# Morgan Corp 401(k) Plan
Source: https://planprovider.pro/companies/morgan-corp-401k-plan

> Morgan Corp's 401(k) plan: 612 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Morgan Corp

- **Sponsor EIN:** 570523479

- **Sponsor Address:** 1800 E MAIN ST, DUNCAN, SC, 293349785

- **Plan Type:** 401(k)

- **Total Participants:** 612

- **Total Assets:** $28.5M

## Key Plan Design Features

- **Auto-Enrollment:** Yes

- **Auto-Escalation:** No

- **Allows Roth Contributions:** Yes

- **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|612|$28.5M|$809,772|$3.1M|

| 2023|550|$24.5M|$1.2M|$2.8M|

| 2022|562|$19.7M|$1.1M|$2.6M|

## 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|

| PRINCIPAL LIFE INSURANCE COMPANY|CONTRACT ADMINISTRATOR|$21,481|—|$21,481|

| PRINCIPAL SECURITIES, INC|OTHER SERVICES|—|$6,229|$6,229|

| FORVIS MAZARS|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [FORVIS MAZARS](https://planprovider.pro/provider/forvis-mazars-llp) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $27,710

- **Estimated Expense Ratio:** 0.097% of plan assets

### 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|$21,482|—|$21,482|—|—|

| 2023|$17,490|—|$17,490|—|—|

| 2022|$15,448|—|$15,448|—|—|

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