Morgan Foods, Inc. 401(k) Plan: Login, Facts & Contact Information

Morgan Foods, Inc. 401(k) Plan Facts

Plan name
MORGAN FOODS, INC. EMPLOYEES PROFIT SHARING PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MORGAN FOODS, INC.
Participants
266 (211 active employees)
Former employees with a balance
32
Plan assets
$42,242,937 at Dec 31, 2024
Average account balance
$179,757 across 235 accounts
Employer contributions
$1,832,653 in plan year 2024 (58% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jul 1, 1983
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2024 (Jan 1, 2024 – Dec 31, 2024), filed Oct 13, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $3.16 million went into the plan in contributions, $1.83 million of it from the employer (58%).
  • $5.03 million was paid out to participants.
  • Investment and other income added $5.83 million.
  • Administrative expenses were $93,268, about $397 per account.

How the Morgan Foods, Inc. 401(k) changed, 2019–2024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019254$30.2 million$1.51 million$4.26 million
2020278$36.1 million$1.68 million$2.89 million
2021290$41.1 million$560,997$1.48 million
2022297$33.1 million$1.54 million$3.37 million
2023257$38.4 million$1.94 million$3.63 million
2024266$42.2 million$1.83 million$5.03 million

Morgan Foods, Inc. 401(k) Contact Information

Phone
812-794-1225
Mailing address
90 W MORGAN ST, AUSTIN IN 471021741
Plan sponsor
MORGAN FOODS, INC.
Employer identification number (EIN)
35-0852905
Plan number
003

Questions about the Morgan Foods, Inc. 401(k)

Does Morgan Foods, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $1.83 million, 58% of all contributions.

Does the Morgan Foods, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Morgan Foods, Inc 401(k) plan?

266 participants at the start of plan year 2024, 211 of them active employees, and 32 former employees who still had money in the plan.

What is the average 401(k) balance at Morgan Foods, Inc?

About $179,757 per account: $42.2 million in plan assets across 235 accounts with a balance at the end of plan year 2024.

Who manages the Morgan Foods, Inc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Morgan Foods, Inc. How do I access my 401(k)?

Your account stays with Principal after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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