Plan Ledger DOL Form 5500 · updated monthly

Merative US L.P.401(k)

MERATIVE US L.P. 401(K) RETIREMENT PLAN · UNITED STATES, MI · plan year 2024

Reported admin expense ratio · 2024
0.08%

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

Merative US L.P. reported $77,306 in plan administrative expenses for 2024: 0.08% of average plan assets, below the peer median. Employer contributions averaged $4,954 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 0.01% to 0.08%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 242nd-largest of 2,619 plans among Michigan employers on file, and the 1,304th of 11,654 in professional & technical services. In 2024, employees put in $3.49 for every $1.00 the employer contributed; active participation has shrunk from 1,627 to 1,244 since 2022.

Plan summary
Net assets, end of year$117,568,559
Participants with balances1,567
Active participants1,244
Employer contributions$6,162,691
Employee contributions$21,484,959
Employer contribution per active participant$4,954
Average account balance$75,028
Benefits paid to participants$11,555,656
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$117.6M · 1,567 accts · $6.2M emplr
2023$82.7M · 1,646 accts · $18.0M emplr
2022$27.6M · 1,625 accts · $28K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,544
Investment management$14,840
Audit (IQPA)$11,629
Total administrative$77,306
The Merative US L.P. 401(k) match · 2024
Employer contribution per active participant$4,954
Median for plans this size$3,635
2024$4,954 per active participant
2023$13,742 per active participant
2022$17 per active participant

Merative US L.P.'s 2024 employer contribution ran above the $3,635 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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$25,544
USI ADVISORS · Consulting$25,293
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$14,840
MOSS ADAMS · Accounting / audit$11,629

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

Administrative cost history3
2024$77,306 · 0.08%
2023$22,495 · 0.04%
2022$2,134 · 0.01%
Same employer
Similar plansProfessional & Technical Services · Michigan
Logicalis, Inc. MI$125.3M · 0.35%
Van Andel Research Institute MI$115.3M · 0.19%
Atwell, LLC MI$110.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 881430661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.