Plan Ledger DOL Form 5500 · updated monthly

R.K. Miles, Inc.401(k)

R.K. MILES, INC. RETIREMENT PLAN · MANCHESTER CENTER, VT · plan year 2024

Reported admin expense ratio · 2024
0.42%

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

R.K. Miles, Inc. reported $109,823 in plan administrative expenses for 2024: 0.42% of average plan assets, above the peer median. Employer contributions averaged $2,842 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 0.35% to 0.42%. 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 70th-largest of 230 plans among Vermont employers on file, and the 1,128th of 5,215 in retail trade. In 2024, employees put in $1.86 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$27,195,732
Participants with balances373
Active participants256
Employer contributions$727,625
Employee contributions$1,351,088
Employer contribution per active participant$2,842
Average account balance$72,911
Benefits paid to participants$2,670,207
Plan auditUnmodified (clean) audit opinion
AuditorMCSOLEY MCCOY AND CO
Plan history3
Yearassets · accounts · employer contribution
2024$27.2M · 373 accts · $728K emplr
2023$24.8M · 355 accts · $688K emplr
2022$20.2M · 329 accts · $669K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,583
Investment management$65,240
Total administrative$109,823
The R.K. Miles, Inc. 401(k) match · 2024
Employer contribution per active participant$2,842
Median for plans this size$2,416
2024$2,842 per active participant
2023$2,775 per active participant
2022$2,665 per active participant

R.K. Miles, Inc.'s 2024 employer contribution ran above 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$39,503
MORGAN STANLEY SMITH BARNEY HOLDING · Accounting / audit$65,240

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$109,823 · 0.42%
2023$73,849 · 0.33%
2022$74,669 · 0.35%
Same employer
Similar plansRetail Trade · Vermont
The Orvis Company, Inc. VT$104.7M · 0.15%
Littleton Chevrolet, Inc. VT$30.2M · 0.53%
Poulin Grain, Inc. VT$29.0M · 0.15%
Mactaw, Inc. VT$10.4M · 0.92%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 030141661 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.