Plan Ledger DOL Form 5500 · updated monthly

Millard Lumber Inc.401(k)

MILLARD LUMBER INC. SALARY SAVINGS PLAN · OMAHA, NE · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Millard Lumber Inc. reported $95,869 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,801 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 0.473%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 234th-largest of 565 plans among Nebraska employers on file, and the 1,386th of 5,215 in retail trade. In 2024, employees put in $2.56 for every $1.00 the employer contributed; active participation has grown from 191 to 243 since 2022.

Plan summary
Net assets, end of year$21,269,123
Participants with balances276
Active participants243
Employer contributions$437,705
Employee contributions$1,122,517
Employer contribution per active participant$1,801
Average account balance$77,062
Benefits paid to participants$1,678,050
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.3M · 276 accts · $438K emplr
2023$19.3M · 260 accts · $385K emplr
2022$16.7M · 191 accts · $287K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$95,869
Total administrative$95,869
The Millard Lumber Inc. 401(k) match · 2024
Employer contribution per active participant$1,801
Median for plans this size$2,416
2024$1,801 per active participant
2023$1,696 per active participant
2022$1,504 per active participant

Millard Lumber Inc.'s 2024 employer contribution ran below 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 · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$83,862
ASCENSUS · Contract administrator · Other services$12,007
HUB INVESTMENT ADVISORS, INC · 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$95,869 · 0.47%
2023$73,703 · 0.41%
2022$85,246 · 0.47%
Same employer
Similar plansRetail Trade · Nebraska
21ST Century Equipment, LLC NE$42.6M · 0.02%
Speedway Motors, Inc. NE$36.7M · 0.11%
Sapp Bros., Inc. NE$30.5M · 0.47%
Eakes, Inc. NE$25.2M · 0.33%
H&H Automotive LLC NE$21.1M · 0.38%
Omaha Track, Inc. NE$17.7M · 0.50%
Builders Warehouse, Inc. NE$17.2M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 470363213 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.