Morrisette Packaging, Inc.401(k)
MORRISETTE PACKAGING, INC. PROFIT SHARING PLAN · GREENSBORO, NC · plan year 2024
Morrisette Packaging, Inc.'s 2024 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $42,289,758 across 262 participant accounts, with employer contributions averaging $4,169 per active participant. See methodology for what Form 5500 does and doesn't capture.
The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 431st-largest of 2,005 plans among North Carolina employers on file, and the 980th of 4,246 in wholesale trade. In 2024, employees put in $2.01 for every $1.00 the employer contributed.
Morrisette Packaging, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 560770162 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.