Plan Snapshot
- Plan Sponsor: Merit Brass Co.
- Sponsor EIN: 340871314
- Sponsor Address: ONE MERIT DRIVE, CLEVELAND, OH, 441430127
- Plan Type: 401(k)
- Total Participants: 207
- Total Assets: $20.5M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- 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 | 207 | $20.5M | $173,438 | $928,569 |
| 2023 | 224 | $19.3M | $174,194 | $975,776 |
| 2022 | 215 | $17.0M | $158,220 | $865,727 |
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 |
|---|---|---|---|---|
| TRANSAMERICA LIFE INSURANCE CO | Recordkeeper | $89,101 | — | $89,101 |
| LPL FINANCIAL | Investment Advisor | — | $48,269 | $48,269 |
| ERISA SERVICES, INC | Recordkeeper | $20,215 | $397 | $20,612 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA LIFE INSURANCE CO — Recordkeeper
- LPL FINANCIAL — Investment Advisor
- ERISA SERVICES, INC — Recordkeeper
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $157,982
- Estimated Expense Ratio: 0.770% 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 | $110,107 | — | $110,107 | — | — |
| 2023 | $158,088 | — | $158,088 | — | — |
| 2022 | $31,523 | — | $31,523 | — | — |