Plan Ledger DOL Form 5500 · updated monthly

Skico, Inc.401(k)

MILLER'S 401(K) PROFIT SHARING PLAN · LAGRANGE, IN · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Skico, Inc. reported $12,329 in plan administrative expenses for 2024: 0.40% of average plan assets, below the peer median. Employer contributions averaged $283 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 fell from 0.88% to 0.40%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Indiana (1,306th of 1,562), and 4,279th of 5,215 in retail trade. In 2024, employees put in $1.41 for every $1.00 the employer contributed; active participation has grown from 377 to 467 since 2022.

Plan summary
Net assets, end of year$3,246,654
Participants with balances108
Active participants467
Employer contributions$132,045
Employee contributions$186,650
Employer contribution per active participant$283
Average account balance$30,062
Benefits paid to participants$215,172
Plan auditUnmodified (clean) audit opinion
AuditorFOUDY CPA GROUP, PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 108 accts · $132K emplr
2023$2.8M · 102 accts · $99K emplr
2022$2.6M · 108 accts · $51K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$857
Investment management$11,472
Total administrative$12,329
The Skico, Inc. 401(k) match · 2024
Employer contribution per active participant$283
Median for plans this size$1,313
2024$283 per active participant
2023$211 per active participant
2022$136 per active participant

Skico, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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
NATIONWIDE · Recordkeeping · Custodial (securities)$14,065
AMERICAN PENSION ADVISORS, LTD. · Claims processing · Recordkeeping$850
LPL FINANCIAL LLC-RPCP · Investment advisory (participants) · Investment advisory (plan)$11,472

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

Recordkeeper by year2
2024AMERICAN PENSION ADVISORS, LTD., Nationwide
2023Nationwide

This plan has changed recordkeepers within these filings. If you left Skico, 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$12,329 · 0.40%
2023$25,969 · 0.95%
2022$25,372 · 0.88%
Similar plansRetail Trade · Indiana
C & S Inc. IN$3.8M
Pearson Ford, Inc. IN$3.7M · 0.86%
Evans Toyota, Inc. IN$3.7M · 0.13%
Druley Enterprises Inc. IN$3.3M · 0.66%
Baeslers, Inc. IN$2.8M · 0.56%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 341367885 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.