Plan Snapshot
- Plan Sponsor: Mervis Industries, INC.
- Sponsor EIN: 370812150
- Sponsor Address: 3295 EAST MAIN STREET, DANVILLE, IL, 61834
- Plan Type: 401(k)
- Total Participants: 274
- Total Assets: $15.2M
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 | 274 | $15.2M | $459,845 | $682,183 |
| 2023 | 206 | $13.0M | $421,811 | $609,045 |
| 2022 | 189 | $11.6M | $386,371 | $574,771 |
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 | $41,449 | — | $41,449 |
| CREATIVE PLANNING LLC | ADVISOR | $25,374 | — | $25,374 |
| MESIROW FINANCIAL | ADVISOR | $7,662 | — | $7,662 |
| DULIN, WARD, & DEWALD, INC. | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- FIDELITY INVESTMENTS INSTITUTIONAL — RECORDKEEPER
- CREATIVE PLANNING LLC — ADVISOR
- DULIN, WARD, & DEWALD, INC. — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $74,485
- Estimated Expense Ratio: 0.490% 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 | $74,485 | $33,036 | — | — | — |
| 2023 | $66,923 | $29,237 | — | — | — |
| 2022 | $71,746 | — | — | — | — |