The Merit Distribution Group, Llc 401(k) Plan: Login, Facts & Contact Information

The Merit Distribution Group, Llc 401(k) Plan Facts

Plan name
MERIT DISTRIBUTION GROUP 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
THE MERIT DISTRIBUTION GROUP, LLC
Participants
601 (328 active employees)
Former employees with a balance
145
Plan assets
$26,819,330 at Dec 31, 2024
Average account balance
$59,865 across 448 accounts
Employer contributions
$577,924 in plan year 2024 (26% of all contributions)
Recordkeeper
Principal Life Insurance Company
Plan year
Jan 1, 2024 – Dec 31, 2024
Plan established
Jan 1, 1985
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 2024 (Jan 1, 2024 – Dec 31, 2024), filed Aug 27, 2025. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2024

  • $2.25 million went into the plan in contributions, $577,924 of it from the employer (26%).
  • $5.82 million was paid out to participants.
  • Investment and other income added $3.15 million.
  • Administrative expenses were $109,014, about $243 per account.

How the The Merit Distribution Group, Llc 401(k) changed, 20192024

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2019478$22.8 million$471,102$3.10 million
2020533$26.2 million$450,815$1.46 million
2021587$29.8 million$638,427$1.94 million
2022909$25.3 million$773,660$5.43 million
2023689$27.4 million$660,011$4.56 million
2024601$26.8 million$577,924$5.82 million

The Merit Distribution Group, Llc 401(k) Contact Information

Phone
864-699-3520
Mailing address
1310 UNION ST, SPARTANBURG SC 293023342
Plan sponsor
THE MERIT DISTRIBUTION GROUP, LLC
Employer identification number (EIN)
45-2595304
Plan number
001

Questions about the The Merit Distribution Group, Llc 401(k)

Does The Merit Distribution Group, Llc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2024 the employer contributed $577,924, 26% of all contributions.

Does the The Merit Distribution Group, Llc 401(k) have automatic enrollment?

Yes. The plan reports automatic enrollment of eligible employees.

How many people are in the The Merit Distribution Group, Llc 401(k) plan?

601 participants at the start of plan year 2024, 328 of them active employees, and 145 former employees who still had money in the plan.

What is the average 401(k) balance at The Merit Distribution Group, Llc?

About $59,865 per account: $26.8 million in plan assets across 448 accounts with a balance at the end of plan year 2024.

Who manages the The Merit Distribution Group, Llc 401(k) accounts?

Principal (listed on the filing as PRINCIPAL LIFE INSURANCE COMPANY) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at The Merit Distribution Group, Llc. How do I access my 401(k)?

Your account stays with Principal 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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