Plan Ledger DOL Form 5500 · updated monthly

Milo's Restaurant Holdings, LLC401(k)

MILO'S HAMBURGERS 401(K) PLAN · VESTAVIA HILLS, AL · plan year 2022

Employer contribution per participant · 2022
$1,154

Milo's Restaurant Holdings, LLC's 2022 Form 5500 did not separately report plan administrative expenses, which is common where recordkeeping is paid through investment revenue-sharing or a master trust. The plan held $2,314,934 across 75 participant accounts, with employer contributions averaging $1,154 per active participant. See methodology for what Form 5500 does and doesn't capture.

The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other accommodation & food services employers. By assets it is among the smaller plans on file in Alabama (781st of 902), and 1,352nd of 2,240 in accommodation & food services. In 2022, employees put in $1.21 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,314,934
Participants with balances75
Active participants151
Employer contributions$174,187
Employee contributions$211,578
Employer contribution per active participant$1,154
Average account balance$30,866
Benefits paid to participants$110,719
Plan auditUnmodified (clean) audit opinion
AuditorABBOT, LIVINGS, SMITH & HIGGINS, PC
Administrative expenses, itemized · 2022
Investment management$283
Total administrative-$6,298
The Milo's Restaurant Holdings, LLC 401(k) match · 2022
Employer contribution per active participant$1,154
Median for plans this size$1,114

Milo's Restaurant Holdings, LLC's 2022 employer contribution ran above the $1,114 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.

Similar plansAccommodation & Food Services · Alabama
Pathway, Inc. AL$3.5M · 0.07%
Taco Casa, Inc. AL$2.6M · 0.46%
Sentinels, LLC AL$379K · 1.78%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364714633 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.