Plan Ledger DOL Form 5500 · updated monthly

Milam, Inc.401(k)

DINSMORE AUTO GROUP 401(K) PLAN · PUYALLUP, WA · plan year 2023

Reported admin expense ratio · 2023
0.91%

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

Milam, Inc. reported $32,605 in plan administrative expenses for 2023: 0.91% of average plan assets, higher than ~75% of peers. Employer contributions averaged $442 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 1 year on file its reported administrative ratio rose from 0.76% to 0.91%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Washington (1,409th of 1,714), and 3,994th of 5,215 in retail trade. In 2023, employees put in $9.23 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,210,357
Participants with balances217
Active participants190
Employer contributions$84,061
Employee contributions$775,798
Employer contribution per active participant$442
Average account balance$19,403
Benefits paid to participants$311,923
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA,P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0
2023$4.2M · 217 accts · $84K emplr
2022$3.0M · 195 accts · $32K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$15,658
Investment management$16,947
Total administrative$32,605
The Milam, Inc. 401(k) match · 2023
Employer contribution per active participant$442
Median for plans this size$1,308
2023$442 per active participant
2022$176 per active participant

Milam, Inc.'s 2023 employer contribution ran below the $1,308 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 · 20232
NEWPORT GROUP, INC. · Contract administrator · Recordkeeping$16,657
FORTUNE 360 GROUP LLC · Investment advisory (participants) · Investment advisory (plan)$16,947

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

Administrative cost history3
2024Not separately reported
2023$32,605 · 0.91%
2022$20,649 · 0.76%
Similar plansRetail Trade · Washington
New Nwf LLC WA$4.9M · 0.15%
Hardware Sales, Inc. WA$4.8M · 0.81%
Juvo Plus Inc. WA$4.5M · 1.09%
Kaspien Inc. WA$4.0M · 1.02%
Thrive Causemetics, Inc. WA$3.9M · 0.17%
Sunfair Chevrolet, Inc. WA$3.4M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910698642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.