Plan Ledger DOL Form 5500 · updated monthly

Mills-James Inc401(k)

MILLS-JAMES INC 401(K) PROFIT SHARING PLAN & TRUST · HILLIARD, OH · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Mills-James Inc reported $35,603 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $1,259 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 0.17% to 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other information & media employers. By assets it is the 1,287th-largest of 3,295 plans among Ohio employers on file, and the 1,005th of 2,199 in information & media. In 2024, employees put in $3.51 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$20,689,883
Participants with balances289
Active participants251
Employer contributions$316,084
Employee contributions$1,110,294
Employer contribution per active participant$1,259
Average account balance$71,591
Benefits paid to participants$3,244,785
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$20.7M · 289 accts · $316K emplr
2023$19.4M · 287 accts · $284K emplr
2022$16.6M · 270 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$2,999
Investment management$31,744
Trustee / custodial$860
Total administrative$35,603
The Mills-James Inc 401(k) match · 2024
Employer contribution per active participant$1,259
Median for plans this size$2,416
2024$1,259 per active participant
2023$1,205 per active participant

Mills-James Inc's 2024 employer contribution ran below the $2,416 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 · 20241
MORGAN STANLEY GLOBAL BANKING OPERA · Investment advisory (participants)$31,490

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$35,603 · 0.18%
2023$28,866 · 0.16%
2022$28,933 · 0.17%
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Source: U.S. Department of Labor, Form 5500 series, EIN 311141064 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.