Plan Ledger DOL Form 5500 · updated monthly

Paul Miller, Inc.401(k)

PAUL MILLER & ITS AFFILIATES 401(K) PLAN · PARSIPPANY, NJ · plan year 2024

Reported admin expense ratio · 2024
0.44%

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

Paul Miller, Inc. reported $177,577 in plan administrative expenses for 2024: 0.44% of average plan assets, above the peer median. Employer contributions averaged $1,885 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 0.24% to 0.44%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is the 619th-largest of 2,419 plans among New Jersey employers on file, and the 720th of 5,215 in retail trade. In 2024, employees put in $3.18 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$44,413,646
Participants with balances922
Active participants655
Employer contributions$1,234,745
Employee contributions$3,927,654
Employer contribution per active participant$1,885
Average account balance$48,171
Benefits paid to participants$1,998,172
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$44.4M · 922 accts · $1.2M emplr
2023$35.9M · 679 accts · $990K emplr
2022$28.9M · 575 accts · $280K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$177,577
Total administrative$177,577
The Paul Miller, Inc. 401(k) match · 2024
Employer contribution per active participant$1,885
Median for plans this size$2,416
2024$1,885 per active participant
2023$1,491 per active participant
2022$463 per active participant

Paul Miller, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
INTAC ACTUARIAL SERVICES · Recordkeeping$14,363
INTAC BY FUTUREPLAN · Recordkeeping$1,000
NATIONWIDE TRUST COMPANY · Investment advisory (plan)$75,458
MORGAN STANLEY · Investment advisory (participants)$52,963
PROACCOUNT · Investment advisory (participants)$32,450

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024INTAC ACTUARIAL SERVICES, INTAC BY FUTUREPLAN
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Paul Miller, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$177,577 · 0.44%
2023$20,299 · 0.06%
2022$78,210 · 0.24%
Same employer
Similar plansRetail Trade · New Jersey
H. Betti Industries Inc. NJ$47.8M · 0.03%
Cipla USA NJ$44.6M · 0.13%
Dialamerica Marketing, Inc. NJ$42.7M · 0.11%
Zallie Supermarkets Inc NJ$39.8M · 0.04%
Care One Management, LLC NJ$39.4M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 222106441 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.