Retirement plan
MILLIMAN, INC. PROFIT SHARING AND RETIREMENT PLAN
MILLIMAN, INC.EIN 91-0675641Plan #001PY 2015
1301 FIFTH AVENUE, SUITE 3800 - SEATTLE, WA 981012605206-624-7940milliman.comLinkedIn1001-5000 employeesmanagement consulting
Prospect flagsLow returnsHigh assets / participant
Filing contacts
From the Form 5500, federal recordPlan administrator signer
BRADLEY G. KUEBLER
Signed 10/07/2016
Summary metrics
Total assets (EOY)
$954.1M
-9.5% from 2016
Total participants
3,600
-6.3% from 2016
Average account balance
$270,579
-2.6% from 2016
Annual return
-1.38%
-9.87 pp from 2016
Benchmarks
Peer group
Industry54 - Professional, Scientific, and Technical Services
Plan typeDefined contribution
Participants1,000-4,999
Cohort568 peers
Snapshot2015
74
Participant deferral / active EE
$8,312
median $5,233
91
Employer contribution / active EE
$12,498
median $1,779
84
Participation rate
97.0%
median 85.8%
97
Avg account balance
$270,579
median $59,659
31
Admin fee / account holder
$80
median $40
10
Annual return
-1.38%
median 1.24%
Overall peer rank
65of 100
65th percentileavg across 6 metrics
Analytics
2015 - 2024
Total assets (EOY)
Plan-year ending balance
$2.12B
Average account balance
Total assets / participants with a balance (line 6g)
$402K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
5,272
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
97.6%
Contributions (total)
Employer and participant dollars contributed each year
$100.39M
Contributions per participant
Average employer and participant contribution per enrolled participant
$28K
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+13.97%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$61
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
- Mutual / pooled
- Stocks
- Bonds
- Cash
- Real estate
- Loans
Service providers
Top 6 by compensation
| Provider | Service type | Compensation |
|---|---|---|
CHARLES SCHWAB TRUST COMPANY1+ years Service code 19 · EIN 42-1558009 | Securities Custodian | $194,812 |
COOK STREET CONSULTING1+ years Service code 16 · EIN 84-0854432 | Consulting | $63,750 |
MOSS ADAMS LLP1+ years Service code 10 · EIN 91-0189318 | Accounting | $12,000 |
MILLIMAN, INC.1+ years Service code 15 · EIN 91-0675641 | Recordkeeping | $9,750 |
CHARLES SCHWAB & CO. INC.1+ years Service code 19 · EIN 94-1737782 | Securities Custodian | $0 |
CHARLES SCHWAB & CO., INC.1+ years Service code 19 | Securities Custodian | $0 |
Top hat statement on fileNQDC
Filed June 1, 2020
Plan administrator
Plans declared (2)
- Plan name not on file1 emp
- Plan name not on file200 emp
Total covered: 201 employees
Plan features & details
Pension benefit codes2E2F2G2J2K2T
Plan features
- 2EProfit-sharingProfit-sharing plan.
- 2FERISA section 404(c) planThis plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
- 2GTotal participant-directed account planParticipants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
- 2JCode section 401(k) featureCash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
- 2KCode section 401(m) arrangementEmployee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
- 2TDefault investment accountTotal or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
Opportunity flags
2 tripped
- OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
- InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.
Expense breakdown
Schedule H Part II
Admin total
$283K
$113 / participant
- Investment mgmt$64K22.5%
- Other / not subdivided$219K77.5%
% of EOY assets
0.030%
all-in expense ratio
Categories reported
1 / 9
subdivided buckets used
Audit opinion
Schedule H Part III
Disclaimer opinion
Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.
- Auditor firm
- MOSS ADAMS LLP
- Auditor EIN
- 910189318
- Audit fees
- (not subdivided)
- Opinion code
- Disclaimer