Plan Ledger DOL Form 5500 · updated monthly

Morton Investment Company LLC401(k)

MORTON SALT 401(K) SAVINGS PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.07%

Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works

Morton Investment Company LLC reported $239,576 in plan administrative expenses for 2024: 0.07% of average plan assets, below the peer median. Employer contributions averaged $4,347 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.073% to 0.069%. The plan sits in the $250M–$1B size bracket, benchmarked here against 2,883 comparable plans and shown alongside other mining, oil & gas extraction employers. By assets it is the 209th-largest of 3,702 plans among Illinois employers on file, and the 44th of 612 in mining, oil & gas extraction. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$356,467,723
Participants with balances2,690
Active participants1,845
Employer contributions$8,019,742
Employee contributions$13,669,981
Employer contribution per active participant$4,347
Average account balance$132,516
Benefits paid to participants$45,452,467
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$356.5M · 2,690 accts · $8.0M emplr
2023$336.5M · 3,177 accts · $8.1M emplr
2022$308.8M · 3,137 accts · $11.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$176,908
Total administrative$239,576
The Morton Investment Company LLC 401(k) match · 2024
Employer contribution per active participant$4,347
Median for plans this size$4,294
2024$4,347 per active participant
2023$4,388 per active participant
2022$5,784 per active participant

Morton Investment Company LLC's 2024 employer contribution ran above the $4,294 median for plans its size. 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.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
T ROWE PRICE RPS INC · Recordkeeping · Trustee$176,908
MMA SECURITIES · Consulting$60,000

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024T. Rowe Price
2023T. Rowe Price

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$239,576 · 0.07%
2023$228,323 · 0.07%
2022$251,022 · 0.07%
Same employer
Similar plansMining, Oil & Gas Extraction · Illinois
Continental Resources, Inc. OK$389.7M · 0.00%
Nabors Industries, Inc. TX$370.9M · 0.02%
Noble Services Company LLC TX$344.2M · 0.07%
Newmont USA Limited CO$341.3M · 0.09%
Imerys USA Inc. GA$309.8M · 0.11%
Equinor US Holdings Inc. CT$309.7M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 900475845 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.