Plan Ledger DOL Form 5500 · updated monthly

Miles Sand & Gravel Company401(k)

MILES SAND & GRAVEL COMPANY PROFIT SHARING PLAN AND TRUST · PUYALLUP, WA · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Miles Sand & Gravel Company reported $92,966 in plan administrative expenses for 2024: 0.17% of average plan assets, above the peer median. Employer contributions averaged $8,197 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 3 years on file its reported administrative ratio has held roughly steady near 0.172%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 301st-largest of 1,714 plans among Washington employers on file, and the 2,825th of 13,661 in manufacturing. In 2024, the employer put in $1.91 for every $1.00 employees contributed themselves; active participation has grown from 415 to 513 since 2022.

Plan summary
Net assets, end of year$58,107,344
Participants with balances461
Active participants513
Employer contributions$4,205,229
Employee contributions$2,197,351
Employer contribution per active participant$8,197
Average account balance$126,046
Benefits paid to participants$3,076,115
Plan auditUnmodified (clean) audit opinion
AuditorPATRICIA A COVENTRY CPA PS
Plan history3
Yearassets · accounts · employer contribution
2024$58.1M · 461 accts · $4.2M emplr
2023$49.8M · 438 accts · $3.9M emplr
2022$40.7M · 443 accts · $2.7M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$92,966
Total administrative$92,966
The Miles Sand & Gravel Company 401(k) match · 2024
Employer contribution per active participant$8,197
Median for plans this size$3,635
2024$8,197 per active participant
2023$7,764 per active participant
2022$6,493 per active participant

Miles Sand & Gravel Company's 2024 employer contribution ran above the $3,635 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$92,965
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$92,966 · 0.17%
2023$76,158 · 0.17%
2022$77,877 · 0.17%
Same employer
Similar plansManufacturing · Washington
Norpac Resources, LLC WA$60.7M · 0.19%
Zetron, Inc. WA$60.0M · 0.05%
Jamco America Inc. WA$58.7M · 0.13%
Hotstart, Inc. WA$56.2M · 0.00%
Unisea, Inc. WA$52.8M · 0.17%
Usnr, LLC WA$51.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910815076 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.