Plan Ledger DOL Form 5500 · updated monthly

Miltons Distributing Co., Inc.401(k)

MILTON'S DISTRIBUTING CO., INC. 401(K) PLAN · MANSFIELD, MA · plan year 2024

Reported admin expense ratio · 2024
0.50%

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

Miltons Distributing Co., Inc. reported $55,675 in plan administrative expenses for 2024: 0.50% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,454 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 0.38% to 0.50%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Massachusetts (1,740th of 2,726), and 2,686th of 4,246 in wholesale trade. In 2024, employees put in $1.30 for every $1.00 the employer contributed; active participation has shrunk from 150 to 128 since 2022.

Plan summary
Net assets, end of year$11,947,590
Participants with balances176
Active participants128
Employer contributions$570,152
Employee contributions$738,559
Employer contribution per active participant$4,454
Average account balance$67,884
Benefits paid to participants$1,033,027
Plan auditUnmodified (clean) audit opinion
AuditorERNEST LOEWENWARTER & CO. LLP
Plan history3
Yearassets · accounts · employer contribution
2024$11.9M · 176 accts · $570K emplr
2023$10.3M · 190 accts · $456K emplr
2022$8.9M · 189 accts · $427K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,486
Investment management$26,189
Total administrative$55,675
The Miltons Distributing Co., Inc. 401(k) match · 2024
Employer contribution per active participant$4,454
Median for plans this size$2,416
2024$4,454 per active participant
2023$3,165 per active participant
2022$2,850 per active participant

Miltons Distributing Co., Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
ADP, INC. · Loan processing · Recordkeeping$29,486
ROCKLAND TRUST CO. · Recordkeeping · Trustee$26,188
ADP BROKER-DEALERindirect 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
2024ADP, ROCKLAND TRUST CO.
2023ADP, ROCKLAND TRUST CO.

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

Administrative cost history3
2024$55,675 · 0.50%
2023$47,553 · 0.49%
2022$36,305 · 0.38%
Same employer
Similar plansWholesale Trade · Massachusetts
The Norfolk Companies, Inc. MA$12.8M · 0.54%
Hartley & Parker LTD, Inc. MA$11.4M · 0.07%
Power Products Systems, LLC MA$11.0M · 0.30%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 042637325 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.