Plan Ledger DOL Form 5500 · updated monthly

Merrell Bros., Inc.401(k)

MERRELL BROS. RETIREMENT SAVINGS PLAN · KOKOMO, IN · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Merrell Bros., Inc. reported $68,954 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $729 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 3 years on file its reported administrative ratio has held roughly steady near 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Indiana (962nd of 1,562), and the 1,108th of 2,534 in administrative & support services. In 2024, employees put in $5.85 for every $1.00 the employer contributed; active participation has grown from 160 to 204 since 2022.

Plan summary
Net assets, end of year$8,462,355
Participants with balances143
Active participants204
Employer contributions$148,689
Employee contributions$870,126
Employer contribution per active participant$729
Average account balance$59,177
Benefits paid to participants$322,175
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.5M · 143 accts · $149K emplr
2023$6.9M · 128 accts · $137K emplr
2022$5.2M · 121 accts · $103K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$19,200
Investment management$49,563
Trustee / custodial$191
Total administrative$68,954
The Merrell Bros., Inc. 401(k) match · 2024
Employer contribution per active participant$729
Median for plans this size$1,313
2024$729 per active participant
2023$820 per active participant
2022$643 per active participant

Merrell Bros., Inc.'s 2024 employer contribution ran below 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 · 20242
JULY BUSINESS SERVICES · Recordkeeping$15,524
CREATIVE FINANCIAL DESIGNS · Investment advisory (participants)$49,563

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

Recordkeeper by year2
2024July Business Services
2023July Business Services

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

Administrative cost history3
2024$68,954 · 0.90%
2023$52,700 · 0.87%
2022$51,224 · 0.93%
Same employer
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Source: U.S. Department of Labor, Form 5500 series, EIN 351681490 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.