Morgan Engineering Systems 401(k) match, vesting and fees
What Morgan Engineering Systems' 401(k) plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Schwab Retirement Plan Services,inc | Schedule C ↗ |
| Independent auditor | 415 Group (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 8,908 defined-contribution plans in manufacturing with 100 to 499 participants.
| Morgan Engineering Systems: employer contribution per participant | $2,982 | |
| Peer median | $1,847 |
| Morgan Engineering Systems: average balance | $87,259 | |
| Peer median | $65,512 |
| Morgan Engineering Systems: admin expenses ÷ assets | 0.51% | |
| Peer median | 0.32% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $10.3M at the end of plan year 2021 to $14.5M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 251 | $14.5M | $495K | $2,982 | 0.51% | Not published | Form 5500 ↗ |
| 2023 | 221 | $12.2M | $421K | $2,985 | 0.42% | Not published | Form 5500 ↗ |
| 2022 | 173 | $8.9M | $373K | $3,086 | 0.39% | Not published | Form 5500 ↗ |
| 2021 | 163 | $10.3M | $314K | $2,664 | 0.54% | Not published | Form 5500 ↗ |
Common questions
Does Morgan Engineering Systems match 401(k) contributions?
The match terms for the Morgan Engineering Systems, Inc. 401(k) Plan have not been published from its filing yet. The plan year 2024 filing reports $495K in employer contributions, about $2,982 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Morgan Engineering Systems 401(k) match vested?
The vesting schedule for the Morgan Engineering Systems, Inc. 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Morgan Engineering Systems 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Schwab Retirement Plan Services,inc. The plan administrator is Morgan Engineering Systems, Inc..
I left Morgan Engineering Systems. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Morgan Engineering Systems, Inc., (330) 823-6130) or the recordkeeper, Schwab Retirement Plan Services,inc. The Morgan Engineering Systems old 401(k) page lists the contacts from every plan filing. Find an old Morgan Engineering Systems 401(k)
Data from the public Form 5500 annual reports Morgan Engineering Systems filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Morgan Engineering Systems. Not financial advice. Report a correction · Methodology