Plan Snapshot
- Plan Sponsor: Merrick Industries, INC.
- Sponsor EIN: 593076908
- Sponsor Address: 10 ARTHUR DRIVE, LYNN HAVEN, FL, 32444
- Plan Type: 401(k)
- Total Participants: 130
- Total Assets: $13.1M
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 | 130 | $13.1M | $156,480 | $555,115 |
| 2023 | 125 | $12.6M | $169,564 | $561,247 |
| 2022 | 116 | $11.1M | $167,413 | $532,580 |
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 |
|---|---|---|---|---|
| THE HIGHLANDS ACCOUNTING GROUP | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $66,103 | $43,589 | — | — | — |
| 2023 | $62,830 | $40,228 | — | — | — |
| 2022 | $62,558 | — | — | — | — |