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MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 401k Plan overview

Plan NameMORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN
Plan identification number 003

MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Profit-sharing
  • ERISA section 404(c) Plan - This plan, or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1.
  • Total participant-directed account plan - Participants have the opportunity to direct the investment of all the assets allocated to their individual accounts, regardless of whether 29 CFR 2550.404c-1 is intended to be met.
  • Code section 401(k) feature - A cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan that provides for an election by employees to defer part of their compensation or receive these amounts in cash.
  • Code section 401(m) arrangement - Employee contributions are allocated to separate accounts under the plan or employer contributions are based, in whole or in part, on employee deferrals or contribtions to the plan. Not applicable if plan is 401(k) plan with only QNECs and/or QMACs. Also not applicable if Code section 403(b)(1), 403(b)(7) or 408 arrangements/accounts/annuities.
  • Plan provides for automatic enrollment in plan that has employee contributions deducted from payroll.
  • Total or partial participant-directed account plan - plan uses default investment account for participants who fail to direct assets in their account.
  • Master plan - A pension plan that is made available by a sponsor for adoption by employers; that is the subject of a favorable opinion letter; and for which a single funding medium (for example, a trust or custodial account) is established for the joint use of all adopting employers.
  • Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b), (c), or (m)).

401k Sponsoring company profile

MORGAN-WHITE GROUP, INC. has sponsored the creation of one or more 401k plans.

Company Name:MORGAN-WHITE GROUP, INC.
Employer identification number (EIN):640848633
NAIC Classification:524210
NAIC Description:Insurance Agencies and Brokerages

Additional information about MORGAN-WHITE GROUP, INC.

Jurisdiction of Incorporation: Texas Secretary of State
Incorporation Date: 2013-12-16
Company Identification Number: 0801903142
Legal Registered Office Address: PO BOX 14067

JACKSON
United States of America (USA)
39236

More information about MORGAN-WHITE GROUP, INC.

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0032023-01-01RICHARD L. EATON2024-10-06 RICHARD L. EATON2024-10-06
0032022-01-01RICHARD L. EATON2023-10-09 RICHARD L. EATON2023-10-09
0032021-01-01RICHARD L. EATON2022-10-09 RICHARD L. EATON2022-10-09
0032020-01-01RICHARD L. EATON2021-11-24 RICHARD L. EATON2021-11-24

Plan Statistics for MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN

401k plan membership statisitcs for MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2023 401k membership
Total participants, beginning-of-year2023-01-01340
Total number of active participants reported on line 7a of the Form 55002023-01-01299
Number of retired or separated participants receiving benefits2023-01-0113
Number of other retired or separated participants entitled to future benefits2023-01-0136
Total of all active and inactive participants2023-01-01348
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2023-01-010
Total participants2023-01-01348
Number of participants with account balances2023-01-01311
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2023-01-010
2022: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-01304
Total number of active participants reported on line 7a of the Form 55002022-01-01280
Number of retired or separated participants receiving benefits2022-01-016
Number of other retired or separated participants entitled to future benefits2022-01-0151
Total of all active and inactive participants2022-01-01337
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-010
Total participants2022-01-01337
Number of participants with account balances2022-01-01308
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-010
2021: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-01281
Total number of active participants reported on line 7a of the Form 55002021-01-01247
Number of retired or separated participants receiving benefits2021-01-016
Number of other retired or separated participants entitled to future benefits2021-01-0142
Total of all active and inactive participants2021-01-01295
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-01296
Number of participants with account balances2021-01-01277
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-010
2020: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2020 401k membership
Total participants, beginning-of-year2020-01-01256
Total number of active participants reported on line 7a of the Form 55002020-01-01249
Number of retired or separated participants receiving benefits2020-01-011
Number of other retired or separated participants entitled to future benefits2020-01-0127
Total of all active and inactive participants2020-01-01277
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2020-01-011
Total participants2020-01-01278
Number of participants with account balances2020-01-01258
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2020-01-010

