Plan Snapshot
- Plan Sponsor: Mervin Manufacturing
- Sponsor EIN: 330461211
- Sponsor Address: 65 BANANA WAY, SEQUIM, WA, 98382
- Plan Type: 401(k)
- Total Participants: 115
- Total Assets: $4.6M
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 | 115 | $4.6M | $0 | $347,048 |
| 2023 | 144 | $3.9M | $0 | $363,925 |
| 2022 | 152 | $3.1M | $0 | $334,285 |
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 |
|---|---|---|---|---|
| TRANSAMERICA RETIREMENT SOLUTIONS | Recordkeeper | $15,911 | — | $15,911 |
| RBC CAPITAL MARKETS LLC | Investment Advisor | $12,643 | — | $12,643 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- TRANSAMERICA RETIREMENT SOLUTIONS — Recordkeeper
- RBC CAPITAL MARKETS LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $28,554
- Estimated Expense Ratio: 0.624% 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 | $28,554 | $12,643 | — | — | — |
| 2023 | $21,108 | $9,967 | — | — | — |
| 2022 | $22,213 | $9,627 | — | — | — |