Plan Ledger DOL Form 5500 · updated monthly

Millennium Corporation401(k)

MILLENNIUM CORPORATION 401(K) PLAN · ARLINGTON, VA · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Millennium Corporation reported $126,186 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,860 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 0.48%. 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 770th-largest of 2,266 plans among Virginia employers on file, and the 4,349th of 11,654 in professional & technical services. In 2024, employees put in $1.92 for every $1.00 the employer contributed; active participation has grown from 330 to 370 since 2022.

Plan summary
Net assets, end of year$28,330,898
Participants with balances580
Active participants370
Employer contributions$1,428,191
Employee contributions$2,738,343
Employer contribution per active participant$3,860
Average account balance$48,846
Benefits paid to participants$3,712,309
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$28.3M · 580 accts · $1.4M emplr
2023$23.8M · 583 accts · $1.5M emplr
2022$18.2M · 514 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$82,466
Investment management$43,720
Total administrative$126,186
The Millennium Corporation 401(k) match · 2024
Employer contribution per active participant$3,860
Median for plans this size$2,416
2024$3,860 per active participant
2023$4,182 per active participant
2022$3,676 per active participant

Millennium Corporation'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$82,465
NORTHWESTERN MUTUAL INVESTMENT SERV · Recordkeeping · Trustee$43,720
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP, NORTHWESTERN MUTUAL INVESTMENT SERV
2023ADP, NORTHWESTERN MUTUAL INVESTMENT SERV

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Administrative cost history3
2024$126,186 · 0.48%
2023$109,460 · 0.52%
2022$96,505 · 0.51%
Same employer
Similar plansProfessional & Technical Services · Virginia
2 Circle Incorporated VA$29.3M · 0.40%
Rees Broome, PC VA$29.3M · 0.31%
Next Tier Concepts, Inc. VA$29.2M · 0.37%
Higher Logic, LLC VA$29.1M · 0.47%
Ntiva, Inc. VA$28.3M · 0.35%
Cape Fox Shared Services VA$28.1M · 0.51%
Logos Technologies LLC VA$28.1M · 0.00%

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Source: U.S. Department of Labor, Form 5500 series, EIN 050594773 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.