Plan Ledger DOL Form 5500 · updated monthly

Miller Industries, Inc.401(k)

MILLER INDUSTRIES, INC.401(K) PLAN · OOLTEWAH, TN · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Miller Industries, Inc. reported $216,895 in plan administrative expenses for 2024: 0.37% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,331 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 rose from 0.35% to 0.37%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 243rd-largest of 1,496 plans among Tennessee employers on file, and the 2,676th of 13,661 in manufacturing. In 2024, employees put in $2.66 for every $1.00 the employer contributed; active participation has grown from 1,204 to 1,448 since 2022.

Plan summary
Net assets, end of year$63,050,647
Participants with balances1,390
Active participants1,448
Employer contributions$1,927,650
Employee contributions$5,124,909
Employer contribution per active participant$1,331
Average account balance$45,360
Benefits paid to participants$6,583,367
Plan auditUnmodified (clean) audit opinion
AuditorLBMC,PC
Plan history3
Yearassets · accounts · employer contribution
2024$63.1M · 1,390 accts · $1.9M emplr
2023$55.5M · 1,279 accts · $1.6M emplr
2022$47.5M · 1,152 accts · $1.4M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$146,883
Investment management$70,012
Total administrative$216,895
The Miller Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,331
Median for plans this size$3,635
2024$1,331 per active participant
2023$1,199 per active participant
2022$1,169 per active participant

Miller Industries, Inc.'s 2024 employer contribution ran below the $3,635 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.

Service providers · 20243
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$96,899
RAYMOND JAMES & ASSOCIATES, INC. · Investment advisory (plan)$70,012
ORENDA RETIREMENT, LLC · Contract administrator$49,984

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$216,895 · 0.37%
2023$191,245 · 0.37%
2022$174,477 · 0.35%
Same employer
Similar plansManufacturing · Tennessee
The Carlstar Group LLC TN$68.9M · 0.35%
Microport Orthopedics Inc. TN$66.6M · 0.18%
Bush Brothers & Company TN$66.3M · 0.23%
Nuclear Fuel Services, Inc. TN$65.5M · 0.06%
Kasai North America, Inc. TN$55.7M · 0.79%
Southern Champion Tray, L P TN$55.4M · 0.40%
Steel Connect, Inc. TN$54.3M · 0.02%
Gibson Brands, Inc. TN$53.5M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621566286 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.