Retirement plan

PAUL MILLER & ITS AFFILIATES 401(K) PLAN

Name: PAUL MILLER, INC. - PAUL MILLER & ITS AFFILIATES 401(K) PLAN (2024) Form 5500
Creator: PAUL MILLER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, PAUL MILLER & ITS AFFILIATES 401(K) PLAN, PAUL MILLER, INC.

PAUL MILLER, INC.EIN 22-2106441Plan #001PY 2024

179 ROUTE 46 - PARSIPPANY, NJ 07054973-575-4450

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$44.5M

+23.5% from 2023

Total participants

962

+9.6% from 2023

Average account balance

$48,254

-9.0% from 2023

Annual return

14.75%

-4.77 pp from 2023

Benchmarks

See 1,308 peers

Peer group

Industry44 - Retail Trade

Plan typeDefined contribution

Participants250-999

Cohort1,308 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$44.49M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$48K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

922

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

93.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.16M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+14.75%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$193

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE1 year Filed as: NATIONWIDE TRUST COMPANY Service code 27 · EIN 31-1592130 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Plan)	$75,458
MORGAN STANLEY SMITH BARNEY1 year Filed as: MORGAN STANLEY Service code 26 · EIN 26-4310632 ATTN MIDDLE OFFICE BALTIMORE TEAM · BALTIMORE, MD 21231	Advisory (Participants)	$52,963
PROACCOUNT1 year Service code 26 · EIN 73-0988442 10 W NATIONWIDE BLVD · COLUMBUS, OH 43215	Advisory (Participants)	$32,450
INTAC ACTUARIAL SERVICES10+ years Service code 15 · EIN 22-2446239 300 TICE BLVD · WOODCLIFF LAKE, NJ 07677	Recordkeeping	$14,363
INTAC BY FUTUREPLAN1 year Service code 15 · EIN 35-0800998 300 TICE BLVD · WOODCLIFF LAKE, NJ 07677	Recordkeeping	$1,000

Plan features & details

Pension benefit codes2A2E2F2G2J2K2T3D

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants 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.
2J
Code section 401(k) feature
Cash 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.
2K
Code section 401(m) arrangement
Employee 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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$178K

$271 / participant

Recordkeeping$178K100.0%

% of EOY assets

0.399%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: WITHUM SMITH & BROWN
Auditor EIN: 222027092
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$48,254

$54,193-11.0%

$93,606-48.4%

$77,643-37.9%

Participation rate

93.9%

63.9%+30.0pp

68.7%+25.2pp

70.6%+23.3pp

Annual return

14.75%

30.54%-15.8pp

133.20%-118.4pp

31.24%-16.5pp

Employer contribution / active EE

$1,885

$1,168+61.4%

$2,420-22.1%

$2,726-30.8%

Participant deferral / active EE

$5,996

$3,144+90.7%

$4,411+35.9%

$4,647+29.0%

Admin fee / account holder

$193

$576-66.5%

$8,285-97.7%

$430-55.3%

Provider

Service type

Compensation

NATIONWIDE1 year

Filed as: NATIONWIDE TRUST COMPANY

Service code 27 · EIN 31-1592130

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Plan)

$75,458

MORGAN STANLEY SMITH BARNEY1 year

Filed as: MORGAN STANLEY

Service code 26 · EIN 26-4310632

ATTN MIDDLE OFFICE BALTIMORE TEAM · BALTIMORE, MD 21231

Advisory (Participants)

$52,963

PROACCOUNT1 year

Service code 26 · EIN 73-0988442

10 W NATIONWIDE BLVD · COLUMBUS, OH 43215

Advisory (Participants)

$32,450

INTAC ACTUARIAL SERVICES10+ years

Service code 15 · EIN 22-2446239

300 TICE BLVD · WOODCLIFF LAKE, NJ 07677

Recordkeeping

$14,363

INTAC BY FUTUREPLAN1 year

Service code 15 · EIN 35-0800998

300 TICE BLVD · WOODCLIFF LAKE, NJ 07677

Recordkeeping

$1,000

PAUL MILLER & ITS AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

PAUL MILLER & ITS AFFILIATES 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion