Plan Ledger DOL Form 5500 · updated monthly

Meridian Senior Living LLC401(k)

MERIDIAN SENIOR LIVING LLC 401(K) PROFIT SHARING PLAN & TRUST · BETHESDA, MD · plan year 2023

Reported admin expense ratio · 2023
1.04%

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

Meridian Senior Living LLC reported $50,036 in plan administrative expenses for 2023: 1.04% of average plan assets, higher than ~75% 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 rose from 0.51% to 2.15%. 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 Maryland (1,275th of 1,671), and 7,811th of 11,911 in health care & social assistance. active participation has grown from 2,312 to 2,780 since 2022.

Plan summary
Net assets, end of year$5,171,794
Participants with balances744
Active participants2,780
Employer contributions$0
Employee contributions$1,370,099
Employer contribution per active participant$0
Average account balance$6,951
Benefits paid to participants$1,426,124
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.0M · 335 accts
2023$5.2M · 744 accts
2022$4.5M · 805 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$49,176
Trustee / custodial$860
Total administrative$50,036
The Meridian Senior Living LLC 401(k) match · 2023
Employer contribution per active participant$0
Median for plans this size$1,308

Meridian Senior Living LLC'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 · 20232
ERISA FIDUCIARY SERVICES, INC. · Contract administrator · Recordkeeping$25,360
PAYCHEX, INC. · Contract administrator · Recordkeeping$23,436

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

Recordkeeper by year2
2024Paychex, Transamerica
2023ERISA FIDUCIARY SERVICES, INC., Paychex

This plan has changed recordkeepers within these filings. If you left Meridian Senior Living LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$109,481 · 2.15%
2023$50,036 · 1.04%
2022$23,297 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Maryland
Emerge, Inc. MD$5.4M · 0.98%
Distinctive Home Care Inc MD$5.1M · 1.34%
Bar-T Holding, Inc. MD$5.1M · 0.43%
Capital Care, Inc. MD$4.9M · 0.55%

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Source: U.S. Department of Labor, Form 5500 series, EIN 810999607 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.