Plan Ledger DOL Form 5500 · updated monthly

Merck & Co., Inc.401(k) + ESOP (KSOP)

MERCK US SAVINGS PLAN · RAHWAY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.00%

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

Merck & Co., Inc. reported $123,978 in plan administrative expenses for 2024: 0.00% of average plan assets, lower than ~75% of peers. Employer contributions averaged $7,169 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 fell from 0.004% to 0.001%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other manufacturing employers. By assets it is the 5th-largest of 2,419 plans among New Jersey employers on file, and the 21st of 13,661 in manufacturing. In 2024, employees put in $3.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$14,970,916,966
Participants with balances40,628
Active participants29,178
Employer contributions$209,188,698
Employee contributions$648,207,337
Employer contribution per active participant$7,169
Average account balance$368,488
Benefits paid to participants$1,160,613,196
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$15.0B · 40,628 accts · $209.2M emplr
2023$13.4B · 40,005 accts · $192.9M emplr
2022$11.5B · 38,817 accts · $169.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$123,978
Total administrative$123,978
The Merck & Co., Inc. 401(k) match · 2024
Employer contribution per active participant$7,169
Median for plans this size$5,259
2024$7,169 per active participant
2023$6,902 per active participant
2022$6,301 per active participant

Merck & Co., Inc.'s 2024 employer contribution ran above the $5,259 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 · 20241
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$123,978

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$123,978 · 0.00%
2023$389,410 · 0.00%
2022$485,996 · 0.00%
All plans at this employer2
MERCK US SAVINGS PLAN401(k) + ESOP (KSOP)
MSD EMPLOYEE STOCK PURCHASE & SAVINGS PLAN401(k) + ESOP (KSOP)
Similar plansManufacturing · New Jersey
Johnson and Johnson NJ$23.6B · 0.18%
Pepsico, Inc. NY$16.7B · 0.01%
L3HARRIS Technologies, Inc. FL$16.3B · 0.02%
Dell Inc. TX$14.6B · 0.03%
Genentech, Inc. CA$14.3B · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 221918501 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.