Meruelo Enterprises, Inc. 401(k) Plan: Login, Facts & Contact Information

Meruelo Enterprises, Inc. 401(k) Plan Facts

Plan name
MERUELO GROUP 401(K) PLAN AND TRUST
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
MERUELO ENTERPRISES, INC.
Participants
4,429 (3,047 active employees)
Former employees with a balance
1,026
Plan assets
$87,907,830 at Dec 31, 2022
Average account balance
$23,238 across 3,783 accounts
Employer contributions
$1,116,749 in plan year 2022 (8% of all contributions)
Recordkeeper
Great West Life & Annuity Insurance
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jan 1, 2000
✓ Employer contributions✓ Automatic enrollment— Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Sep 20, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $14.7 million went into the plan in contributions, $1.12 million of it from the employer (8%).
  • $10.6 million was paid out to participants.
  • Administrative expenses were $427,120, about $113 per account.

How the Meruelo Enterprises, Inc. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
20172,886$47.3 million$496,118$5.98 million
20183,122$58.9 million$1.14 million$7.05 million
20192,720$75.9 million$1.68 million$6.58 million
20204,370$91.1 million$402,068$9.75 million
20214,924$99.4 million$446,116$13.5 million
20224,429$87.9 million$1.12 million$10.6 million

Meruelo Enterprises, Inc. 401(k) Contact Information

Phone
562-745-2300
Mailing address
9550 FIRESTONE BLVD SUITE 105, DOWNEY CA 90241
Plan sponsor
MERUELO ENTERPRISES, INC.
Employer identification number (EIN)
33-0877730
Plan number
001

Questions about the Meruelo Enterprises, Inc. 401(k)

Does Meruelo Enterprises, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $1.12 million, 8% of all contributions.

Does the Meruelo Enterprises, Inc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the Meruelo Enterprises, Inc 401(k) plan?

4,429 participants at the start of plan year 2022, 3,047 of them active employees, and 1,026 former employees who still had money in the plan.

What is the average 401(k) balance at Meruelo Enterprises, Inc?

About $23,238 per account: $87.9 million in plan assets across 3,783 accounts with a balance at the end of plan year 2022.

Who manages the Meruelo Enterprises, Inc 401(k) accounts?

Empower (listed on the filing as GREAT WEST LIFE & ANNUITY INSURANCE) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Meruelo Enterprises, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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