Plan Snapshot
- Plan Sponsor: Merryman-Farr, LLC
- Sponsor EIN: 621837474
- Sponsor Address: 305 HILL AVE., NASHVILLE, TN, 37210
- Plan Type: 401(k)
- Total Participants: 173
- Total Assets: $11.1M
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 | 173 | $11.1M | $410,415 | $639,268 |
| 2023 | 161 | $9.0M | $337,616 | $538,032 |
| 2022 | 156 | $7.4M | $325,859 | $511,254 |
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 |
|---|---|---|---|---|
| COMMONWEALTH FINANCIAL NETWORK | Investment Advisor | $39,208 | — | $39,208 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- COMMONWEALTH FINANCIAL NETWORK — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $39,208
- Estimated Expense Ratio: 0.354% 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 | $68,545 | $39,208 | $29,337 | — | — |
| 2023 | $60,029 | $30,550 | $28,399 | — | — |
| 2022 | $65,878 | $28,268 | $36,810 | — | $800 |