Morton Investment 401(k) match, vesting and fees
What Morton Investment's 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 | T Rowe Price Rps Inc | Schedule C ↗ |
| Independent auditor | Whitley Penn LLP (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
How the plan compares
Plan year 2024 medians for 89 defined-contribution plans in mining, quarrying, and oil and gas extraction with 1,000 to 4,999 participants.
| Morton Investment: employer contribution per participant | $2,981 | |
| Peer median | $4,558 |
| Morton Investment: average balance | $132,516 | |
| Peer median | $124,843 |
| Morton Investment: admin expenses ÷ assets | 0.07% | |
| Peer median | 0.07% |
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 $376M at the end of plan year 2021 to $356M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 2,815 | $356M | $8M | $2,981 | 0.07% | Not published | Form 5500 ↗ |
| 2023 | 3,278 | $336M | $8.1M | $2,540 | 0.07% | Not published | Form 5500 ↗ |
| 2022 | 3,291 | $309M | $11M | $3,496 | 0.07% | Not published | Form 5500 ↗ |
| 2021 | 2,834 | $376M | $15.4M | $5,571 | 0.07% | Not published | Form 5500 ↗ |
Common questions
Does Morton Investment match 401(k) contributions?
The match terms for the Morton Salt 401(k) Savings Plan have not been published from its filing yet. The plan year 2024 filing reports $8M in employer contributions, about $2,981 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Morton Investment 401(k) match vested?
The vesting schedule for the Morton Salt 401(k) Savings Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Morton Investment 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is T Rowe Price Rps Inc. The plan administrator is Morton Salt Benefits Committee.
I left Morton Investment. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Morton Salt Benefits Committee, (312) 807-2000) or the recordkeeper, T Rowe Price Rps Inc. The Morton Investment old 401(k) page lists the contacts from every plan filing. Find an old Morton Investment 401(k)
Data from the public Form 5500 annual reports Morton Investment 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 Morton Investment. Not financial advice. Report a correction · Methodology