Plan Ledger DOL Form 5500 · updated monthly

Milum, Inc.401(k)

PREVAILING MULTIPLE EMPLOYER PLAN · HIALEAH, FL · plan year 2022

Reported admin expense ratio · 2022
3.52%

Milum, Inc. reported $22,913 in plan administrative expenses for 2022: 3.52% of average plan assets, higher than ~90% of peers. 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.

The plan sits in the under $1M size bracket, benchmarked here against 4,041 comparable plans and shown alongside other transportation & warehousing employers. By assets it is among the smaller plans on file in Florida (3,630th of 3,644), and 2,661st of 2,677 in transportation & warehousing. In 2022, the employer put in $13.17 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$27,724
Participants with balances5
Active participants0
Employer contributions$84,666
Employee contributions$6,429
Employer contribution per active participant—
Average account balance$5,545
Benefits paid to participants$217,866
Plan auditUnmodified (clean) audit opinion
AuditorBAUKNIGHT, PIETRAS & STORMER, PA
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$13,656
Investment management$9,257
Total administrative$22,913
What these fees cost you

Annual cost at the plan's reported 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history1
2022$22,913 · 3.52%
Similar plansTransportation & Warehousing · Florida
Kardia Transport, LLC FL$169K · 0.46%
Dolphin Transportation FL$7K · 24.86%
Vas Aero Services, LLC FL$3K · 0.57%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650776157 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.