Plan Ledger DOL Form 5500 · updated monthly

Millennium Wireless Technology, Inc.401(k)

MILLENNIUM WIRELESS TECHNOLOGY, INC. 401(K) PROFIT SHARING PLAN · TROY, MI · plan year 2024

Reported admin expense ratio · 2024
1.84%

Millennium Wireless Technology, Inc. reported $26,088 in plan administrative expenses for 2024: 1.84% of average plan assets, higher than ~90% of peers. 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 rose from 1.66% to 1.84%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Michigan (2,414th of 2,619), and 4,771st of 5,215 in retail trade. active participation has grown from 119 to 186 since 2022.

Plan summary
Net assets, end of year$1,630,033
Participants with balances185
Active participants186
Employer contributions—
Employee contributions$561,052
Employer contribution per active participant—
Average account balance$8,811
Benefits paid to participants$280,418
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.6M · 185 accts
2023$1.2M · 159 accts
2022$708K · 107 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$26,088
Total administrative$26,088
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$21,088
THE BENEFIT ADVANTAGE INC · Contract administrator · Other services$5,056
STIFEL NICOLAUS & COMPANY INC · Other servicesindirect 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$26,088 · 1.84%
2023$17,030 · 1.79%
2022$11,221 · 1.66%
Same employer
Similar plansRetail Trade · Michigan
Carite Inc. MI$1.8M · 0.24%
Krlfm Inc MI$1.7M · 0.29%
Home Appliance Mart, Inc MI$1.5M · 0.23%
Jars Holdings LLC MI$1.5M · 0.42%
Coach Road Capital, LLC MI$1.4M · 1.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 383433902 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.