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MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 401k Plan overview

Plan NameMERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN
Plan identification number 002

MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN Benefits

401k Plan TypeDefined Contribution Pension
Plan Features/Benefits
  • Stock bonus
  • Leveraged ESOP - An ESOP that acquires employer securities with borrowed money or other debt-financing techniques. A completed Schedule E must be attached to a Form 5500 filed for an ESOP.
  • The employer maintaining this ESOP is an S Corporation
  • Plan requiring that all or part of employer contributions be invested and held, at least for a limited period, in employer securities.

401k Sponsoring company profile

MERIT CONSTRUCTION HOLDING COMPANY has sponsored the creation of one or more 401k plans.

Company Name:MERIT CONSTRUCTION HOLDING COMPANY
Employer identification number (EIN):854019795
NAIC Classification:238100

Form 5500 Filing Information

Submission information for form 5500 for 401k plan MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Plan id# Filing Submission Date Name of Administrator Date Administrator SignedName of Company SponsorDate Sponsor Signed
0022022-01-01
0022021-01-01

Plan Statistics for MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

401k plan membership statisitcs for MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022: MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k membership
Total participants, beginning-of-year2022-01-0176
Total number of active participants reported on line 7a of the Form 55002022-01-0166
Number of retired or separated participants receiving benefits2022-01-011
Number of other retired or separated participants entitled to future benefits2022-01-0110
Total of all active and inactive participants2022-01-0177
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2022-01-011
Total participants2022-01-0178
Number of participants with account balances2022-01-0178
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2022-01-015
2021: MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k membership
Total participants, beginning-of-year2021-01-0175
Total number of active participants reported on line 7a of the Form 55002021-01-0169
Number of retired or separated participants receiving benefits2021-01-010
Number of other retired or separated participants entitled to future benefits2021-01-015
Total of all active and inactive participants2021-01-0174
Number of deceased participants whose beneficiaries are receiving or are entitled to receive benefits2021-01-011
Total participants2021-01-0175
Number of participants with account balances2021-01-0170
Participants that terminated employment during the plan year with accrued benefits that were less than 100% vested2021-01-012

Financial Data on MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

Measure Date Value
2022 : MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 401k financial data
Total plan liabilities at end of year2022-12-31$19,424,411
Total plan liabilities at beginning of year2022-12-31$20,069,834
Total income from all sources2022-12-31$5,049,900
Expenses. Total of all expenses incurred2022-12-31$244,477
Benefits paid (including direct rollovers)2022-12-31$999
Total plan assets at end of year2022-12-31$7,890,000
Total plan assets at beginning of year2022-12-31$3,730,000
Value of fidelity bond covering the plan2022-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2022-12-31$243,478
Other income received2022-12-31$4,160,000
Net income (gross income less expenses)2022-12-31$4,805,423
Net plan assets at end of year (total assets less liabilities)2022-12-31$-11,534,411
Net plan assets at beginning of year (total assets less liabilities)2022-12-31$-16,339,834
Assets. Value of employer securities2022-12-31$7,890,000
Total contributions received or receivable from employer(s)2022-12-31$889,900
2021 : MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 401k financial data
Total plan liabilities at end of year2021-12-31$20,069,834
Total plan liabilities at beginning of year2021-12-31$0
Total income from all sources2021-12-31$-17,214,395
Expenses. Total of all expenses incurred2021-12-31$425,439
Total plan assets at end of year2021-12-31$3,730,000
Total plan assets at beginning of year2021-12-31$1,300,000
Value of fidelity bond covering the plan2021-12-31$1,000,000
Expenses. Other expenses not covered elsewhere2021-12-31$425,439
Other income received2021-12-31$-18,103,296
Net income (gross income less expenses)2021-12-31$-17,639,834
Net plan assets at end of year (total assets less liabilities)2021-12-31$-16,339,834
Net plan assets at beginning of year (total assets less liabilities)2021-12-31$1,300,000
Assets. Value of employer securities2021-12-31$3,730,000
Total contributions received or receivable from employer(s)2021-12-31$888,901
Total value of distributions paid in property other than in cash, annuity contracts, or publicly traded employer securities2021-12-31$0

Form 5500 Responses for MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN

2022: MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2022 form 5500 responses
2022-01-01Type of plan entitySingle employer plan
2022-01-01Submission has been amendedNo
2022-01-01This submission is the final filingNo
2022-01-01This return/report is a short plan year return/report (less than 12 months)No
2022-01-01Plan is a collectively bargained planNo
2022-01-01Plan funding arrangement – TrustYes
2022-01-01Plan benefit arrangement - TrustYes
2021: MERIT CONSTRUCTION COMPANY EMPLOYEE STOCK OWNERSHIP PLAN 2021 form 5500 responses
2021-01-01Type of plan entitySingle employer plan
2021-01-01First time form 5500 has been submittedYes
2021-01-01Submission has been amendedNo
2021-01-01This submission is the final filingNo
2021-01-01This return/report is a short plan year return/report (less than 12 months)No
2021-01-01Plan is a collectively bargained planNo
2021-01-01Plan funding arrangement – TrustYes
2021-01-01Plan benefit arrangement - TrustYes

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