Plan Snapshot
- Plan Sponsor: Morinaga America Foods, INC.
- Sponsor EIN: 463867342
- Sponsor Address: 4391 WILSON ROAD, MEBANE, NC, 273029832
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 242
- Total Assets: $6.5M
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. |
|---|---|---|---|---|
| 2025 | 242 | $6.5M | $0 | $0 |
| 2024 | 262 | $5.0M | $398,652 | $763,944 |
| 2023 | 258 | $4.0M | $361,581 | $810,338 |
| 2022 | 250 | $2.5M | $298,983 | $610,586 |
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 |
|---|---|---|---|---|
| KIMBERLIN COMPANY, PLLC | 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 |
|---|---|---|---|---|---|
| 2025 | $702,866 | $5,740 | $2,700 | — | — |
| 2024 | $12,718 | $4,593 | $3,750 | — | — |
| 2023 | $8,454 | $3,279 | $2,225 | — | — |
| 2022 | $4,803 | $2,228 | $775 | — | — |