Plan Snapshot
- Plan Sponsor: Merakey Usa
- Sponsor EIN: 232175924
- Sponsor Address: 620 E. GERMANTOWN PIKE, LAFAYETTE HILL, PA, 19444
- Plan Type: 403(b)
- Total Participants: 5,501
- Total Assets: $155.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 5,501 | $155.3M | $2.3M | $8.9M |
| 2023 | 6,121 | $140.4M | $2.3M | $8.6M |
| 2022 | 7,161 | $123.8M | $2.2M | $8.3M |
| 2020 | 7,612 | $132.9M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE CO | Recordkeeper | $476,983 | — | $476,983 |
| LOCK & WELSH PC | Auditor | $38,000 | — | $38,000 |
| CORNERSTONE ADVISORS ASSET MANAGEME | Investment Advisor | $36,948 | — | $36,948 |
| NFP CORPORATE SERVICES (PA), INC. | Recordkeeper | $32,175 | — | $32,175 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $8,721 | — | $8,721 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- CORNERSTONE ADVISORS ASSET MANAGEME — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $592,827
- Estimated Expense Ratio: 0.382% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $594,977 | $45,669 | $34,325 | $38,000 | — |
| 2023 | $400,959 | — | $400,959 | — | — |
| 2022 | $321,073 | — | $321,073 | — | — |
| 2020 | $349,554 | $314,146 | $35,408 | — | — |