Plan Ledger DOL Form 5500 · updated monthly

R.A. Miller Industries, Inc.401(k)

EMPLOYEE 401(K) PLAN · GRAND HAVEN, MI · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

R.A. Miller Industries, Inc. reported $24,855 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $1,360 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 0.23% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Michigan (1,482nd of 2,619), and 8,461st of 13,661 in manufacturing. In 2024, employees put in $3.07 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,767,893
Participants with balances176
Active participants153
Employer contributions$208,073
Employee contributions$638,168
Employer contribution per active participant$1,360
Average account balance$61,181
Benefits paid to participants$840,847
Plan auditDisclaimer of opinion
AuditorMONROE, SWEERIS & TROMP, PLC
Plan history3
Yearassets · accounts · employer contribution
2024$10.8M · 176 accts · $208K emplr
2023$9.5M · 167 accts · $199K emplr
2022$9.5M · 198 accts · $261K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,855
Total administrative$24,855
The R.A. Miller Industries, Inc. 401(k) match · 2024
Employer contribution per active participant$1,360
Median for plans this size$2,416
2024$1,360 per active participant
2023$1,392 per active participant
2022$1,726 per active participant

R.A. Miller Industries, 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 · 20241
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$24,854

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$24,855 · 0.24%
2023$21,216 · 0.22%
2022$24,402 · 0.23%
Same employer
Similar plansManufacturing · Michigan
Gudel, Inc. MI$11.1M · 0.01%
Case Systems Inc. MI$10.9M · 0.33%
Marketing Displays, Inc. MI$10.8M · 0.50%
Graceland Fruit, Inc. MI$10.8M · 0.44%
Target Steel, Inc. MI$10.7M · 0.80%
Amptech, Inc MI$10.7M · 0.06%
B&P Littleford, LLC. MI$10.7M · 0.22%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381571192 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.