Plan Snapshot
- Plan Sponsor: Merit Medical Systems, INC.
- Sponsor EIN: 870447695
- Sponsor Address: 1600 WEST MERIT PARKWAY, SOUTH JORDAN, UT, 84095
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 3,892
- Total Assets: $251.6M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2025 | 3,892 | $251.6M | $0 | $0 |
| 2024 | 3,324 | $217.1M | $5.0M | $13.7M |
| 2023 | 3,015 | $185.7M | $4.3M | $11.6M |
| 2022 | 2,590 | $153.6M | $3.8M | $10.9M |
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 |
|---|---|---|---|---|
| FIDELITY INVESTMENTS INSTITUTIONAL | Recordkeeper | $104,054 | — | $104,054 |
| SOLTIS INVESTMENT ADVISORS, INC. | Investment Advisor | $100,783 | — | $100,783 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $204,837
- Estimated Expense Ratio: 0.081% 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 |
|---|---|---|---|---|---|
| 2025 | $14,315,259 | — | — | — | — |
| 2024 | $226,783 | $169,060 | — | — | — |
| 2023 | $146,568 | $95,936 | $300 | — | — |
| 2022 | $173,614 | — | — | — | — |