Miller Electric CompanyESOP
MILLER ELECTRIC COMPANY EMPLOYEE STOCK OWNERSHIP PLAN AND TRUST · JACKSONVILLE, FL · plan year 2023
Peer grade: A · admin costs + employer contributions vs same-size plans · how grading works
Miller Electric Company reported $46,862 in plan administrative expenses for 2023: 0.06% of average plan assets, lower than ~75% of peers. Employer contributions averaged $14,743 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 0.08% to 0.07%. The plan sits in the $50M–$250M size bracket, benchmarked here against 9,317 comparable plans and shown alongside other construction employers. By assets it is the 303rd-largest of 3,644 plans among Florida employers on file, and the 581st of 5,337 in construction. active participation has grown from 466 to 525 since 2022.
Miller Electric Company's 2023 employer contribution ran above the $3,659 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 590361850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.