Meriton, LLC 401(k) Review & Grade
Meriton, LLC 401(k) Profit Sharing Plan
Irving, TXConstruction1,318 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,260Employer $ per active participant
$10,871Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$168.4MNet plan assets, end of year
$106,488Average balance per account
Score breakdown
- Employer generosity47.9 / 5096th percentile for employer $ per participant
- Low cost15.3 / 2561th percentile for low admin cost vs. same-size plans
- Employee saving14.3 / 1595th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 96th |
| Lower admin cost | 61th |
| Employee saving | 95th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($1,097,291 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Meriton put in about $8,260 per active participant, more than the typical peer ($1,672). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $10,882,604 |
| Participant (employee) contributions | $14,323,196 |
| Other contributions (incl. rollovers in) | $8,241,330 |
| Administrative expenses paid from the plan | $234,483 |
| Contract administrator fees | $300 |
| Investment advisory & management fees | $117,493 |
| Benefits paid out | $9,161,174 |
| Net assets, start / end of year | $124.8M / $168.4M |
| Active participants, start / end of year | 1,116 / 1,519 |
| Participants with account balances | 1,581 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Price Kubecka, LLC |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $116,990 reported compensation |
| Woodbury Financial Services Inc | $78,513 reported compensation |
| Osaic Wealth Inc | $38,981 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014105619NAL0001251235001, received 2025-10-14, EIN 83-3801275, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.