Plan Ledger DOL Form 5500 · updated monthly

Millennium Space Systems, Inc.401(k)

MILLENNIUM SPACE SYSTEMS, INC. 401(K) PLAN · EL SEGUNDO, CA · plan year 2024

Reported admin expense ratio · 2024
0.11%

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

Millennium Space Systems, Inc. reported $68,998 in plan administrative expenses for 2024: 0.11% of average plan assets, below the peer median. Employer contributions averaged $5,987 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 0.34% to 0.11%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,289th-largest of 9,483 plans among California employers on file, and the 1,991st of 11,654 in professional & technical services. In 2024, employees put in $1.65 for every $1.00 the employer contributed; active participation has grown from 549 to 984 since 2022.

Plan summary
Net assets, end of year$72,878,908
Participants with balances1,074
Active participants984
Employer contributions$5,891,048
Employee contributions$9,739,550
Employer contribution per active participant$5,987
Average account balance$67,857
Benefits paid to participants$4,623,111
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$72.9M · 1,074 accts · $5.9M emplr
2023$49.1M · 855 accts · $4.0M emplr
2022$30.4M · 577 accts · $2.8M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$68,998
Total administrative$68,998
The Millennium Space Systems, Inc. 401(k) match · 2024
Employer contribution per active participant$5,987
Median for plans this size$3,635
2024$5,987 per active participant
2023$4,746 per active participant
2022$5,078 per active participant

Millennium Space Systems, Inc.'s 2024 employer contribution ran above the $3,635 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 · 20241
FID INV INST OPS CO · Recordkeeping · Loan processing$68,998

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

Recordkeeper by year2
2024Fidelity
2023Fidelity

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Administrative cost history3
2024$68,998 · 0.11%
2023$40,935 · 0.10%
2022$104,790 · 0.34%
Similar plansProfessional & Technical Services · California
Travere Therapeutics, Inc. CA$73.5M · 0.03%
Maxlinear, Inc. CA$73.5M · 0.10%
Mannkind Corporation CA$73.3M · 0.23%
Prophet Brand Strategy CA$72.9M · 0.22%
Symphonyai, LLC CA$72.5M · 0.58%
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Source: U.S. Department of Labor, Form 5500 series, EIN 912166281 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.