Plan Ledger DOL Form 5500 · updated monthly

Miller & Martin PLLC401(k)

MILLER & MARTIN PROFIT SHARING PLAN · CHATTANOOGA, TN · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Miller & Martin PLLC reported $60,307 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $12,953 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 0.11% to 0.05%. 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 132nd-largest of 1,496 plans among Tennessee employers on file, and the 1,126th of 11,654 in professional & technical services. In 2024, employees put in $1.04 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$138,206,163
Participants with balances262
Active participants176
Employer contributions$2,279,744
Employee contributions$2,381,457
Employer contribution per active participant$12,953
Average account balance$527,504
Benefits paid to participants$4,367,748
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$138.2M · 262 accts · $2.3M emplr
2023$122.2M · 284 accts · $2.2M emplr
2022$104.7M · 291 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Investment management$41,307
Audit (IQPA)$19,000
Total administrative$60,307
The Miller & Martin PLLC 401(k) match · 2024
Employer contribution per active participant$12,953
Median for plans this size$3,635
2024$12,953 per active participant
2023$12,768 per active participant
2022$12,228 per active participant

Miller & Martin PLLC'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
CAPFINANCIAL PARTNERS LLC · Investment advisory (plan)$41,250
LBMC, PC · Accounting / audit$19,000
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processingindirect 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$60,307 · 0.05%
2023$39,992 · 0.04%
2022$131,968 · 0.11%
Same employer
Similar plansProfessional & Technical Services · Tennessee
Gresham Smith TN$224.7M · 0.12%
Barge Design Solutions, Inc. TN$142.0M · 0.25%
Healthstream, Inc. TN$99.0M · 0.26%

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Source: U.S. Department of Labor, Form 5500 series, EIN 620449014 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.