Plan Ledger DOL Form 5500 · updated monthly

Merrill Gardens, LLC401(k)

R.D. MERRILL COMPANIES 401(K) PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Merrill Gardens, LLC reported $271,138 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $915 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 0.51% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 342nd-largest of 1,714 plans among Washington employers on file, and the 1,866th of 11,911 in health care & social assistance. In 2024, employees put in $2.14 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$50,399,274
Participants with balances1,261
Active participants2,857
Employer contributions$2,612,836
Employee contributions$5,585,306
Employer contribution per active participant$915
Average account balance$39,968
Benefits paid to participants$6,618,198
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$50.4M · 1,261 accts · $2.6M emplr
2023$43.1M · 1,237 accts · $2.4M emplr
2022$34.9M · 1,186 accts · $2.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$190,702
Investment management$80,436
Total administrative$271,138
The Merrill Gardens, LLC 401(k) match · 2024
Employer contribution per active participant$915
Median for plans this size$2,416
2024$915 per active participant
2023$813 per active participant
2022$841 per active participant

Merrill Gardens, LLC'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
JOHN HANCOCK RETIREMENT PLAN SERVIC · Recordkeeping · Loan processing$190,702
GALLAGHER BENEFIT SERVICES · Recordkeeping · Trustee$80,436

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

Recordkeeper by year2
2024GALLAGHER BENEFIT SERVICES, John Hancock
2023GALLAGHER BENEFIT SERVICES, John Hancock

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Administrative cost history3
2024$271,138 · 0.58%
2023$241,477 · 0.62%
2022$188,267 · 0.51%
Same employer
Similar plansHealth Care & Social Assistance · Washington
Community Health Care WA$48.9M · 0.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 911738695 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.