Retirement plan

MILESTONE SENIOR SERVICES 403(B) RETIREMENT SAVINGS PLAN

Name: MILESTONE SENIOR SERVICES, INC. - MILESTONE SENIOR SERVICES 403(B) RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: MILESTONE SENIOR SERVICES, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILESTONE SENIOR SERVICES 403(B) RETIREMENT SAVINGS PLAN, MILESTONE SENIOR SERVICES, INC.

MILESTONE SENIOR SERVICES, INC.EIN 38-1747660Plan #001PY 2024

918 JASPER STREET - KALAMAZOO, MI 490012853269-382-0515milestoneseniorservices.orgLinkedIn51-200 employeesconsumer services

Prospect flagsLow returns

How to read this page

Total assets (EOY)

$5.8M

+14.7% from 2023

Total participants

196

-10.1% from 2023

Average account balance

$31,628

+27.8% from 2023

Annual return

11.33%

-9.53 pp from 2023

Benchmarks

See 2,051 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort2,051 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.79M

Not enough data

1 years with asset history on file

Average account balance

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

$32K

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.

183

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.

91.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$495K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$3K

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

+11.33%

Not enough data

1 years with return on file

Admin fee / account holder

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

$189

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

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

Service providers

Top 1 by compensation

Provider	Service type	Compensation
GREENLEAF TRUST3 years Service code 15 · EIN 38-3416104	Recordkeeping	$34,381

Plan features & details

Pension benefit codes2F2G2S2T2E2K2L

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).
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.
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.
2L
Code section 403(b)(1) arrangement
Plan uses a Code section 403(b)(1) annuity contract as a funding vehicle.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

1 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$35K

$230 / participant

Recordkeeping$17K48.5%
Investment mgmt$18K51.5%

% of EOY assets

0.596%

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: PLANTE & MORAN PLLC
Auditor EIN: 331498605
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$31,628

$60,504-47.7%

$81,882-61.4%

$74,478-57.5%

Participation rate

91.3%

62.9%+28.4pp

72.4%+18.9pp

67.2%+24.1pp

Annual return

11.33%

16.91%-5.6pp

779.47%-768.1pp

1370.56%-1359.2pp

Employer contribution / active EE

$1,060

$2,627-59.6%

$2,916-63.7%

$2,626-59.6%

Participant deferral / active EE

$2,243

$3,400-34.0%

$4,323-48.1%

$4,350-48.4%

Admin fee / account holder

$189

$1,492-87.4%

$7,360-97.4%

$1,946-90.3%

Provider

Service type

Compensation

GREENLEAF TRUST3 years

Service code 15 · EIN 38-3416104

Recordkeeping

$34,381

MILESTONE SENIOR SERVICES 403(B) RETIREMENT SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILESTONE SENIOR SERVICES 403(B) RETIREMENT SAVINGS 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