# The Merit Distribution Group, LLC 401(k) Plan
Source: https://planprovider.pro/companies/the-merit-distribution-group-llc-401k-plan

> The Merit Distribution Group, LLC's 401(k) plan: 328 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## Plan Snapshot

- **Plan Sponsor:** The Merit Distribution Group, LLC

- **Sponsor EIN:** 452595304

- **Sponsor Address:** 1310 UNION ST, SPARTANBURG, SC, 293023342

- **Plan Type:** 401(k)

- **Total Participants:** 328

- **Total Assets:** $26.8M

## 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|328|$26.8M|$577,924|$1.6M|

| 2023|401|$27.4M|$660,011|$2.1M|

| 2022|568|$25.3M|$773,660|$2.2M|

## 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|$109,013|—|$109,013|

| CREATIVE PLANNING, INC.|INVESTMENT ADVISORY|—|$49,432|$49,432|

| ELLIOTT GROUP CPAS, PLLC|Auditor|—|—|$0|

### Verified Provider Profiles

Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:

- [CREATIVE PLANNING, INC.](https://planprovider.pro/provider/creative-planning) — INVESTMENT ADVISORY

- [ELLIOTT GROUP CPAS, PLLC](https://planprovider.pro/provider/elliott-group-cpas-pllc) — Auditor

## Plan Fees & Expenses

Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.

- **Total Service Provider Fees:** $158,445

- **Estimated Expense Ratio:** 0.591% 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|$109,014|—|$109,014|—|—|

| 2023|$113,902|—|$113,902|—|—|

| 2022|$121,184|—|$121,184|—|—|

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