Plan Ledger DOL Form 5500 · updated monthly

Miller Products, Inc.401(k)

MILLER PRODUCTS, INC. 401(K) PLAN · SEBRING, OH · plan year 2024

Reported admin expense ratio · 2024
0.54%

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

Miller Products, Inc. reported $124,942 in plan administrative expenses for 2024: 0.54% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,030 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 3 years on file its reported administrative ratio has held roughly steady near 0.54%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,118th-largest of 3,295 plans among Ohio employers on file, and the 5,098th of 13,661 in manufacturing. In 2024, employees put in $1.03 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$25,156,607
Participants with balances379
Active participants305
Employer contributions$619,264
Employee contributions$635,493
Employer contribution per active participant$2,030
Average account balance$66,376
Benefits paid to participants$961,950
Plan auditUnmodified (clean) audit opinion
AuditorHIRTH NORRIS & GARRISON LLP
Plan history3
Yearassets · accounts · employer contribution
2024$25.2M · 379 accts · $619K emplr
2023$21.5M · 398 accts
2022$20.1M · 356 accts · $324K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$73,944
Investment management$50,998
Total administrative$124,942
The Miller Products, Inc. 401(k) match · 2024
Employer contribution per active participant$2,030
Median for plans this size$2,416
2024$2,030 per active participant
2022$1,117 per active participant

Miller Products, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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
JOHN HANCOCK LIFE INSURANCE CO USA · Recordkeeping · Investment management$13,911
EDWARD D, JONES & CO., L.P. · Investment advisory (participants)$46,362
WILSHIRE ASSOCIATES INC · Investment advisory (participants)$4,636

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$124,942 · 0.54%
2023$108,612 · 0.52%
2022$119,060 · 0.53%
Same employer
Similar plansManufacturing · Ohio
Prime Conduit, Inc. OH$25.6M · 0.08%
Usui International Corp OH$25.3M · 0.50%
Adb Safegate Americas, LLC OH$25.2M · 0.10%
Haas Door Company OH$25.1M · 0.49%
Dlhbowles, Inc. OH$25.0M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 341351168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.