Financial Data on MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN

Measure Date Value
2023 : MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2023 401k financial data
Total unrealized appreciation/depreciation of assets2023-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2023-12-31$0
Total income from all sources (including contributions)2023-12-31$4,460,335
Total loss/gain on sale of assets2023-12-31$0
Total of all expenses incurred2023-12-31$1,628,293
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2023-12-31$1,553,688
Total contributions o plan (from employers,participants, others, non cash contrinutions)2023-12-31$2,149,976
Value of total assets at end of year2023-12-31$17,323,323
Value of total assets at beginning of year2023-12-31$14,491,281
Total of administrative expenses incurred including professional, contract, advisory and management fees2023-12-31$74,605
Total interest from all sources2023-12-31$7,793
Total dividends received (eg from common stock, registered investment company shares)2023-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2023-12-31No
Was this plan covered by a fidelity bond2023-12-31Yes
Value of fidelity bond cover2023-12-31$700,000
If this is an individual account plan, was there a blackout period2023-12-31No
Were there any nonexempt tranactions with any party-in-interest2023-12-31No
Contributions received from participants2023-12-31$1,250,106
Participant contributions at end of year2023-12-31$131,701
Participant contributions at beginning of year2023-12-31$112,423
Income. Received or receivable in cash from other sources (including rollovers)2023-12-31$30,612
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Value of net income/loss2023-12-31$2,832,042
Value of net assets at end of year (total assets less liabilities)2023-12-31$17,323,323
Value of net assets at beginning of year (total assets less liabilities)2023-12-31$14,491,281
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2023-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2023-12-31No
Were any leases to which the plan was party in default or uncollectible2023-12-31No
Investment advisory and management fees2023-12-31$53,500
Value of interest in registered invesment companies (eg mutual funds) at end of year2023-12-31$15,985,646
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2023-12-31$13,591,066
Interest on participant loans2023-12-31$7,793
Value of interest in common/collective trusts at end of year2023-12-31$1,150,067
Value of interest in common/collective trusts at beginning of year2023-12-31$787,078
Net investment gain/loss from registered investment companies (e.g. mutual funds)2023-12-31$2,302,566
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2023-12-31No
Was there a failure to transmit to the plan any participant contributions2023-12-31No
Has the plan failed to provide any benefit when due under the plan2023-12-31No
Contributions received in cash from employer2023-12-31$869,258
Employer contributions (assets) at end of year2023-12-31$55,909
Employer contributions (assets) at beginning of year2023-12-31$714
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2023-12-31$1,553,688
Contract administrator fees2023-12-31$9,235
Did the plan have assets held for investment2023-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2023-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2023-12-31No
Opinion of an independent qualified public accountant for this plan2023-12-31Unqualified
Accountancy firm name2023-12-31CARR RIGGS & INGRAM
Accountancy firm EIN2023-12-31721396622
2022 : MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2022 401k financial data
Total unrealized appreciation/depreciation of assets2022-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2022-12-31$0
Total income from all sources (including contributions)2022-12-31$-665,672
Total loss/gain on sale of assets2022-12-31$0
Total of all expenses incurred2022-12-31$789,159
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2022-12-31$722,524
Total contributions o plan (from employers,participants, others, non cash contrinutions)2022-12-31$1,911,481
Value of total assets at end of year2022-12-31$14,491,281
Value of total assets at beginning of year2022-12-31$15,946,112
Total of administrative expenses incurred including professional, contract, advisory and management fees2022-12-31$66,635
Total interest from all sources2022-12-31$7,047
Total dividends received (eg from common stock, registered investment company shares)2022-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2022-12-31No
Was this plan covered by a fidelity bond2022-12-31Yes
Value of fidelity bond cover2022-12-31$700,000
If this is an individual account plan, was there a blackout period2022-12-31No
Were there any nonexempt tranactions with any party-in-interest2022-12-31No
Contributions received from participants2022-12-31$1,189,820
Participant contributions at end of year2022-12-31$112,423
Participant contributions at beginning of year2022-12-31$129,074
Participant contributions at beginning of year2022-12-31$-371
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Value of net income/loss2022-12-31$-1,454,831
Value of net assets at end of year (total assets less liabilities)2022-12-31$14,491,281
