Plan Ledger DOL Form 5500 · updated monthly

Adrian L. Merton, Incorporated401(k)

ADRIAN L. MERTON, INCORPORATED PROFIT SHARING PLAN · CAPITOL HEIGHTS, MD · plan year 2023

Reported admin expense ratio · 2023
0.41%

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

Adrian L. Merton, Incorporated reported $71,468 in plan administrative expenses for 2023: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,000 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 1 year on file its reported administrative ratio rose from 0.37% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other construction employers. By assets it is the 695th-largest of 1,671 plans among Maryland employers on file, and the 2,145th of 5,337 in construction. In 2023, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$18,511,151
Participants with balances170
Active participants106
Employer contributions$211,986
Employee contributions$449,859
Employer contribution per active participant$2,000
Average account balance$108,889
Benefits paid to participants$1,931,340
Plan auditUnmodified (clean) audit opinion
AuditorREGAN SCHICKNER & HARPER, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$18.5M · 170 accts · $212K emplr
2022$16.2M · 172 accts · $193K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$71,468
Total administrative$71,468
The Adrian L. Merton, Incorporated 401(k) match · 2023
Employer contribution per active participant$2,000
Median for plans this size$2,440
2023$2,000 per active participant
2022$1,806 per active participant

Adrian L. Merton, Incorporated's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
LINCOLN NATIONAL CORPORATION · Contract administrator$66,062
MAP RETIREMENT USA LLC · Contract administrator$5,406

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

Administrative cost history2
2023$71,468 · 0.41%
2022$59,243 · 0.37%
All plans at this employer2
ADRIAN L. MERTON, INCORPORATED PROFIT SHARING PLAN401(k)
ADRIAN L. MERTON, INCORPORATED DAVIS-BACON ACT RETIREMENT PLANProfit-sharing plan
Same employer
Similar plansConstruction · Maryland
P. Flanigan and Sons, Inc. MD$19.5M · 0.01%
Mona Electric Group, Inc. MD$19.0M · 0.38%
Orndorff & Spaid, Inc. MD$18.5M · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 520849036 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.