Plan Ledger DOL Form 5500 · updated monthly

Miller Refrigeration, Inc.401(k)

MILLER REFRIGERATION, INC. PROFIT SHARING PLAN · BALTIMORE, MD · plan year 2024

Reported admin expense ratio · 2024
0.48%

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

Miller Refrigeration, Inc. reported $49,594 in plan administrative expenses for 2024: 0.48% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,810 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 0.39% to 0.48%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (956th of 1,671), and 2,972nd of 5,337 in construction. In 2024, employees put in $1.15 for every $1.00 the employer contributed; active participation has grown from 118 to 161 since 2022.

Plan summary
Net assets, end of year$10,837,913
Participants with balances176
Active participants161
Employer contributions$452,378
Employee contributions$518,020
Employer contribution per active participant$2,810
Average account balance$61,579
Benefits paid to participants$1,148,268
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 176 accts · $452K emplr
2023$9.8M · 148 accts · $377K emplr
2022$8.6M · 122 accts · $229K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,594
Total administrative$49,594
The Miller Refrigeration, Inc. 401(k) match · 2024
Employer contribution per active participant$2,810
Median for plans this size$2,416
2024$2,810 per active participant
2023$2,901 per active participant
2022$1,942 per active participant

Miller Refrigeration, Inc.'s 2024 employer contribution ran above 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 · 20244
GREENSPRING ADVISORS, LLC · Investment advisory (plan)$27,040
CAPITAL GROUP RETIREMENT PLAN SERV$18,174
BD & COMPANY INC$9,500
COASTAL PENSION SERVICES, · Contract administrator$1,205

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$49,594 · 0.48%
2023$41,814 · 0.46%
2022$34,619 · 0.39%
Same employer
Similar plansConstruction · Maryland
M. T. Laney Company, Inc. MD$11.2M · 0.49%
W.M. Schlosser Co., Inc. MD$10.9M · 0.20%
Ben Lewis Plumbing MD$10.7M · 0.55%
Genco Masonry, Inc. MD$10.7M · 0.41%
The Joy Companies, Inc. MD$10.5M · 0.73%

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Source: U.S. Department of Labor, Form 5500 series, EIN 521504614 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.