Plan Ledger DOL Form 5500 · updated monthly

Merrifield Garden Center401(k)

MERRIFIELD GARDEN CENTER 401(K) PROFIT SHARING RETIREMENT PLAN · FALLS CHURCH, VA · plan year 2024

Reported admin expense ratio · 2024
0.27%

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

Merrifield Garden Center reported $58,897 in plan administrative expenses for 2024: 0.27% of average plan assets, below the peer median. 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 fell from 0.44% to 0.27%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 945th-largest of 2,266 plans among Virginia employers on file, and the 1,369th of 5,215 in retail trade.

Plan summary
Net assets, end of year$21,646,931
Participants with balances154
Active participants334
Employer contributions$0
Employee contributions$569,024
Employer contribution per active participant$0
Average account balance$140,564
Benefits paid to participants$3,649,582
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.6M · 154 accts
2023$21.4M · 232 accts
2022$19.5M · 242 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$46,285
Investment management$12,612
Total administrative$58,897
The Merrifield Garden Center 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$2,416

Merrifield Garden Center'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 · 20244
EMPOWER ADVISORY GROUP, LLC · Investment management$46,285
LEAFHOUSE FINANCIAL ADVISORS, LLC · Investment advisory (plan)$10,634
CETERA ADVISOR NETWORKS LLCindirect comp

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$58,897 · 0.27%
2023$54,083 · 0.26%
2022$97,622 · 0.44%
Same employer
Similar plansRetail Trade · Virginia
Casey Auto Group, Inc. VA$23.6M · 0.36%
Brown Automotive Group LTD VA$22.2M · 0.54%
Pohanka of Salisbury, Inc. VA$20.7M · 0.51%
Don Beyer Motors, Inc. VA$20.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540936775 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.