Retirement plan

HERMAN MILLER, INC. PROFIT SHARING AND 401K PLAN

Name: HERMAN MILLER, INC. - HERMAN MILLER, INC. PROFIT SHARING AND 401K PLAN (2015) Form 5500
Creator: HERMAN MILLER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, HERMAN MILLER, INC. PROFIT SHARING AND 401K PLAN, HERMAN MILLER, INC.

HERMAN MILLER, INC.EIN 38-0837640Plan #002PY 2015

855 EAST MAIN AVENUE - ZEELAND, MI 494641366616-654-3000

Prospect flagsCorrective distributions

Top hat statement on fileNQDC

Filed August 21, 2000 (most recent of 3 filings on file)

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

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Total assets (EOY)

$666.9M

-9.5% from 2016

Total participants

5,585

+0.8% from 2016

Average account balance

$122,477

-8.5% from 2016

Annual return

1.36%

-8.01 pp from 2016

Benchmarks

See 742 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort742 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$1.43B

Not enough data

1 years with asset history on file

Average account balance

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

$145K

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.

9,843

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.

96.2%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$70.93M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$10K

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

+13.40%

Not enough data

1 years with return on file

Admin fee / account holder

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

$128

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 4 by compensation

Provider	Service type	Compensation
MERCER1+ years Filed as: MERCER HR SERVICES, LLC Service code 15 INVESTORS WAY · NORWOOD, MA 020621584	Recordkeeping	$546,862
BEMANAGED1+ years Service code 26 5088 CORPORATE EXCHANGE BLVD · GRAND RAPIDS, MI 49512	Advisory (Participants)	$144,961
CAPFINANCIAL PARTNERS LLC1+ years Filed as: CAPTRUST ADVISORS Service code 27 102 WEST WHITING ST · TAMPA, FL 33602	Advisory (Plan)	$75,000
STATE STREET GLOBAL ADVISORS1+ years Filed as: STATE STREET BANK Service code 33 ONE LINCOLN ST · BOSTON, MA 02206	Securities brokerage; Securities brok...	$31,766

Plan features & details

Pension benefit codes2E2F2H2J2K2O2T3H3I

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).
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2O
ESOP other than a leveraged ESOP
Employee stock ownership plan that is not leveraged.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$444K

$97 / participant

Investment mgmt$145K32.6%
Contract admin$299K67.4%

% of EOY assets

0.067%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BDO USA, LLP
Auditor EIN: 135381590
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$122,477

$71,957+70.2%

$67,652+81.0%

$59,188+106.9%

Participation rate

96.9%

82.7%+14.3pp

75.7%+21.3pp

69.4%+27.5pp

Annual return

1.36%

8.53%-7.2pp

6625.40%-6624.0pp

5.51%-4.1pp

Employer contribution / active EE

$5,210

$2,432+114.2%

$2,266+129.9%

$2,098+148.3%

Participant deferral / active EE

$4,194

$4,211-0.4%

$3,560+17.8%

$3,265+28.5%

Admin fee / account holder

$82

$64+27.1%

$4,821-98.3%

$92-11.6%

Provider

Service type

Compensation

MERCER1+ years

Filed as: MERCER HR SERVICES, LLC

Service code 15

INVESTORS WAY · NORWOOD, MA 020621584

Recordkeeping

$546,862

BEMANAGED1+ years

Service code 26

5088 CORPORATE EXCHANGE BLVD · GRAND RAPIDS, MI 49512

Advisory (Participants)

$144,961

CAPFINANCIAL PARTNERS LLC1+ years

Filed as: CAPTRUST ADVISORS

Service code 27

102 WEST WHITING ST · TAMPA, FL 33602

Advisory (Plan)

$75,000

STATE STREET GLOBAL ADVISORS1+ years

Filed as: STATE STREET BANK

Service code 33

ONE LINCOLN ST · BOSTON, MA 02206

Securities brokerage; Securities brok...

$31,766

HERMAN MILLER, INC. PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

HERMAN MILLER, INC. PROFIT SHARING AND 401K PLAN

Top hat statement on fileNQDC

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