Plan Ledger DOL Form 5500 · updated monthly

Milton Industries, Inc.401(k)

MILTON INDUSTRIES 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

Milton Industries, Inc. reported $27,076 in plan administrative expenses for 2024: 0.51% of average plan assets, below the peer median. Employer contributions averaged $2,233 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 0.34% to 0.51%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Illinois (2,870th of 3,702), and 10,839th of 13,661 in manufacturing. In 2024, employees put in $1.88 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$5,723,680
Participants with balances176
Active participants158
Employer contributions$352,860
Employee contributions$663,755
Employer contribution per active participant$2,233
Average account balance$32,521
Benefits paid to participants$883,420
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$5.7M · 176 accts · $353K emplr
2023$4.8M · 188 accts · $328K emplr
2022$2.7M · 166 accts · $241K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,339
Investment management$16,737
Total administrative$27,076
The Milton Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$2,233
Median for plans this size$1,313
2024$2,233 per active participant
2023$1,667 per active participant
2022$1,587 per active participant

Milton Industries, Inc.'s 2024 employer contribution ran above the $1,313 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
GALLAGHER BENEFIT SERVICES INC DBA · Investment advisory (plan)$10,002
EMPOWER ADVISORY GROUP, LLC · Investment management$6,735

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$27,076 · 0.51%
2023$11,508 · 0.31%
2022$9,214 · 0.34%
Same employer
Similar plansManufacturing · Illinois
Plibrico Company LLC IL$5.8M · 0.48%
Flex-N-Gate Texas LLC IL$5.7M · 0.27%
Chemtech Plastics, Inc. IL$5.7M · 0.92%

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Source: U.S. Department of Labor, Form 5500 series, EIN 362135402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.