# Myers Industries, INC. 401(k) Plan
Source: https://planprovider.pro/companies/myers-industries-inc-401k-plan

> Myers Industries, INC.'s 401(k) plan: 1,960 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/meaden-and-moore-ltd) — 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|—|—|

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