Plan Ledger DOL Form 5500 · updated monthly

Merchant Esolutions, Inc.401(k)

MERCHANT ESOLUTIONS, INC. 401(K) PROFIT SHARING PLAN AND TRUST · ALPHARETTA, GA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Merchant Esolutions, Inc. reported $91,298 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,594 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 0.27% to 0.47%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 869th-largest of 2,160 plans among Georgia employers on file, and 3,069th of 4,798 in finance & insurance. In 2024, employees put in $2.28 for every $1.00 the employer contributed; active participation has shrunk from 227 to 130 since 2022.

Plan summary
Net assets, end of year$19,919,061
Participants with balances258
Active participants130
Employer contributions$597,158
Employee contributions$1,359,107
Employer contribution per active participant$4,594
Average account balance$77,206
Benefits paid to participants$3,526,981
Plan auditUnmodified (clean) audit opinion
AuditorAPRIO LLP
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 258 accts · $597K emplr
2023$19.2M · 307 accts · $945K emplr
2022$15.6M · 306 accts · $948K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$91,298
Total administrative$91,298
The Merchant Esolutions, Inc. 401(k) match · 2024
Employer contribution per active participant$4,594
Median for plans this size$2,416
2024$4,594 per active participant
2023$4,147 per active participant
2022$4,177 per active participant

Merchant Esolutions, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
LINCOLN NATIONAL CORPORATION · Contract administrator$72,298
APRIO, LLP · Accounting / audit$19,000

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$91,298 · 0.47%
2023$60,302 · 0.35%
2022$44,578 · 0.27%
Same employer
Similar plansFinance & Insurance · Georgia
Metro City Bank GA$24.0M · 0.19%
The Crown Capital Fund, LLC GA$21.9M · 0.27%
Kinetic Credit Union GA$21.2M · 0.36%
Southeastern Bank GA$19.4M · 0.15%
South Banking Company GA$18.2M · 0.12%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 943346153 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.