Plan Ledger DOL Form 5500 · updated monthly

Merlo Construction Company, Inc.401(k)

MERLO CONSTRUCTION COMPANY, INC. 401(K) PROFIT SHARING PLAN AND TRUST · MILFORD, MI · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Merlo Construction Company, Inc. reported $34,032 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $2,151 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 0.64%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Michigan (1,929th of 2,619), and 3,834th of 5,337 in construction. In 2024, employees put in $1.81 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,739,781
Participants with balances134
Active participants144
Employer contributions$309,691
Employee contributions$559,076
Employer contribution per active participant$2,151
Average account balance$42,834
Benefits paid to participants$567,425
Plan auditUnmodified (clean) audit opinion
AuditorYEO & YEO
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 134 accts · $310K emplr
2023$4.9M · 148 accts · $269K emplr
2022$4.0M · 122 accts · $226K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$34,032
Total administrative$34,032
The Merlo Construction Company, Inc. 401(k) match · 2024
Employer contribution per active participant$2,151
Median for plans this size$1,313
2024$2,151 per active participant
2023$1,726 per active participant
2022$1,696 per active participant

Merlo Construction Company, Inc.'s 2024 employer contribution ran above the $1,313 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
VOYA RETIREMENT ADVISORS, LLC · Investment advisory (participants)$7,129
MBC RETIREMENT SERVICES INC.$7,125

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$34,032 · 0.64%
2023$16,455 · 0.37%
2022$13,289 · 0.32%
Same employer
Similar plansConstruction · Michigan
Signal Holdings LLC MI$6.3M · 0.68%
D & D Building Inc. MI$5.9M · 0.79%
L&D Electric, Inc. D/B/A MI$5.5M · 1.02%
Oak Electric Service Inc MI$5.3M · 0.89%
Serve Electric LLC MI$5.2M · 0.74%
Creek Enterprise, Inc MI$5.1M · 0.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 382987899 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.