Plan Ledger DOL Form 5500 · updated monthly

Merrick Industries, Inc.401(k)

MERRICK INDUSTRIES, INC. 401(K) PLAN · LYNN HAVEN, FL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Merrick Industries, Inc. reported $66,103 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,204 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 0.513%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,492nd-largest of 3,644 plans among Florida employers on file, and 7,683rd of 13,661 in manufacturing. In 2024, employees put in $3.55 for every $1.00 the employer contributed; active participation has grown from 116 to 130 since 2022.

Plan summary
Net assets, end of year$13,108,566
Participants with balances104
Active participants130
Employer contributions$156,480
Employee contributions$555,115
Employer contribution per active participant$1,204
Average account balance$126,044
Benefits paid to participants$1,778,038
Plan auditUnmodified (clean) audit opinion
AuditorTHE HIGHLANDS ACCOUNTING GROUP
Plan history3
Yearassets · accounts · employer contribution
2024$13.1M · 104 accts · $156K emplr
2023$12.6M · 104 accts · $170K emplr
2022$11.1M · 107 accts · $167K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,517
Investment management$43,589
Total administrative$66,103
The Merrick Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,204
Median for plans this size$2,416
2024$1,204 per active participant
2023$1,357 per active participant
2022$1,443 per active participant

Merrick Industries, Inc.'s 2024 employer contribution ran below the $2,416 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
COMMONWEALTH FINANCIAL NETWORK · Investment advisory (plan)$43,589
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$22,515

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$66,103 · 0.51%
2023$62,830 · 0.53%
2022$62,558 · 0.51%
Same employer
Similar plansManufacturing · Florida
Vitamedmd, LLC FL$13.7M · 0.56%
Valeda Company LLC FL$13.1M · 0.66%
Apyx Medical Corporation FL$13.0M · 0.45%
Gunderlin, LTD. FL$12.9M · 0.37%
The Fathers Table LLC FL$12.8M · 1.00%
Valley Forge Fabrics, Inc. FL$12.5M · 0.46%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 593076908 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.