Morgan Foods 401(k) match, vesting and fees
What Morgan Foods' 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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Katz, Sapper & Miller, LLP (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 Foods: employer contribution per participant | $795 | |
| Peer median | $1,847 |
| Morgan Foods: average balance | $30,475 | |
| Peer median | $65,512 |
| Morgan Foods: admin expenses ÷ assets | 0.43% | |
| 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 $10M at the end of plan year 2021 to $12.1M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 617 | $12.1M | $315K | $795 | 0.43% | Not published | Form 5500 ↗ |
| 2023 | 670 | $10.6M | $334K | $708 | 0.35% | Not published | Form 5500 ↗ |
| 2022 | 711 | $8.9M | $332K | $707 | 0.23% | Not published | Form 5500 ↗ |
| 2021 | 722 | $10M | $375K | $692 | 0.08% | Not published | Form 5500 ↗ |
Other Morgan Foods plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Morgan Foods, Inc. Employees Profit Sharing Plan
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 | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Katz, Sapper & Miller, LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
Common questions
Does Morgan Foods match 401(k) contributions?
The match terms for the Morgan Foods Retiree Medical 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $315K in employer contributions, about $795 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Morgan Foods 401(k) match vested?
The vesting schedule for the Morgan Foods Retiree Medical 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Morgan Foods 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Morgan Foods, Inc..
I left Morgan Foods. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Morgan Foods, Inc., (812) 794-1225) or the recordkeeper, Principal Life Insurance Company. The Morgan Foods old 401(k) page lists the contacts from every plan filing. Find an old Morgan Foods 401(k)
Data from the public Form 5500 annual reports Morgan Foods 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 Foods. Not financial advice. Report a correction · Methodology