Plan Snapshot
- Plan Sponsor: Merchant Esolutions, INC.
- Sponsor EIN: 943346153
- Sponsor Address: 3475 LENOX ROAD, SUITE 500, ATLANTA, GA, 30326
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 260
- Total Assets: $20.8M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- 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. |
|---|---|---|---|---|
| 2025 | 260 | $20.8M | $0 | $0 |
| 2024 | 130 | $19.9M | $597,158 | $1.4M |
| 2023 | 228 | $19.2M | $945,442 | $2.2M |
| 2022 | 227 | $15.6M | $948,132 | $2.0M |
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 |
|---|---|---|---|---|
| LINCOLN NATIONAL CORPORATION | Other Service Provider | $72,559 | — | $72,559 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $72,559
- Estimated Expense Ratio: 0.349% 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 |
|---|---|---|---|---|---|
| 2025 | $3,524,725 | — | $72,559 | — | — |
| 2024 | $91,298 | — | $91,298 | — | — |
| 2023 | $60,302 | — | $60,302 | — | — |
| 2022 | $44,578 | — | $44,578 | — | — |