Plan Ledger DOL Form 5500 · updated monthly

Miles Partnership LLC401(k)

MILES PARTNERSHIP LLC 401(K)PLAN · SARASOTA, FL · plan year 2024

Reported admin expense ratio · 2024
0.41%

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

Miles Partnership LLC reported $137,036 in plan administrative expenses for 2024: 0.41% of average plan assets, above the peer median. Employer contributions averaged $2,705 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 0.50% to 0.41%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 684th-largest of 3,644 plans among Florida employers on file, and the 3,504th of 11,654 in professional & technical services. In 2024, employees put in $3.31 for every $1.00 the employer contributed; active participation has grown from 258 to 379 since 2022.

Plan summary
Net assets, end of year$37,236,192
Participants with balances442
Active participants379
Employer contributions$1,025,377
Employee contributions$3,389,469
Employer contribution per active participant$2,705
Average account balance$84,245
Benefits paid to participants$1,686,279
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$37.2M · 442 accts · $1.0M emplr
2023$29.5M · 422 accts · $813K emplr
2022$22.2M · 329 accts · $651K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$54,128
Investment management$82,908
Total administrative$137,036
The Miles Partnership LLC 401(k) match · 2024
Employer contribution per active participant$2,705
Median for plans this size$2,416
2024$2,705 per active participant
2023$2,309 per active participant
2022$2,523 per active participant

Miles Partnership LLC's 2024 employer contribution ran above 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
FAIRCOURT PARTNERS LLC · Investment advisory (plan)$82,908
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$54,128

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

Administrative cost history3
2024$137,036 · 0.41%
2023$114,627 · 0.44%
2022$116,864 · 0.50%
Same employer
Similar plansProfessional & Technical Services · Florida
Axogen Corporation FL$37.6M · 0.41%
Bush Ross, P.A. FL$37.4M · 0.01%
Cdr Maguire, Inc. FL$36.9M · 0.64%
Ball Janik LLP FL$36.6M · 0.00%
Agilis Group, Inc. FL$35.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 020761404 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.