Plan Ledger DOL Form 5500 · updated monthly

Meridian Management Services L401(k)

MERIDIAN MANAGEMENT SERVICES L 401(K) PROFIT SHARING PLAN & TRUST · BREA, CA · plan year 2023

Reported admin expense ratio · 2023
2.27%

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

Meridian Management Services L reported $42,805 in plan administrative expenses for 2023: 2.27% of average plan assets, higher than ~90% of peers. Employer contributions averaged $0 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 has held roughly steady near 2.27%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in California (8,214th of 9,483), and 9,871st of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$2,203,548
Participants with balances184
Active participants1,116
Employer contributions$0
Employee contributions$637,287
Employer contribution per active participant$0
Average account balance$11,976
Benefits paid to participants$391,039
Plan auditUnmodified (clean) audit opinion
AuditorHW&CO.
Plan history2
Yearassets · accounts · employer contribution
2023$2.2M · 184 accts
2022$1.6M · 164 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$29,118
Investment management$12,827
Trustee / custodial$860
Total administrative$42,805
The Meridian Management Services L 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Meridian Management Services L's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
PAYCHEX, INC. · Contract administrator · Investment advisory (participants)$17,410
ERISA FIDUCIARY SERVICES, INC. · Contract administrator · Investment advisory (participants)$15,255
LEVELIZED COMPENSATION ADVISOR · Contract administrator · Investment advisory (participants)$6,029
GOLDEN STATE WEALTH MANAGMENT · Contract administrator · Investment advisory (participants)$5,935

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

Administrative cost history2
2023$42,805 · 2.27%
2022$41,024 · 2.25%
Same employer
Similar plansHealth Care & Social Assistance · California
Insight Housing CA$2.2M · 1.08%

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Source: U.S. Department of Labor, Form 5500 series, EIN 455239311 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.