Plan Snapshot
- Plan Sponsor: Meridianlink, INC.
- Sponsor EIN: 824844620
- Sponsor Address: 3560 HYLAND AVENUE, COSTA MESA, CA, 92626
- Plan Type: 401(k)
- Total Participants: 678
- Total Assets: $64.4M
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 | 678 | $64.4M | $1.6M | $6.5M |
| 2023 | 739 | $50.7M | $1.6M | $6.2M |
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 | $80,270 | — | $80,270 |
| NFP RETIREMENT INC | INVESTMENT ADVISOR | $57,233 | — | $57,233 |
| EMPOWER ADVISORY GROUP, LLC | INVESTMENT MGMT | $32,411 | — | $32,411 |
| BDO | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BDO — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $169,914
- Estimated Expense Ratio: 0.264% 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 | $169,914 | $89,644 | — | — | — |
| 2023 | $151,278 | $86,368 | — | — | — |