Plan Ledger DOL Form 5500 · updated monthly

Meritage Homes Corporation401(k)

MERITAGE HOMES CORPORATION 401(K) SAVINGS PLAN · SCOTTSDALE, AZ · plan year 2024

Reported admin expense ratio · 2024
0.49%

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

Meritage Homes Corporation reported $939,388 in plan administrative expenses for 2024: 0.49% of average plan assets, higher than ~90% of peers. Employer contributions averaged $4,129 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 0.11% to 0.49%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other construction employers. By assets it is the 74th-largest of 1,285 plans among Arizona employers on file, and the 327th of 5,337 in construction. In 2024, employees put in $2.58 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$209,815,152
Participants with balances2,562
Active participants1,961
Employer contributions$8,097,752
Employee contributions$20,895,573
Employer contribution per active participant$4,129
Average account balance$81,895
Benefits paid to participants$21,697,433
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$209.8M · 2,562 accts · $8.1M emplr
2023$176.0M · 2,534 accts · $7.2M emplr
2022$143.1M · 2,647 accts · $6.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$178,200
Investment management$18,550
Audit (IQPA)$10,625
Total administrative$939,388
The Meritage Homes Corporation 401(k) match · 2024
Employer contribution per active participant$4,129
Median for plans this size$3,635
2024$4,129 per active participant
2023$3,741 per active participant
2022$3,111 per active participant

Meritage Homes Corporation's 2024 employer contribution ran above the $3,635 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 · 20243
MERRILL LYNCH, PIERCE, FENNER AND S · Recordkeeping$178,200
CBIZ MHM, LLC - PHOENIX · Accounting / audit$18,550
ALLIANT RETIREMENT SERVICES LLC$10,625

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

Recordkeeper by year2
2024Bank of America / Merrill
2023Bank of America / Merrill

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$939,388 · 0.49%
2023$193,298 · 0.12%
2022$164,994 · 0.11%
Same employer
Similar plansConstruction · Arizona
Taylor Morrison, Inc. AZ$370.5M · 0.19%
Suntec Concrete, Inc. AZ$156.0M · 0.13%
Dbm Global Inc. AZ$137.9M · 0.26%
Centuri Group, Inc. AZ$134.7M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 860611231 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.