Plan Snapshot
- Plan Sponsor: Merchsource
- Sponsor EIN: 383853398
- Sponsor Address: 7755 IRVINE CENTER DRIVE, IRVINE, CA, 92618
- Plan Type: 401(k)
- Total Participants: 169
- Total Assets: $19.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 169 | $19.5M | $718,272 | $1.3M |
| 2023 | 155 | $16.4M | $795,925 | $1.4M |
| 2022 | 161 | $12.9M | $695,686 | $1.3M |
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 |
|---|---|---|---|---|
| BRHE GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $50,987 | $42,402 | — | — | — |
| 2023 | $41,255 | $34,794 | — | — | — |
| 2022 | $31,393 | — | — | — | — |