Plan Ledger DOL Form 5500 · updated monthly

Miller and Sons, Inc.401(k)

MILLER AND SONS, INC. 401(K) PROFIT SHARING PLAN · VERONA, WI · plan year 2024

Reported admin expense ratio · 2024
0.64%

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

Miller and Sons, Inc. reported $30,066 in plan administrative expenses for 2024: 0.64% of average plan assets, above the peer median. Employer contributions averaged $354 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 0.87% to 0.64%. 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 Wisconsin (1,632nd of 1,936), and 3,794th of 5,215 in retail trade. In 2024, employees put in $4.33 for every $1.00 the employer contributed; active participation has grown from 119 to 160 since 2022.

Plan summary
Net assets, end of year$4,904,285
Participants with balances112
Active participants160
Employer contributions$56,644
Employee contributions$245,500
Employer contribution per active participant$354
Average account balance$43,788
Benefits paid to participants$303,816
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$4.9M · 112 accts · $57K emplr
2023$4.4M · 112 accts · $73K emplr
2022$3.6M · 104 accts · $72K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$25,163
Audit (IQPA)$4,903
Total administrative$30,066
The Miller and Sons, Inc. 401(k) match · 2024
Employer contribution per active participant$354
Median for plans this size$1,313
2024$354 per active participant
2023$364 per active participant
2022$605 per active participant

Miller and Sons, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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.

Administrative cost history3
2024$30,066 · 0.64%
2023$34,965 · 0.87%
2022$35,635 · 0.87%
Similar plansRetail Trade · Wisconsin
Hudson Ford LLC WI$5.6M · 0.51%
Herrschners, Inc. WI$5.2M · 0.72%
Marling Lumber Company WI$4.8M · 0.79%
Buechel Stone Corp. WI$4.7M · 0.78%
Brunsell Brothers LTD WI$4.4M · 0.47%

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Source: U.S. Department of Labor, Form 5500 series, EIN 391102464 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.