Retirement plan

MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. 401(K) RETIREMENT SAVINGS PLAN

Name: MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. - MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. 401(K) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. 401(K) RETIREMENT SAVINGS PLAN, MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C.

MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C.EIN 38-1603110Plan #001PY 2024

45 OTTAWA AVE. SW, SUITE 1100 - GRAND RAPIDS, MI 49503616-831-1839

Other plans on this EIN

2 filings

#005Retirement-$13.2M assets #004Retirement--

Prospect flagsHigh feesHigh assets / participant

Top hat statement on fileNQDC

Filed April 14, 1994 (most recent of 2 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)

$95.6M

+10.4% from 2023

Total participants

226

+6.6% from 2023

Average account balance

$468,852

+3.9% from 2023

Annual return

18.62%

+1.37 pp from 2023

Benchmarks

See 6,280 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,280 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$95.65M

Not enough data

1 years with asset history on file

Average account balance

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

$469K

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.

204

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.

88.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$5.08M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$26K

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

+18.62%

Not enough data

1 years with return on file

Admin fee / account holder

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

$1173

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 7 by compensation

Provider	Service type	Compensation
INNOVIA WEALTH, LLC2 years Filed as: INNOVIA WEALTH LLC Service code 26 · EIN 46-1428191	Advisory (Participants)	$92,160
CHARLES SCHWAB & CO., INC.10+ years Filed as: SCHWAB RETIREMENT PLAN SERVICES INC Service code 15 · EIN 34-1479833	Recordkeeping	$85,350
GREENLEAF TRUST9 years Service code 28 · EIN 38-3416104	Investment Management	$24,080
EXCHANGE CAPITAL MANAGEMENT7 years Service code 26 · EIN 38-2901720	Advisory (Participants)	$22,668
MIDWEST CAPITAL ADVISORS, LLC3 years Filed as: MIDWEST CAPITAL ADVISORS LLC Service code 26 · EIN 11-3673048	Advisory (Participants)	$14,791
CHARLES SCHWAB & CO., INC.10+ years Service code 33 · EIN 94-1737782	Shareholder servicing fees; Float rev...	$1,132
CHARLES SCHWAB & CO., INC.2 years Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL Service code 59	Shareholder Servicing	$0

Plan features & details

Pension benefit codes2A2E2F2G2J2K2R2T3B

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.
2R
Participant-directed brokerage accounts
Participant-directed brokerage accounts provided as an investment option under the plan.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$239K

$1246 / participant

Recordkeeping$11K4.4%
Investment mgmt$229K95.6%

% of EOY assets

0.250%

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: DOEREN MAYHEW ASSURANCE
Auditor EIN: 382492570
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$468,852

$101,653+361.2%

$147,080+218.8%

$74,459+529.7%

Participation rate

88.5%

75.6%+13.0pp

82.2%+6.4pp

67.2%+21.3pp

Annual return

18.62%

8754.98%-8736.4pp

420.17%-401.5pp

1369.70%-1351.1pp

Employer contribution / active EE

$15,441

$3,813+304.9%

$4,933+213.0%

$2,626+488.0%

Participant deferral / active EE

$11,026

$7,304+51.0%

$8,066+36.7%

$4,350+153.5%

Admin fee / account holder

$1,173

$1,752-33.0%

$12,989-91.0%

$1,945-39.7%

Provider

Service type

Compensation

INNOVIA WEALTH, LLC2 years

Filed as: INNOVIA WEALTH LLC

Service code 26 · EIN 46-1428191

Advisory (Participants)

$92,160

CHARLES SCHWAB & CO., INC.10+ years

Filed as: SCHWAB RETIREMENT PLAN SERVICES INC

Service code 15 · EIN 34-1479833

Recordkeeping

$85,350

GREENLEAF TRUST9 years

Service code 28 · EIN 38-3416104

Investment Management

$24,080

EXCHANGE CAPITAL MANAGEMENT7 years

Service code 26 · EIN 38-2901720

Advisory (Participants)

$22,668

MIDWEST CAPITAL ADVISORS, LLC3 years

Filed as: MIDWEST CAPITAL ADVISORS LLC

Service code 26 · EIN 11-3673048

Advisory (Participants)

$14,791

CHARLES SCHWAB & CO., INC.10+ years

Service code 33 · EIN 94-1737782

Shareholder servicing fees; Float rev...

$1,132

CHARLES SCHWAB & CO., INC.2 years

Filed as: CHARLES SCHWAB & CO.INC. AND AFFIL

Service code 59

Shareholder Servicing

MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. 401(K) RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLER, JOHNSON, SNELL & CUMMISKEY, P.L.C. 401(K) RETIREMENT SAVINGS 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