Plan Ledger DOL Form 5500 · updated monthly

Gary Merlino Construction Company, Inc.401(k)

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Gary Merlino Construction Company, Inc. reported $79,762 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $2,788 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 rose from 0.10% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is the 406th-largest of 1,714 plans among Washington employers on file, and the 1,183rd of 5,337 in construction. In 2024, employees put in $1.13 for every $1.00 the employer contributed; active participation has shrunk from 471 to 395 since 2022.

Plan summary
Net assets, end of year$42,566,385
Participants with balances258
Active participants395
Employer contributions$1,101,106
Employee contributions$1,243,009
Employer contribution per active participant$2,788
Average account balance$164,986
Benefits paid to participants$4,937,580
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$42.6M · 258 accts · $1.1M emplr
2023$40.4M · 264 accts · $975K emplr
2022$35.9M · 253 accts · $902K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,262
Investment management$47,500
Total administrative$79,762
The Gary Merlino Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,788
Median for plans this size$2,416
2024$2,788 per active participant
2023$2,274 per active participant
2022$1,916 per active participant

Gary Merlino Construction Company, Inc.'s 2024 employer contribution ran above the $2,416 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
NORTHWEST PLAN SERVICES · Recordkeeping · Pension consulting$32,262
RBC WEALTH MANAGEMENT · Investment advisory (participants) · Investment advisory (plan)$47,500

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

Recordkeeper by year2
2024NWPS
2023NWPS

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Administrative cost history3
2024$79,762 · 0.19%
2023$85,435 · 0.22%
2022$37,693 · 0.10%
Same employer
Similar plansConstruction · Washington
Lydig Construction, Inc. WA$54.2M · 0.25%
Tapani, Inc. WA$47.6M · 0.58%
Cochran, Inc. WA$39.7M · 0.34%
Prime Group LLC WA$36.4M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911296882 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.