# Morganite Industries, INC. DB Plan
Source: https://planprovider.pro/companies/morganite-industries-inc-plan-001

> Morganite Industries, INC.'s DB plan: 278 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** Morganite Industries, INC.

- **Sponsor EIN:** 561268548

- **Sponsor Address:** 4000 WESTCHASE BOULEVARD, RALEIGH, NC, 27607

- **Plan Type:** DB

- **Total Participants:** 278

- **Total Assets:** $127.0M

## Key Plan Design Features

- **Auto-Enrollment:** No

- **Auto-Escalation:** No

- **Allows Roth Contributions:** No

- **Participant Loans:** No

- **Participant-Directed Investments:** No

- **ERISA Section 404(c) Fiduciary Safe Harbor:** No

## Plan Financials by Year

| Year|Participants|Total Assets|Employer Contrib.|Employee Contrib.|

| 2024|278|$127.0M|$0|$0|

| 2023|317|$135.9M|$0|$0|

| 2022|362|$136.5M|$0|$0|

## 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|—|—|$0|

### Verified Provider Profiles

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

- [CLIFTONLARSONALLEN LLP](https://planprovider.pro/provider/cliftonlarsonallen-llp) — Auditor

## 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|$444,700|$314,983|$129,717|—|—|

| 2023|$516,671|$350,029|$128,994|—|—|

| 2022|$505,760|$388,568|$117,192|—|—|

## Similar Plans

- [Record North America](https://planprovider.pro/companies/record-north-america-401k-plan) — 108 participants

- [Troxler Electronic Laboratories, INC.](https://planprovider.pro/companies/troxler-electronic-laboratories-inc-401k-plan) — 107 participants

- [Carolina Products, INC.](https://planprovider.pro/companies/carolina-products-inc-plan) — 65 participants

- [Dixie Electric Controls, INC.](https://planprovider.pro/companies/dixie-electric-controls-inc-plan) — 11 participants

- [Morganite Industries INC.](https://planprovider.pro/companies/morganite-industries-inc-401k-plan) — 2,315 participants

[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/morganite-industries-inc-plan-001)

© 2026 PlanProvider.Pro