Employers › Merit Medical Systems
Recordkeeping fees per participant · Merit Medical Systems, Inc. 401(k) Profit Sharing Plan · plan year 2024
$25.64
Higher than 22% of the 5,847 plans $50 to 250M that report it.
= $57,723 / 2,251
Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924160601NAL0003132643001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924160601NAL0003132643001, received 2025-09-24
Percentiles compare this plan with the Schedule H plans $50 to 250M in assets of the same plan year, excluding final filings; shown only where at least 50 comparable plans report the figure. Plan year 2024-01-01 to 2024-12-31, filing received 2025-09-24.
Administrative expenses excluding investment management, per participant
$25.64
Higher than 14% of the 8,758 plans $50 to 250M that report it.
= $57,723 / 2,251
derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924160601NAL0003132643001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924160601NAL0003132643001, received 2025-09-24
Administrative expenses per participant
$100.75
Higher than 37% of the 9,042 plans $50 to 250M that report it.
= $226,783 / 2,251
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924160601NAL0003132643001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924160601NAL0003132643001, received 2025-09-24
Administrative expenses as a share of assets
0.104%
Higher than 39% of the 9,049 plans $50 to 250M that report it.
= $226,783 / $217,105,639
Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924160601NAL0003132643001, received 2025-09-24
assets_eoy: Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924160601NAL0003132643001, received 2025-09-24
Employer contributions per participant
$2,210
Higher than 38% of the 9,105 plans $50 to 250M that report it.
= $4,975,364 / 2,251
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924160601NAL0003132643001, received 2025-09-24
participants_with_balance: Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924160601NAL0003132643001, received 2025-09-24
Employer share of total contributions
20.2%
Higher than 19% of the 9,112 plans $50 to 250M that report it.
= $4,975,364 / $24,627,946
Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924160601NAL0003132643001, received 2025-09-24
total_contrib: Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924160601NAL0003132643001, received 2025-09-24
Employer match
“During the year ended December 31, 2025, the Company made matching contributions to the plan, equal to 60% of the first 5% of total compensation that a participant contributed to the Plan.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, contributions · source document
Vesting
“Vesting in the Company’s contribution portion of their accounts is based on years of continuous service.”
Form 11-K filed 2026-06-26, for the year ended 2025-12-31 · plan description note, vesting · source document
Terms quoted from the filing for the year ended 2025-12-31. Figures cover plan year 2024. The plan document governs.
2T default investment (QDIA) · 3F · 2E profit-sharing · 3H controlled-group sponsor · 3D IRS pre-approved plan · 2R participant brokerage window · 2F ERISA 404(c) plan · 2G fully participant-directed · 2J 401(k) feature · 2K 401(m) arrangement · Form 5500, line 8a; TYPE_PENSION_BNFT_CODE pos 81; filing 20250924160601NAL0003132643001, received 2025-09-24
| Field | Value | Source |
|---|---|---|
| Plan sponsor | MERIT MEDICAL SYSTEMS, INC. | Form 5500, Part II line 2a; SPONSOR_DFE_NAME pos 19; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Plan name | MERIT MEDICAL SYSTEMS, INC. 401(K) PROFIT SHARING PLAN | Form 5500, line 1a; PLAN_NAME pos 16; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Sponsor EIN / plan number | 87-0447695 / 001 | Form 5500, line 2b; SPONS_DFE_EIN pos 44; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Plan type | single-employer | Form 5500, Part I line A; TYPE_PLAN_ENTITY_CD pos 4; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Sponsor location | SOUTH JORDAN, UT | Form 5500, line 2a; SPONS_DFE_MAIL_US_STATE pos 25; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Industry (business code) | 339110, Manufacturing | Form 5500, line 2d; BUSINESS_CODE pos 46; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Plan year | 2024-01-01 to 2024-12-31 | Form 5500, Part I plan year; FORM_PLAN_YEAR_BEGIN_DATE pos 2; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Filing received | 2025-09-24 | Form 5500, EFAST2 receipt date; DATE_RECEIVED pos 102; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Final filing | no | Form 5500, Part I line B; FINAL_FILING_IND pos 8; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Amended filing | no | Form 5500, Part I line B; AMENDED_IND pos 7; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Participants, beginning of year | 3,485 | Form 5500, line 5; TOT_PARTCP_BOY_CNT pos 71; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Active participants | 3,324 | Form 5500, line 6a(2); TOT_ACTIVE_PARTCP_CNT pos 72; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Participants, end of year | 3,834 | Form 5500, line 6f; TOT_ACT_RTD_SEP_BENEF_CNT pos 77; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Participants with an account balance | 2,251 | Form 5500, line 6g(2); PARTCP_ACCOUNT_BAL_CNT pos 78; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total assets, beginning of year | $185,679,214 | Schedule H, Part I line 1f col (a); TOT_ASSETS_BOY_AMT pos 30; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total assets, end of year | $217,105,639 | Schedule H, Part I line 1f col (b); TOT_ASSETS_EOY_AMT pos 61; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Net assets, end of year | $216,834,588 | Schedule H, line 1l col (b); NET_ASSETS_EOY_AMT pos 67; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total income | $55,928,334 | Schedule H, Part II line 2d; TOT_INCOME_AMT pos 97; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Net income | $31,573,165 | Schedule H, line 2k; NET_INCOME_AMT pos 111; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Employer contributions | $4,975,364 | Schedule H, Part II line 2a(1)(A); EMPLR_CONTRIB_INCOME_AMT pos 68; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Participant contributions | $13,664,555 | Schedule H, line 2a(1)(B); PARTICIPANT_CONTRIB_AMT pos 69; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Other contributions (incl. rollovers) | $5,988,027 | Schedule H, line 2a(1)(C); OTH_CONTRIB_RCVD_AMT pos 70; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total contributions | $24,627,946 | Schedule H, line 2a(3); TOT_CONTRIB_AMT pos 72; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Benefit payments | $23,854,595 | Schedule H, line 2e(4); TOT_DISTRIB_BNFT_AMT pos 101; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total expenses (incl. benefit payments) | $24,355,169 | Schedule H, line 2j; TOT_EXPENSES_AMT pos 110; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Total administrative expenses | $226,783 | Schedule H, line 2i(12) total administrative expenses; TOT_ADMIN_EXPENSES_AMT pos 109; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Contract administrator fees | $0 | Schedule H, line 2i(2); CONTRACT_ADMIN_FEES_AMT pos 106; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Recordkeeping fees | $57,723 | Schedule H, line 2i(3); OTH_RECORDKEEPING_FEES_AMT pos 160; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| IQPA audit fees | $0 | Schedule H, line 2i(4); IQPA_AUDIT_FEES_AMT pos 161; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Investment advisory and management fees | $169,060 | Schedule H, line 2i(5); INVST_MGMT_FEES_AMT pos 107; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Administrative expenses excluding investment management | $57,723 | derived, admin_expenses (2i(12)) minus invst_mgmt_fees (2i(5)), floored at 0; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Held in master trusts | $0 | Schedule H, line 1c(11) col (b); INT_MASTER_TR_EOY_AMT pos 53; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Held in common/collective trusts | $49,354,169 | Schedule H, line 1c(9) col (b); INT_COMMON_TR_EOY_AMT pos 51; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Held in mutual funds | $109,564,402 | Schedule H, line 1c(13) col (b); INT_REG_INVST_CO_EOY_AMT pos 55; filing 20250924160601NAL0003132643001, received 2025-09-24 |
| Independent auditor | DELOITTE & TOUCHE | Schedule H, Part III line 3a; ACCOUNTANT_FIRM_NAME pos 116; filing 20250924160601NAL0003132643001, received 2025-09-24 |
Position = column in the DOL layout for form year 2024. Filing 20250924160601NAL0003132643001, received 2025-09-24.
| Provider | Relationship | Service codes | Direct compensation | Indirect |
|---|---|---|---|---|
| SOLTIS INVESTMENT ADVISORS, INC. | INVESTMENT ADVISOR | 27 Investment advisory (plan) | $139,426 | no |
| FIDELITY INVESTMENTS INSTITUTIONALrecordkeeper | RECORDKEEPER | 37 Participant loan processing; 60 Sub-transfer agency fees; 64 Recordkeeping fees; 65 Account maintenance fees; 71 Securities brokerage commissions and fees | $57,723 | yes |
| CAPFINANCIAL PARTNERS, LLC | CONSULTANT | 16 Consulting (general) | $30,000 | no |
Schedule C Part I line 2: name (a), service codes (b), relationship (c), direct compensation paid by the plan (d), indirect compensation received (e). Filing 20250924160601NAL0003132643001, received 2025-09-24.
| Figure | 2023 | 2024 | Change |
|---|---|---|---|
| Total assets | $185,679,214 | $217,105,639 | 16.9% |
| Participants with a balance | 2,153 | 2,251 | 4.6% |
| Administrative expenses | $146,568 | $226,783 | 54.7% |
| Recordkeeping fees per participant | $23.38 | $25.64 | 9.7% |
| Employer contributions | $4,302,468 | $4,975,364 | 15.6% |
Prior filing 20240813165303NAL0010710161001, received 2024-08-13; the plan years are contiguous.
Sponsor name as filed: MERIT MEDICAL SYSTEMS, INC.; SEC registrant: MERIT MEDICAL SYSTEMS INC (CIK 856982, matched by EIN; display name from the Form 10-K cover).