# Meridian Bank 401(k) Plan
Source: https://planprovider.pro/companies/meridian-bank-401k-plan

> Meridian Bank's 401(k) plan: 316 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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.](https://planprovider.pro/provider/fischer-cunnane-and-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|

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[View full interactive plan profile on PlanProvider.Pro](https://planprovider.pro/companies/meridian-bank-401k-plan)

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