Compare Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan side-by-side with 3 peers →

Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan's out-of-state 401(k) peers by assets and headcount

Outside Kansas, the nearest 401(k) by assets is Thumbtack, Inc 401(k) Plan in CA ($58M); by covered participants it is Foreflight LLC 401(k) Profit Sharing Plan and Trust in TX (390 participants). Same-state nearby plans are listed separately above.

Closest by plan assets

Nearest other-state filings by tot_assets_eoy ($58M here).

Similar participant headcount

Nearest other-state filings by covered participants (390 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 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).
Which 401(k) plans cover a similar participant headcount to Mgp Ingredients Non-Union 401(k) & Profit Sharing Plan? ▼
Among 401(k) plans in other states, the closest by covered participants is Foreflight LLC 401(k) Profit Sharing Plan and Trust in TX (390 participants, $42M 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 480531200.

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.