Plan Snapshot
- Plan Sponsor: Morton Buildings, INC.
- Sponsor EIN: 370347310
- Sponsor Address: 252 WEST ADAMS, MORTON, IL, 61550
- Plan Type: 401(k)
- Total Participants: 1,553
- Total Assets: $211.2M
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. |
|---|---|---|---|---|
| 2024 | 1,553 | $211.2M | $2.5M | $9.8M |
| 2023 | 1,658 | $203.3M | $2.3M | $8.7M |
| 2022 | 1,558 | $165.8M | $2.1M | $8.0M |
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 |
|---|---|---|---|---|
| VANGUARD GROUP INC. | NONE | $151,028 | — | $151,028 |
| FORVIS MAZARS, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FORVIS MAZARS, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $151,028
- Estimated Expense Ratio: 0.072% 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 | $143,278 | $143,278 | — | — | — |
| 2023 | $140,425 | — | — | — | — |
| 2022 | $143,181 | — | — | — | $143,181 |