Plan Ledger DOL Form 5500 · updated monthly

Meridian Capital Group, LLC401(k)

MERIDIAN CAPITAL GROUP, LLC 401(K) PROFIT SHARING PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.03%

Meridian Capital Group, LLC reported $6,453 in plan administrative expenses for 2024: 0.03% of average plan assets, lower than ~75% of peers. 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 0.02% to 0.03%. 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 2,541st-largest of 5,648 plans among New York employers on file, and 3,071st of 4,798 in finance & insurance. active participation has shrunk from 377 to 263 since 2022.

Plan summary
Net assets, end of year$19,868,064
Participants with balances221
Active participants263
Employer contributions—
Employee contributions$1,258,799
Employer contribution per active participant—
Average account balance$89,901
Benefits paid to participants$3,778,429
Plan auditUnmodified (clean) audit opinion
AuditorFASTEM HALBERSTAM
Plan history3
Yearassets · accounts · employer contribution
2024$19.9M · 221 accts
2023$19.7M · 281 accts
2022$16.7M · 327 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$6,453
Total administrative$6,453
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
ADP, INC. · Loan processing · Recordkeeping$6,453
CHARLES SCHWAB & CO, INC. · Securities brokerage$4
ADP BROKER-DEALER · Other servicesindirect comp
MORGAN STANLEY SMITH BARNEY LLC · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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Administrative cost history3
2024$6,453 · 0.03%
2023$3,695 · 0.02%
2022$2,950 · 0.02%
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Iroquois Group Inc NY$20.2M · 0.35%
Tidal Basin Holdco LLC NY$20.0M · 0.58%
Petra Funds Group LLC NY$19.9M · 0.35%
Moneylion, Inc. NY$19.8M · 0.76%
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Source: U.S. Department of Labor, Form 5500 series, EIN 522165605 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.