Value of net assets at beginning of year (total assets less liabilities)2022-12-31$15,946,112
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2022-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2022-12-31No
Were any leases to which the plan was party in default or uncollectible2022-12-31No
Investment advisory and management fees2022-12-31$50,859
Value of interest in registered invesment companies (eg mutual funds) at end of year2022-12-31$13,591,066
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2022-12-31$15,311,002
Interest on participant loans2022-12-31$7,045
Value of interest in common/collective trusts at end of year2022-12-31$787,078
Value of interest in common/collective trusts at beginning of year2022-12-31$506,586
Interest earned from interest bearing cash (including money market accounts and certificates of deposit)2022-12-31$2
Net investment gain/loss from registered investment companies (e.g. mutual funds)2022-12-31$-2,584,200
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2022-12-31No
Was there a failure to transmit to the plan any participant contributions2022-12-31No
Has the plan failed to provide any benefit when due under the plan2022-12-31No
Contributions received in cash from employer2022-12-31$721,661
Employer contributions (assets) at end of year2022-12-31$714
Employer contributions (assets) at beginning of year2022-12-31$-179
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2022-12-31$722,524
Contract administrator fees2022-12-31$15,776
Did the plan have assets held for investment2022-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2022-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2022-12-31No
Opinion of an independent qualified public accountant for this plan2022-12-31Disclaimer
Accountancy firm name2022-12-31CARR RIGGS & INGRAM
Accountancy firm EIN2022-12-31721396622
2021 : MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2021 401k financial data
Total unrealized appreciation/depreciation of assets2021-12-31$0
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2021-12-31$0
Total income from all sources (including contributions)2021-12-31$3,315,038
Total loss/gain on sale of assets2021-12-31$0
Total of all expenses incurred2021-12-31$1,474,129
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2021-12-31$1,409,504
Total contributions o plan (from employers,participants, others, non cash contrinutions)2021-12-31$1,836,347
Value of total assets at end of year2021-12-31$15,946,112
Value of total assets at beginning of year2021-12-31$14,105,203
Total of administrative expenses incurred including professional, contract, advisory and management fees2021-12-31$64,625
Total interest from all sources2021-12-31$9,717
Total dividends received (eg from common stock, registered investment company shares)2021-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2021-12-31No
Was this plan covered by a fidelity bond2021-12-31Yes
Value of fidelity bond cover2021-12-31$700,000
If this is an individual account plan, was there a blackout period2021-12-31No
Were there any nonexempt tranactions with any party-in-interest2021-12-31No
Contributions received from participants2021-12-31$1,120,315
Participant contributions at end of year2021-12-31$129,074
Participant contributions at beginning of year2021-12-31$188,764
Participant contributions at end of year2021-12-31$-371
Income. Received or receivable in cash from other sources (including rollovers)2021-12-31$72,331
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Value of net income/loss2021-12-31$1,840,909
Value of net assets at end of year (total assets less liabilities)2021-12-31$15,946,112
Value of net assets at beginning of year (total assets less liabilities)2021-12-31$14,105,203
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2021-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2021-12-31No
Were any leases to which the plan was party in default or uncollectible2021-12-31No
Investment advisory and management fees2021-12-31$54,150
Value of interest in registered invesment companies (eg mutual funds) at end of year2021-12-31$15,311,002
Value of interest in registered invesment companies (eg mutual funds) at beginning of year2021-12-31$13,240,755
Interest on participant loans2021-12-31$9,717
Value of interest in common/collective trusts at end of year2021-12-31$506,586
Value of interest in common/collective trusts at beginning of year2021-12-31$675,684
Net investment gain/loss from registered investment companies (e.g. mutual funds)2021-12-31$1,468,974
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2021-12-31No
Was there a failure to transmit to the plan any participant contributions2021-12-31No
Has the plan failed to provide any benefit when due under the plan2021-12-31No
Contributions received in cash from employer2021-12-31$643,701
Employer contributions (assets) at end of year2021-12-31$-179
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2021-12-31$1,409,504
Contract administrator fees2021-12-31$10,475
Did the plan have assets held for investment2021-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2021-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2021-12-31No
