Plan Ledger DOL Form 5500 · updated monthly

Mercury Financial LLC401(k)

MERCURY FINANCIAL 401(K) PLAN · AUSTIN, TX · plan year 2024

Reported admin expense ratio · 2024
0.36%

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

Mercury Financial LLC reported $80,917 in plan administrative expenses for 2024: 0.36% of average plan assets, above the peer median. Employer contributions averaged $7,434 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 0.32% to 0.36%. 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 1,741st-largest of 5,688 plans among Texas employers on file, and 2,716th of 4,798 in finance & insurance. In 2024, employees put in $1.84 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$24,824,416
Participants with balances262
Active participants208
Employer contributions$1,546,191
Employee contributions$2,840,438
Employer contribution per active participant$7,434
Average account balance$94,750
Benefits paid to participants$2,846,583
Plan auditUnmodified (clean) audit opinion
AuditorTORRILLO & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$24.8M · 262 accts · $1.5M emplr
2023$19.6M · 257 accts · $1.5M emplr
2022$12.2M · 236 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$80,917
Total administrative$80,917
The Mercury Financial LLC 401(k) match · 2024
Employer contribution per active participant$7,434
Median for plans this size$2,416
2024$7,434 per active participant
2023$6,394 per active participant
2022$5,778 per active participant

Mercury Financial LLC'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
CORNERSTONE WEALTH GROUPindirect comp
NOVA 401(K) ASSOCIATES · Other servicesindirect comp

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$80,917 · 0.36%
2023$50,522 · 0.32%
2022$38,506 · 0.32%
Same employer
Similar plansFinance & Insurance · Texas
Peoples Bank TX$25.4M · 0.49%
Texans Credit Union TX$25.0M · 0.25%
Texas Regional Bank TX$24.9M · 0.19%
First Bank TX$24.7M · 0.41%
Ep Loya Group, LP TX$24.7M · 0.10%
Click N' Close, Inc. TX$24.6M · 0.34%

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Source: U.S. Department of Labor, Form 5500 series, EIN 823007272 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.