Plan Snapshot
- Plan Sponsor: Meridian Bank
- Sponsor EIN: 320116054
- Sponsor Address: 9 OLD LINCOLN HIGHWAY, MALVERN, PA, 19355
- Plan Type: 401(k)
- Total Participants: 316
- Total Assets: $48.0M
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 | 316 | $48.0M | $910,791 | $2.9M |
| 2023 | 313 | $41.0M | $917,147 | $3.0M |
| 2022 | 352 | $35.2M | $1.0M | $3.4M |
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 COMPANY | RECORDKEEPER | $60,784 | — | $60,784 |
| ASSOCIATED BENEFIT PLANNERS, LTD. | CONTRACT ADMIN | $27,241 | — | $27,241 |
| FISCHER CUNNANE & ASSOCIATES, LTD. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FISCHER CUNNANE & ASSOCIATES, LTD. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $88,025
- Estimated Expense Ratio: 0.184% 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 | $88,025 | — | $27,241 | — | — |
| 2023 | $78,629 | — | $24,751 | — | — |
| 2022 | $71,812 | — | $49,301 | — | $22,511 |