Plan Ledger DOL Form 5500 · updated monthly

Merritt Trailers, Inc.401(k)

MERRITT TRAILERS, INC. 401(K) PROFIT SHARING PLAN · HENDERSON, CO · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Merritt Trailers, Inc. reported $77,877 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,746 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 1 year on file its reported administrative ratio fell from 0.64% to 0.52%. 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 630th-largest of 1,461 plans among Colorado employers on file, and 6,938th of 13,661 in manufacturing. In 2024, employees put in $2.31 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$15,534,778
Participants with balances262
Active participants255
Employer contributions$445,183
Employee contributions$1,028,181
Employer contribution per active participant$1,746
Average account balance$59,293
Benefits paid to participants$2,140,859
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$15.5M · 262 accts · $445K emplr
2023$14.4M · 230 accts · $444K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,743
Audit (IQPA)$9,134
Total administrative$77,877
The Merritt Trailers, Inc. 401(k) match · 2024
Employer contribution per active participant$1,746
Median for plans this size$2,416
2024$1,746 per active participant
2023$1,963 per active participant

Merritt Trailers, Inc.'s 2024 employer contribution ran below the $2,416 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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$59,815
CLIFTONLARSONALLEN · Accounting / audit · Contract administrator$18,063
GLOBAL RETIREMENT PARTNERS LLC · Investment advisory (plan)indirect comp

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

Administrative cost history2
2024$77,877 · 0.52%
2023$87,275 · 0.64%
Same employer
Similar plansManufacturing · Colorado
Stoneage, Inc. CO$17.0M · 0.04%
Aytu Biopharma, Inc. CO$15.9M · 0.32%
Boom Technology, Inc. CO$15.7M · 0.76%
Leiters, Inc. CO$15.6M · 0.10%
Enveda Therapeutics, Inc. CO$15.1M · 0.39%
Power Motive Corporation CO$14.6M · 0.95%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474306348 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.