Plan Snapshot
- Plan Sponsor: Meridian Adhesives Group, INC.
- Sponsor EIN: 830572533
- Sponsor Address: 15720 BRIXHAM HILL AVE. SUITE 500, CHARLOTTE, NC, 28277
- Plan Type: 401(k)
- Total Participants: 506
- Total Assets: $24.6M
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. |
|---|---|---|---|---|
| 2024 | 506 | $24.6M | $1.0M | $2.1M |
| 2023 | 415 | $21.8M | $940,634 | $1.9M |
| 2022 | 336 | $18.7M | $806,028 | $1.7M |
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 |
|---|---|---|---|---|
| ALLIANT INSURANCE SERVICES INC DBA | INVESTMENT ADVISOR | $55,586 | — | $55,586 |
| EMPOWER ANNUITY INSURANCE COMPANY O | RECORDKEEPER | $19,284 | — | $19,284 |
| CROWE LLP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,870
- Estimated Expense Ratio: 0.305% 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 | $130,864 | $56,405 | — | — | — |
| 2023 | $67,312 | $49,176 | $17,990 | — | — |
| 2022 | $70,686 | $48,045 | $21,916 | — | — |