Plan Ledger DOL Form 5500 · updated monthly

L.W. Miller Professional Services Inc.401(k) + ESOP (KSOP)

L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP PLAN · LOGAN, UT · plan year 2024

Reported admin expense ratio · 2024
0.94%

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

L.W. Miller Professional Services Inc. reported $53,414 in plan administrative expenses for 2024: 0.94% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,691 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 fell from 1.92% to 0.94%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Utah (576th of 848), and 1,526th of 2,677 in transportation & warehousing. In 2024, employees put in $1.10 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,855,792
Participants with balances189
Active participants112
Employer contributions$301,444
Employee contributions$330,822
Employer contribution per active participant$2,691
Average account balance$30,983
Benefits paid to participants$945,852
Plan auditUnmodified (clean) audit opinion
AuditorJONES SIMKINS LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.9M · 189 accts · $301K emplr
2023$5.5M · 242 accts · $171K emplr
2022$5.5M · 273 accts · $291K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$21,696
Investment management$31,718
Total administrative$53,414
The L.W. Miller Professional Services Inc. 401(k) match · 2024
Employer contribution per active participant$2,691
Median for plans this size$1,313
2024$2,691 per active participant
2023$1,528 per active participant
2022$2,691 per active participant

L.W. Miller Professional Services Inc.'s 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top quarter of its peers. 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 · 20244
ONEAMERICA RETIREMENT SERVICES · Recordkeeping · Loan processing$21,696
RESOURCES INVESTMENT ADVISORS · Investment advisory (plan)$31,718
ADAMS WEALTH ADVISORS · Investment advisory (plan)indirect comp
MATRIX TRUST COMPANY · Custodial · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$53,414 · 0.94%
2023$105,776 · 1.92%
2022$129,748 · 1.92%
Similar plansTransportation & Warehousing · Utah
Utah Tank & Trailer, LLC UT$4.0M · 0.48%
D & a McRae, Inc. UT$3.9M · 1.05%

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Source: U.S. Department of Labor, Form 5500 series, EIN 820571300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.