Recordkeeping fees per participant
not reported
Not reported on this filing.
Employers › Morgans Foods
Morgans Foods 401(k)
- Accommodation and food services
- Richardson, TX
- EIN 34-0562210
- 1 plan with Schedule H financials
- Plan year 2024
- Morgans Foods Inc
- filed as Ampex Brands
Administrative expenses excluding investment management, per participant · Ampex Brands Retirement Savings Plan · plan year 2024
$50.08
Higher than 31% of the 14,713 plans $1 to 10M that report it.
Source
= $52,029 / 1,039
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015055511NAL0004175553001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015055511NAL0004175553001, received 2025-10-15
Percentiles compare this plan with the Schedule H plans $1 to 10M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-10-15.
Cost and contributions
Administrative expenses per participant
$50.08
Higher than 22% of the 15,210 plans $1 to 10M that report it.
Source
= $52,029 / 1,039
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015055511NAL0004175553001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015055511NAL0004175553001, received 2025-10-15
Administrative expenses as a share of assets
0.672%
Higher than 65% of the 15,243 plans $1 to 10M that report it.
Source
= $52,029 / $7,739,438
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015055511NAL0004175553001, received 2025-10-15
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015055511NAL0004175553001, received 2025-10-15
Employer contributions per participant
$38
Higher than 2% of the 13,342 plans $1 to 10M that report it.
Source
= $39,509 / 1,039
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015055511NAL0004175553001, received 2025-10-15
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015055511NAL0004175553001, received 2025-10-15
Employer share of total contributions
6.3%
Higher than 4% of the 13,370 plans $1 to 10M that report it.
Source
= $39,509 / $631,598
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015055511NAL0004175553001, received 2025-10-15
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015055511NAL0004175553001, received 2025-10-15
Plan terms, as stated in Morgans Foods Inc's SEC filings
Plan terms are described in Morgans Foods Inc's SEC filings: Form 11-K filed 2002-11-12 and Form 10-K filed 2013-06-03. No term could be quoted from them with the required precision.
Plan features
2E profit-sharing · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · 2T default investment (QDIA) · 3D IRS pre-approved plan · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20251015055511NAL0004175553001, received 2025-10-15
Full record, Ampex Brands Retirement Savings Plan
| Field | Value | Source |
|---|---|---|
| Plan sponsor | AMPEX BRANDS | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Plan name | AMPEX BRANDS RETIREMENT SAVINGS PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Sponsor EIN / plan number | 34-0562210 / 003 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Plan type | multiple-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Sponsor location | RICHARDSON, TX | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Industry (business code) | 722513, Accommodation and food services | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Filing received | 2025-10-15 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Participants, beginning of year | 18,197 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Active participants | 4,597 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Participants, end of year | 5,435 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Participants with an account balance | 1,039 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total assets, beginning of year | $8,601,546 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total assets, end of year | $7,739,438 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Net assets, end of year | $7,739,438 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total income | $1,560,680 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Net income | $-862,108 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Employer contributions | $39,509 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Participant contributions | $592,089 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total contributions | $631,598 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Benefit payments | $2,370,759 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total expenses (incl. benefit payments) | $2,422,788 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Total administrative expenses | $52,029 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Administrative expenses excluding investment management | $52,029 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20251015055511NAL0004175553001, received 2025-10-15 |
| Held in mutual funds | $7,432,456 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20251015055511NAL0004175553001, received 2025-10-15 |
Position = column in the DOL layout for form year 2024. Filing 20251015055511NAL0004175553001, received 2025-10-15.
Service providers paid directly by the plan
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| VOYA RETIREMENT ADVISORS | INVESTMENT ADVISORY (PART | 26 Investment advisory (participants) | $2,844 | no |
| MORNINGSTAR | SERVICE PROVIDER | 27 Investment advisory (plan) | $0 | yes |
| WORLD INVESTMENT ADVISORS, LLC | SERVICE PROVIDER | 99 Other fees | $0 | yes |
| FARMERS TRUST CO DBA NATIONAL ASSOC | THIRD PARTY ADMINISTRATOR | 49 Other services | not reported | yes |
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | 26 Investment advisory (participants) | not reported | yes |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20251015055511NAL0004175553001, received 2025-10-15.
What changed since the 2023 plan year
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $8,601,546 | $7,739,438 | -10.0% |
| Participants with a balance | 1,082 | 1,039 | -4.0% |
| Administrative expenses | $55,551 | $52,029 | -6.3% |
| Recordkeeping fees per participant | not reported | not reported | |
| Employer contributions | $246,999 | $39,509 | -84.0% |
Prior filing 20241007074538NAL0031203810001, received 2024-10-07; the plan years are contiguous.
Alerts, claims and corrections
Sponsor name as filed: AMPEX BRANDS; SEC registrant: MORGANS FOODS INC (CIK 68145, matched by EIN).