# Morgan Asphalt, INC. 401(k) Plan
Source: https://planprovider.pro/companies/morgan-asphalt-inc-401k-plan

> Morgan Asphalt, INC.'s 401(k) plan: 169 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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|—|—|

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