Department of Labor filing

MORTON GROVE PHARMACEUTICAL, INC

MORTON GROVE PHARMACEUTICAL, INC. 401(K) PLAN · For the plan year ended Dec 31, 2023

Public filing 2023 · received Apr 11, 2025Verified current terms Not available

Plan at a glance

How good does the filing look?

24filing comparison
out of 100

The filing trails many comparable plans on reported employer support and/or plan-paid administrative costs. This is a filing comparison, not a complete benefits score.

$Employer support

$340

Reported employer contributions per active participant.

Higher than about 3% of comparable plans

#People in the filing

198

Active participants reported for 2023.

The filing does not say how many employees are currently contributing.

¢Visible plan-paid fees

$60 / participant

Reported administrative expense—not every fee an employee may pay.

Lower cost than about 72% of comparable plans

↗Investment performance

Not available

Plan assets changed -2.0%, but that includes contributions, withdrawals, and market movement.

Asset change is not investment performance.

What we still need to judge the benefit

Current match formula, vesting, eligibility, investment choices, fund expense ratios, and employee-level fees.

See missing terms ↓

Filing comparison · 202324out of 100 among similar-size plans in the same industry when enough peers exist

How this filing compares

Reported employer contributions3rd percentileTypical peer $3,265 · based on 508 comparable plans

Lower reported administrative expense72nd percentileTypical peer $131 · based on 501 comparable plans

This comparison uses historical filing figures. It does not compare current match formulas, vesting, investments, or employee fees.

The short version

What the latest filing tells us

For the plan year ended Dec 31, 2023, MORTON GROVE PHARMACEUTICAL, INC reported $67,415 in employer contributions across the plan and 198 active participants. That works out to $340 per active participant. It is useful context, but it is not the current match formula and it does not show what any one employee received.

Participation proxy96%

Active participants divided by all end-of-year plan participants. This is not the company participation rate because the filing does not report every eligible employee.

Employer money trendDown 97.6%

Change in reported employer contribution per active participant across the filing history shown.

Expense trendDown 64.2%

Change in reported administrative expense per participant. Investment expenses may not be included.

Peer context24/100

A filing comparison among similar-size plans in the same industry when enough peers exist.

Where the public filing stops

Current match, vesting, eligibility, employee fees, and investment choices require a dated plan document. Until we have one, those details stay blank.

Latest financial record

Contributions, assets, and expenses

These figures are reported totals for the plan—not individual account balances or promises to any employee.

Employer contributions: $67,415
Participant contributions: $147,635
Other contributions: Not reported
Employer share of reported contributions: 31.3%
Beginning assets: $12,246,705
Ending assets: $12,004,227
Ending net assets: $11,948,359
Ending liabilities: $55,868
Total income: $2,061,197
Total expenses: $2,359,543
Administrative expenses: $12,569
Participant loans: $12,764

Three-year filing history

How the reported figures changed

Each chart uses its own scale and starts at zero. When the filing has no value, the chart says so rather than turning it into a zero.

Employer contributions reported per active participant

2022

$14,083

2023

$340

Plan-paid administrative expenses per participant

2022

$167

2023

$60

Active participants

2022

2023

198

Detailed filing history
Plan year	Per active participant	Active participants	Plan assets	Filing ID
2023	$340	198	12M	20250411151412NAL0012725907001
2022	$14,083	23	12.2M	20231014094915NAL0022947491001

Changes in plan assets are not the same as investment performance. Each row uses the selected public filing for that year.

Plan operations

Details worth knowing

Participant loans as a share of plan assets: 0.1%
Independent accountant’s opinion: Unqualified opinion Code 1
Late participant contributions reported: Not stated in the filing
Public plan identifier: 364049160-001

Reported plan details

Identity and filing status

Plan type: Retirement plan
Employer arrangement: Single-employer plan
Plan effective date: Jan 1, 1994
Industry: Industry group 325
Amended filing: No
Final filing for this plan: No
Short plan year: No
401(k) feature reported: Yes
Show DOL characteristic codes
2E2F2G2J2K2S2T3D

Reported service providers

Organizations named in the latest filing

The public dataset does not always identify a provider’s exact role. Compensation stays blank when it was not separately reported.

Provider	Plan year	Direct compensation	Indirect compensation
ALLIANCEBERNSTEIN L.P.	2023	Not reported	unknown
ALLSPRING GLOBAL INVESTMENTS	2023	Not reported	unknown
AMERICAN FUNDS DISTRIBUTORS, INC.	2023	Not reported	unknown
CALAMOS ADVISORS LLC	2023	Not reported	unknown
COHEN & STEERS CAPITAL MANAGEMENT	2023	Not reported	unknown
EATON VANCE DISTRIBUTORS, INC.	2023	Not reported	unknown
FRED ALGER & COMPANY, INCORPORATED	2023	Not reported	unknown
INVESCO	2023	Not reported	unknown
J.P. MORGAN INVESTMENT MANAGEMENT	2023	Not reported	unknown
LORD ABBETT DISTRIBUTOR, LLC	2023	Not reported	unknown
MFS FUND DISTRIBUTORS, INC.	2023	Not reported	unknown
PRUDENTIAL INVESTMENTS LLC	2023	Not reported	unknown
VANGUARD	2023	Not reported	unknown

Current plan terms

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Filing ACK_ID20250411151412NAL0012725907001

Data sourceDOL Form 5500 bulk data ↗

Filing searchEFAST2 ↗