Plan Snapshot
- Plan Sponsor: Meritage Homes Corporation
- Sponsor EIN: 860611231
- Sponsor Address: 18655 NORTH CLARET DRIVE, SUITE 400, SCOTTSDALE, AZ, 85255
- Plan Type: 401(k)
- Total Participants: 1,961
- Total Assets: $209.8M
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 | 1,961 | $209.8M | $8.1M | $20.9M |
| 2023 | 1,927 | $176.0M | $7.2M | $18.1M |
| 2022 | 2,020 | $143.1M | $6.3M | $17.3M |
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 |
|---|---|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER AND S | RECORDKEEPER | $178,200 | — | $178,200 |
| CBIZ MHM, LLC - PHOENIX | CONSULTANT | $18,550 | — | $18,550 |
| ALLIANT RETIREMENT SERVICES LLC | ACCOUNTANT | $10,625 | — | $10,625 |
| CBIZ CPAS P.C. | Auditor | $10,625 | — | $10,625 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $218,000
- Estimated Expense Ratio: 0.104% 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 | $939,388 | $18,550 | — | $10,625 | — |
| 2023 | $193,298 | — | — | — | — |
| 2022 | $164,994 | — | — | — | — |