Plan Snapshot
- Plan Sponsor: Merrill Farms, LLC
- Sponsor EIN: 770545932
- Sponsor Address: P.O. BOX 659, SALINAS, CA, 939020659
- Plan Type: 401(k)
- Total Participants: 218
- Total Assets: $16.8M
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 | 218 | $16.8M | $343,474 | $517,273 |
| 2023 | 219 | $13.9M | $322,556 | $490,425 |
| 2022 | 164 | $11.5M | $297,318 | $442,639 |
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 |
|---|---|---|---|---|
| JOHNSON & ASSOCIATES CPA'S, INC. | 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 | $39,058 | $15,614 | $23,444 | — | — |
| 2023 | $31,692 | $8,633 | $23,059 | — | — |
| 2022 | $29,551 | — | $29,551 | — | — |