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

> Morgan Distributing, INC.'s 401(k) plan: 122 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Morgan Distributing, INC.

- **Sponsor EIN:** 371004314

- **Sponsor Address:** 3425 NORTH 22ND STREET, DECATUR, IL, 62526

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

- **Total Participants:** 122

- **Total Assets:** $14.8M

## 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|122|$14.8M|$448,168|$572,084|

| 2023|114|$14.3M|$422,211|$529,994|

| 2022|116|$12.7M|$393,108|$521,615|

## 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|

| LINCOLN NATIONAL CORPORATION|SERVICE PROVIDER|$41,035|—|$41,035|

| MCK CPAS & ADVISORS|AUDITOR|$25,500|—|$25,500|

| RAYMOND JAMES FINANCIAL SERVICES|INVESTMENT ADVISOR|$17,500|—|$17,500|

### Verified Provider Profiles

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

- [LINCOLN NATIONAL CORPORATION](https://planprovider.pro/provider/lincoln-financial-group) — SERVICE PROVIDER

- [MCK CPAS & ADVISORS](https://planprovider.pro/provider/mck-cpas-and-advisors) — AUDITOR

- [RAYMOND JAMES FINANCIAL SERVICES](https://planprovider.pro/provider/john-hancock) — INVESTMENT ADVISOR

## Plan Fees & Expenses

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

- **Total Service Provider Fees:** $84,035

- **Estimated Expense Ratio:** 0.568% 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|$84,035|$17,500|$41,035|$25,500|—|

| 2023|$27,628|$13,734|$13,894|—|—|

| 2022|$17,784|—|$17,784|—|—|

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