Plan Ledger DOL Form 5500 · updated monthly

Frank Miller Lumber Company Inc401(k)

FRANK MILLER LUMBER COMPANY, INC. EMPLOYEES RETIREMENT PLAN · UNION CITY, IN · plan year 2024

Reported admin expense ratio · 2024
0.48%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Frank Miller Lumber Company Inc reported $66,733 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,054 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio rose from 0.42% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 727th-largest of 1,562 plans among Indiana employers on file, and 7,186th of 13,661 in manufacturing. In 2024, employees put in $1.85 for every $1.00 the employer contributed; active participation has grown from 109 to 124 since 2022.

Plan summary
Net assets, end of year$14,671,561
Participants with balances124
Active participants124
Employer contributions$254,700
Employee contributions$469,966
Employer contribution per active participant$2,054
Average account balance$118,319
Benefits paid to participants$1,338,528
Plan auditUnmodified (clean) audit opinion
AuditorDULIN, WARD & DEWALD, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 124 accts · $255K emplr
2023$13.3M · 125 accts · $251K emplr
2022$11.0M · 121 accts · $240K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$36,291
Investment management$30,442
Total administrative$66,733
The Frank Miller Lumber Company Inc 401(k) match · 2024
Employer contribution per active participant$2,054
Median for plans this size$2,416
2024$2,054 per active participant
2023$2,327 per active participant
2022$2,204 per active participant

Frank Miller Lumber Company Inc's 2024 employer contribution ran below the $2,416 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
TRANSAMERICA RETIREMENT SOLUTIONS · Recordkeeping · Loan processing$36,291
EVERHART ADVISORS · Consulting · Investment advisory (plan)$30,442

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024Transamerica
2023Transamerica

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Administrative cost history3
2024$66,733 · 0.48%
2023$56,911 · 0.47%
2022$53,732 · 0.42%
Same employer
Similar plansManufacturing · Indiana
Uniseal Inc. IN$15.1M · 0.36%
Aero Metals, Inc. IN$15.1M · 0.33%
Schafer Industries Inc. IN$14.7M · 0.11%
Nap Asset Holdings, LTD IN$14.6M · 0.52%
Messenger, LLC IN$14.5M · 0.23%
Pmg Indiana LLC IN$14.4M · 0.02%
Dorel Juvenile Group, Inc. IN$14.3M · 0.37%

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Source: U.S. Department of Labor, Form 5500 series, EIN 351076932 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.