Plan Snapshot
- Plan Sponsor: Merritt Hospitality LLC
- Sponsor EIN: 522353526
- Sponsor Address: 101 MERRITT 7, 1ST FLOOR, NORWALK, CT, 06851
- Plan Type: 401(k)
- Total Participants: 10,066
- Total Assets: $198.2M
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 | 10,066 | $198.2M | $8.3M | $17.9M |
| 2023 | 10,540 | $165.5M | $7.4M | $15.8M |
| 2022 | 9,086 | $130.9M | $5.4M | $12.6M |
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 | $419,872 | — | $419,872 |
| MAYFLOWER FINANCIAL ADVISORS LLC | ADVISOR | $55,000 | — | $55,000 |
| COHNREZNICK LLP | ACCOUNTANT/AUDITOR | $40,950 | — | $40,950 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- COHNREZNICK LLP — ACCOUNTANT/AUDITOR
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $515,822
- Estimated Expense Ratio: 0.260% 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 | $515,822 | $55,000 | — | $40,950 | — |
| 2023 | $445,404 | $55,000 | $1,800 | $38,850 | — |
| 2022 | $442,972 | — | — | — | — |