Plan Snapshot
- Plan Sponsor: Merck Sharp & Dohme LLC
- Sponsor EIN: 221261880
- Sponsor Address: 126 EAST LINCOLN AVENUE, RAHWAY, NJ, 07065
- Plan Type: Health & Welfare
- Plan Number: 570
- Total Participants: 0
- Total Assets: $0
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 0 | $0 | $60.6M | $16.7M |
| 2023 | 0 | $4.9M | $51.6M | $18.9M |
| 2022 | 0 | $5.4M | $39.3M | $18.5M |
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 |
|---|---|---|---|---|
| HORIZON BC/BS OF NJ | Recordkeeper | $1,143,145 | — | $1,143,145 |
| CVS CAREMARK | Recordkeeper | $125,431 | — | $125,431 |
| EXPRESS SCRIPTS INC. | Recordkeeper | $42,228 | — | $42,228 |
| THE BANK OF NEW YORK MELLON | Other Service Provider | $8,942 | — | $8,942 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $1,319,746
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 | $1,418,769 | — | $1,418,769 | — | — |
| 2023 | $1,295,040 | — | $1,295,040 | — | — |
| 2022 | $1,360,815 | — | $1,360,815 | — | — |