Plan Snapshot
- Plan Sponsor: Meyer Products, LLC
- Sponsor EIN: 202176276
- Sponsor Address: 18513 EUCLID AVENUE, CLEVELAND, OH, 44112
- Plan Type: 401(k)
- Total Participants: 126
- Total Assets: $6.5M
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 | 126 | $6.5M | $160,081 | $415,217 |
| 2023 | 152 | $6.1M | $159,020 | $415,906 |
| 2022 | 134 | $5.5M | $147,426 | $350,688 |
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 |
|---|---|---|---|---|
| CORRIGAN KRAUSE | 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 | $47,255 | $12,669 | $34,586 | — | — |
| 2023 | $41,411 | $15,671 | $25,740 | — | — |
| 2022 | $25,297 | $17,244 | $8,053 | — | — |