Plan Snapshot
- Plan Sponsor: Morganite Industries INC.
- Sponsor EIN: 561268548
- Sponsor Address: 4000 WEST CHASE BLVD., SUITE 170, RALEIGH, NC, 27607
- Plan Type: 401(k)
- Total Participants: 2,315
- Total Assets: $289.8M
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 | 2,315 | $289.8M | $9.6M | $11.5M |
| 2023 | 2,317 | $266.0M | $9.2M | $10.9M |
| 2022 | 2,163 | $242.6M | $8.7M | $9.9M |
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 |
|---|---|---|---|---|
| CLIFTONLARSONALLEN LLP | Auditor | $9,345 | — | $9,345 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CLIFTONLARSONALLEN LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $9,345
- Estimated Expense Ratio: 0.003% 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 | $497,852 | $161,723 | $326,784 | $9,345 | — |
| 2023 | $442,349 | $103,091 | $328,159 | $11,099 | — |
| 2022 | $377,845 | $63,756 | $314,089 | — | — |