Plan Snapshot
- Plan Sponsor: Myers Industries, INC.
- Sponsor EIN: 340778636
- Sponsor Address: 1293 S MAIN ST, AKRON, OH, 443011302
- Plan Type: 401(k)
- Total Participants: 1,960
- Total Assets: $141.1M
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 | 1,960 | $141.1M | $4.8M | $8.8M |
| 2023 | 1,845 | $129.9M | $4.8M | $8.8M |
| 2022 | 2,062 | $114.5M | $4.4M | $8.0M |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | CONTRACT ADMINISTRATOR | $262,112 | — | $262,112 |
| CLEARSTEAD ADVISORS,LLC | INVESTMENT ADVISORY | $9,972 | $5,028 | $15,000 |
| MEADEN AND MOORE | ACCOUNTANT | $5,000 | $9,000 | $14,000 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- MEADEN AND MOORE — ACCOUNTANT
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $291,112
- Estimated Expense Ratio: 0.206% 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 | $277,084 | $9,972 | $262,112 | $5,000 | — |
| 2023 | $267,654 | — | $267,654 | — | — |
| 2022 | $278,331 | — | $278,331 | — | — |