Plan Snapshot
- Plan Sponsor: Morgan Asphalt, INC.
- Sponsor EIN: 870556185
- Sponsor Address: 7620 WEST HIGHWAY 201, MAGNA, UT, 84044
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $5.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 169 | $5.1M | $261,362 | $327,687 |
| 2023 | 173 | $4.4M | $262,033 | $332,076 |
| 2022 | 178 | $4.1M | $287,443 | $366,771 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADAMS AND PETERSON | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $26,355 | $20,689 | — | — | — |
| 2023 | $24,535 | $18,246 | — | — | — |
| 2022 | $11,870 | — | $11,870 | — | — |