Retirement plan

MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN

Name: MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC - MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN (2024) Form 5500
Creator: MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN, MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC

MILLER & ASSOCIATES SOURCING SPECIALISTS, LLCEIN 27-2809689Plan #001PY 2024

616-A PITTSFORD VICTOR ROAD - ROCHESTER, NY 14534585-402-1290jmillerandassociates.comLinkedIn51-200 employeesinformation technology and services

Prospect flagsLow participationLow fidelity bond

How to read this page

Total assets (EOY)

$977K

+27.2% from 2023

Total participants

+11.1% from 2023

Average account balance

$108,587

+27.2% from 2023

Annual return

11.49%

-5.13 pp from 2023

Benchmarks

See 144,092 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants<25

Cohort144,092 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$977K

Not enough data

1 years with asset history on file

Average account balance

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

$109K

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.

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.

50.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$120K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+11.49%

Not enough data

1 years with return on file

Admin fee / account holder

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

$20

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

0 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Providers data not reported

Schedule C was not filed on this plan's most recent Form 5500, so no compensated service providers are available to display.

Plan features & details

Pension benefit codes2E2F2J2T3D

Plan features

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).
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.
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

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceLow fidelity bond
Fidelity bond coverage is below the ERISA section 412 10%-of-assets minimum (capped at $500,000).

Expense breakdown

Schedule H Part II

Admin total

$180

$10 / participant

Other / not subdivided$180100.0%

% of EOY assets

0.018%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

No opinion code on file for this filing.

Auditor firm: (not reported)
Auditor EIN: -
Audit fees: (not subdivided)
Opinion code: -

Metric

This plan

Peer set

Industry

Size

Avg account balance

$108,587

$159,934-32.1%

$147,005-26.1%

$145,959-25.6%

Participation rate

38.9%

84.0%-45.1pp

82.2%-43.3pp

80.3%-41.4pp

Annual return

11.49%

98.24%-86.8pp

418.76%-407.3pp

561.95%-550.5pp

Employer contribution / active EE

$1,467

$5,287-72.2%

$4,934-70.3%

$4,661-68.5%

Participant deferral / active EE

$5,221

$8,427-38.0%

$8,070-35.3%

$6,689-21.9%

Admin fee / account holder

$20

$15,053-99.9%

$13,006-99.8%

$13,398-99.9%

MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLER & ASSOCIATES SOURCING SPECIALISTS, LLC 401(K) PROFIT SHARING 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