Plan Snapshot
- Plan Sponsor: Meridian Senior Living LLC
- Sponsor EIN: 810999607
- Sponsor Address: 6931 ARLINGTON RD - STE 320, BETHESDA, MD, 20814
- Plan Type: 401(k)
- Total Participants: 1,950
- Total Assets: $5.0M
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 | 1,950 | $5.0M | $0 | $1.0M |
| 2023 | 2,780 | $5.2M | $0 | $1.4M |
| 2022 | 2,312 | $4.5M | $0 | $1.4M |
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 |
|---|---|---|---|---|
| USI SECURITIES | BROKER | — | $58,647 | $58,647 |
| TRANSAMERICA RETIREMENT SOLUTIONS | RECORDKEEPER | $56,101 | — | $56,101 |
| PAYCHEX, INC. | RECORDKEEPER | $52,699 | — | $52,699 |
| COHNREZNICK LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — RECORDKEEPER
- PAYCHEX, INC. — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $167,447
- Estimated Expense Ratio: 3.350% 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 | $109,481 | $681 | — | — | — |
| 2023 | $50,036 | — | $49,176 | — | — |
| 2022 | $23,297 | — | $23,297 | — | — |