Plan Ledger DOL Form 5500 · updated monthly

Midwest Holding Group, Inc.401(k)

MILLIS TRANSFER 401(K) SAVINGS PLAN · BLACK RIVER FALLS, WI · plan year 2023

Reported admin expense ratio · 2023
0.46%

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

Midwest Holding Group, Inc. reported $120,528 in plan administrative expenses for 2023: 0.46% of average plan assets, higher than ~75% of peers. Employer contributions averaged $877 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 0.40% to 0.45%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other transportation & warehousing employers. By assets it is the 677th-largest of 1,936 plans among Wisconsin employers on file, and the 592nd of 2,677 in transportation & warehousing. In 2023, employees put in $4.83 for every $1.00 the employer contributed; active participation has shrunk from 719 to 646 since 2022.

Plan summary
Net assets, end of year$27,664,941
Participants with balances750
Active participants646
Employer contributions$566,278
Employee contributions$2,735,780
Employer contribution per active participant$877
Average account balance$36,887
Benefits paid to participants$4,200,125
Plan auditUnmodified (clean) audit opinion
AuditorMEUWISSEN, FLYGARE, KADRLIK, & ASSO
Plan history4
Yearassets · accounts · employer contribution
2025$0
2024$24.9M · 782 accts · $516K emplr
2023$27.7M · 750 accts · $566K emplr
2022$25.2M · 723 accts · $651K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$66,513
Investment management$39,103
Trustee / custodial$14,912
Total administrative$120,528
The Midwest Holding Group, Inc. 401(k) match · 2023
Employer contribution per active participant$877
Median for plans this size$2,440
2024$809 per active participant
2023$877 per active participant
2022$905 per active participant

Midwest Holding Group, Inc.'s 2023 employer contribution ran below the $2,440 median for plans its size, in the bottom 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
WIPFLI LLP · Plan administrator · Recordkeeping$59,268
ROBERT W. BAIRD & CO, INC. · Investment advisory (participants) · Investment advisory (plan)$39,103
CHARLES SCHWAB BANK · Custodial (securities) · Trustee$14,912

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

Recordkeeper by year2
2024WIPFLI LLP
2023WIPFLI LLP

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Administrative cost history4
2025Not separately reported
2024$118,849 · 0.45%
2023$120,528 · 0.46%
2022$107,560 · 0.40%
Similar plansTransportation & Warehousing · Wisconsin
Kspg Holding USA, Inc. WI$88.1M · 0.23%
Warehouse Specialists, LLC WI$66.4M · 0.33%
Wb Holdings, Inc. WI$34.7M · 0.11%
Lamers Bus Lines, Inc. WI$26.6M · 0.03%
Wow Logistics Company WI$24.7M · 0.18%
Jht Holdings, Inc. WI$24.1M · 0.28%

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Source: U.S. Department of Labor, Form 5500 series, EIN 270959179 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.