Opinion of an independent qualified public accountant for this plan2021-12-31Disclaimer
Accountancy firm name2021-12-31CARR RIGGS & INGRAM
Accountancy firm EIN2021-12-31721396622
2020 : MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2020 401k financial data
Total unrealized appreciation/depreciation of assets2020-12-31$0
Total transfer of assets to this plan2020-12-31$12,525,524
Total liabilities at end of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total liabilities at beginning of year (benefit claims payable, operating payabales, acquisition indebtedness and other liabilities)2020-12-31$0
Total income from all sources (including contributions)2020-12-31$3,271,769
Total loss/gain on sale of assets2020-12-31$0
Total of all expenses incurred2020-12-31$1,692,090
Benefit payments and payments to participlants,beneficiaries,insurance carriers and others2020-12-31$1,635,935
Total contributions o plan (from employers,participants, others, non cash contrinutions)2020-12-31$1,796,941
Value of total assets at end of year2020-12-31$14,105,203
Value of total assets at beginning of year2020-12-31$0
Total of administrative expenses incurred including professional, contract, advisory and management fees2020-12-31$56,155
Total interest from all sources2020-12-31$15,238
Total dividends received (eg from common stock, registered investment company shares)2020-12-31$0
Has a resolution to terminate the plan been adopted during the plan year or any prior plan year2020-12-31No
Was this plan covered by a fidelity bond2020-12-31Yes
Value of fidelity bond cover2020-12-31$700,000
If this is an individual account plan, was there a blackout period2020-12-31No
Were there any nonexempt tranactions with any party-in-interest2020-12-31No
Contributions received from participants2020-12-31$1,004,344
Participant contributions at end of year2020-12-31$188,764
Income. Received or receivable in cash from other sources (including rollovers)2020-12-31$186,627
Did the receive any noncash contributions whose value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Value of net income/loss2020-12-31$1,579,679
Value of net assets at end of year (total assets less liabilities)2020-12-31$14,105,203
Value of net assets at beginning of year (total assets less liabilities)2020-12-31$0
Did the plan have a loss casued by fraud or dishonesty (regardless whether reimbursed by fidelity bond)2020-12-31No
Were any loans by the plan or fixed income obligations due to the plan in default2020-12-31No
Were any leases to which the plan was party in default or uncollectible2020-12-31No
Investment advisory and management fees2020-12-31$41,565
Value of interest in registered invesment companies (eg mutual funds) at end of year2020-12-31$13,240,755
Income. Interest from loans (other than to participants)2020-12-31$15,238
Value of interest in common/collective trusts at end of year2020-12-31$675,684
Net investment gain/loss from registered investment companies (e.g. mutual funds)2020-12-31$1,459,590
Were any plan transactions or series of transactions in excess of 5% of the current value of the plan assets2020-12-31No
Was there a failure to transmit to the plan any participant contributions2020-12-31No
Has the plan failed to provide any benefit when due under the plan2020-12-31No
Contributions received in cash from employer2020-12-31$605,970
Benefit payments and payments to provide benefits directly to participlants or beneficiaries including direct rollovers2020-12-31$1,635,935
Contract administrator fees2020-12-31$14,590
Did the plan have assets held for investment2020-12-31Yes
Did the plan hold any assets whose current value was neither redily determinable on an established market nor set by an independent third party appraiser2020-12-31No
Were all the plan assets eitehr distributed to particpants/beneficiaries, transferred to another plan or brought under the control of the PBGC2020-12-31No
Opinion of an independent qualified public accountant for this plan2020-12-31Disclaimer
Accountancy firm name2020-12-31CARR RIGGS & INGRAM
Accountancy firm EIN2020-12-31721396622

Form 5500 Responses for MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN

2023: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2023 form 5500 responses
2023-01-01Type of plan entitySingle employer plan
2023-01-01Submission has been amendedNo
2023-01-01This submission is the final filingNo
2023-01-01This return/report is a short plan year return/report (less than 12 months)No
2023-01-01Plan is a collectively bargained planNo
2023-01-01Plan funding arrangement – TrustYes
2023-01-01Plan benefit arrangement - TrustYes
2022: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes
2020: MORGAN WHITE GROUP, INC. 401(K) PROFIT SHARING PLAN 2020 form 5500 responses
2020-01-01Type of plan entitySingle employer plan
2020-01-01First time form 5500 has been submittedYes
2020-01-01Submission has been amendedNo
2020-01-01This submission is the final filingNo
2020-01-01This return/report is a short plan year return/report (less than 12 months)No
2020-01-01Plan is a collectively bargained planNo
2020-01-01Plan funding arrangement – TrustYes
2020-01-01Plan benefit arrangement - TrustYes

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