Sonny Merryman retirement plan: assets, participants and fees
What Sonny Merryman's retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Ascensus Consulting, LLC | 2023 Schedule C ↗ |
| Independent auditor | Brown, Edwards & Company, L.L.P. (unmodified opinion) | Schedule H ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
The recordkeeper is from the plan year 2023 filing, the latest that names one. The other rows are from the plan year 2024 filing.
How the plan compares
Plan year 2024 medians for 3,074 defined-contribution plans in wholesale trade with 100 to 499 participants.
| Sonny Merryman: employer contribution per participant | $5,747 | |
| Peer median | $1,988 |
| Sonny Merryman: average balance | $191,005 | |
| Peer median | $75,431 |
| Sonny Merryman: admin expenses ÷ assets | 0.36% | |
| Peer median | 0.31% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $24.4M at the end of plan year 2021 to $33.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 174 | $33.2M | $1M | $5,747 | 0.36% | Not published | Form 5500 ↗ |
| 2023 | 178 | $30.3M | $500K | $2,857 | 0.39% | Not published | Form 5500 ↗ |
| 2022 | 176 | $25.3M | $500K | $2,841 | 0.37% | Not published | Form 5500 ↗ |
| 2021 | 174 | $24.4M | $1M | $5,780 | 0.41% | Not published | Form 5500 ↗ |
Other Sonny Merryman plans (1)
Each plan files its own Form 5500. Figures are from each plan's latest filing.
Sonny Merryman, Inc. 401(k) Plan
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Plan type and status | 401(k) · Terminated (final filing) | Form 5500 ↗ |
Common questions
Does Sonny Merryman match 401(k) contributions?
The match terms for the Sonny Merryman, Inc. Employee Stock Ownership Plan and Trust have not been published from its filing yet. The plan year 2024 filing reports $1M in employer contributions, about $5,747 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Sonny Merryman 401(k) match vested?
The vesting schedule for the Sonny Merryman, Inc. Employee Stock Ownership Plan and Trust is not in the data published so far. Your Summary Plan Description states it.
Who manages the Sonny Merryman 401(k)?
The recordkeeper listed on Schedule C of the plan year 2023 filing is Ascensus Consulting, LLC. The plan administrator is Sonny Merryman, Inc..
I left Sonny Merryman. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Sonny Merryman, Inc., (434) 821-1000) or the recordkeeper, Ascensus Consulting, LLC. The Sonny Merryman old 401(k) page lists the contacts from every plan filing. Find an old Sonny Merryman 401(k)
Data from the public Form 5500 annual reports Sonny Merryman filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Sonny Merryman. Not financial advice. Report a correction · Methodology