Plan Ledger DOL Form 5500 · updated monthly

Milliman401(k)

MILLIMAN, INC. PROFIT SHARING AND RETIREMENT PLAN · SEATTLE, WA · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Milliman reported $319,883 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $15,628 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 0.016%. The plan sits in the over $1B size bracket, benchmarked here against 1,229 comparable plans and shown alongside other professional & technical services employers. By assets it is the 16th-largest of 1,714 plans among Washington employers on file, and the 77th of 11,654 in professional & technical services. In 2024, the employer put in $1.27 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$2,120,215,249
Participants with balances5,272
Active participants3,598
Employer contributions$56,228,736
Employee contributions$44,157,390
Employer contribution per active participant$15,628
Average account balance$402,165
Benefits paid to participants$129,550,809
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$2.1B · 5,272 accts · $56.2M emplr
2023$1.9B · 5,215 accts · $53.3M emplr
2022$1.6B · 5,176 accts · $48.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$16,570
Investment management$125,325
Audit (IQPA)$26,040
Trustee / custodial$151,216
Total administrative$319,883
The Milliman 401(k) match · 2024
Employer contribution per active participant$15,628
Median for plans this size$5,259
2024$15,628 per active participant
2023$14,889 per active participant
2022$14,051 per active participant

Milliman's 2024 employer contribution ran above the $5,259 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.

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 · 20245
MILLIMAN, INC. · Recordkeeping · Loan processing$16,570
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)$151,216
COOK STREET CONSULTING · Consulting · Investment advisory (plan)$125,325
MOSS ADAMS LLP · Accounting / audit$26,040
CHARLES SCHWAB & CO, INC. · Custodial (securities)indirect comp

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

Recordkeeper by year2
2024Milliman
2023Milliman

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

Administrative cost history3
2024$319,883 · 0.02%
2023$319,168 · 0.02%
2022$277,627 · 0.02%
Same employer
Similar plansProfessional & Technical Services · Washington
Amazon.com Services, LLC WA$34.6B · 0.02%
Amazon.com Services,Llc WA$26.2B · 0.02%
Slalom, Inc. WA$1.6B · 0.06%
Perkins Coie LLP WA$1.3B · 0.02%
F5, Inc. WA$1.1B · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 910675641 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.