Retirement plan

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Name: GARY MERLINO CONSTRUCTION COMPANY, INC. - MERLINO COMPANIES PROFIT SHARING 401(K) PLAN (2024) Form 5500
Creator: GARY MERLINO CONSTRUCTION COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MERLINO COMPANIES PROFIT SHARING 401(K) PLAN, GARY MERLINO CONSTRUCTION COMPANY, INC.

GARY MERLINO CONSTRUCTION COMPANY, INC.EIN 91-1296882Plan #009PY 2024

9125 10TH AVENUE SOUTH - SEATTLE, WA 981084612206-762-9125LinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow participation

How to read this page

Total assets (EOY)

$42.6M

+5.3% from 2023

Total participants

487

-5.6% from 2023

Average account balance

$165,026

+7.8% from 2023

Annual return

11.73%

-1.17 pp from 2023

Benchmarks

See 1,563 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants250-999

Cohort1,563 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$42.58M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$165K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

258

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

42.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.34M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+11.73%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$309

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 2 by compensation

Provider	Service type	Compensation
RBC WEALTH MANAGEMENT2 years Service code 26 · EIN 41-1416330	Advisory (Participants)	$47,500
NORTHWEST PLAN SERVICES, INC.5 years Filed as: NORTHWEST PLAN SERVICES Service code 15 · EIN 91-2090931	Recordkeeping	$32,262

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$80K

$202 / participant

Recordkeeping$32K40.4%
Investment mgmt$48K59.6%

% of EOY assets

0.187%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAKER TILLY US, LLP
Auditor EIN: 301413443
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$165,026

$82,980+98.9%

$103,378+59.6%

$77,692+112.4%

Participation rate

42.0%

71.5%-29.5pp

74.5%-32.5pp

70.6%-28.6pp

Annual return

11.73%

19.11%-7.4pp

24.91%-13.2pp

31.25%-19.5pp

Employer contribution / active EE

$2,788

$3,554-21.6%

$3,870-28.0%

$2,726+2.3%

Participant deferral / active EE

$3,147

$4,109-23.4%

$5,058-37.8%

$4,648-32.3%

Admin fee / account holder

$309

$639-51.6%

$8,401-96.3%

$431-28.2%

Provider

Service type

Compensation

RBC WEALTH MANAGEMENT2 years

Service code 26 · EIN 41-1416330

Advisory (Participants)

$47,500

NORTHWEST PLAN SERVICES, INC.5 years

Filed as: NORTHWEST PLAN SERVICES

Service code 15 · EIN 91-2090931

Recordkeeping

$32,262

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MERLINO COMPANIES PROFIT SHARING 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion