Retirement plan

MILLER'S, INC. EMPLOYEES' PROFIT SHARING PLAN

Name: MILLER'S, INC. - MILLER'S, INC. EMPLOYEES' PROFIT SHARING PLAN (2022) Form 5500
Creator: MILLER'S, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLER'S, INC. EMPLOYEES' PROFIT SHARING PLAN, MILLER'S, INC.

MILLER'S, INC.EIN 48-0646484Plan #001PY 2022

610 E. JEFFERSON STREET - PITTSBURG, KS 66762620-231-8050

Prospect flagsLow participant contribution

How to read this page

Total assets (EOY)

$45.2M

-12.4% from 2021

Total participants

465

+1.5% from 2021

Average account balance

$125,551

-24.3% from 2021

Annual return

-12.89%

-23.64 pp from 2021

Benchmarks

See 1,172 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort1,172 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$58.40M

Not enough data

1 years with asset history on file

Average account balance

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

$155K

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.

377

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.

78.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.20M

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

+10.86%

Not enough data

1 years with return on file

Admin fee / account holder

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

$68

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 64 · EIN 04-2647786	Recordkeeping Fees	$47,099
PRIME CAPITAL INVESTMENT ADVISORS3 years Service code 27 · EIN 82-1364595	Advisory (Plan)	$25,000
FORVIS, LLP1 year Service code 10 · EIN 44-0160260	Accounting	$7,825

Plan features & details

Pension benefit codes3D2F2G2J2T2E

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.
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

1 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$80K

$191 / participant

Other / not subdivided$80K100.0%

% of EOY assets

0.177%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$125,551

$81,948+53.2%

$90,760+38.3%

$64,819+93.7%

Participation rate

74.9%

80.5%-5.6pp

75.7%-0.8pp

71.5%+3.4pp

Annual return

-12.89%

-12.53%-0.4pp

-12.16%-0.7pp

32.84%-45.7pp

Employer contribution / active EE

$9,455

$3,067+208.3%

$2,922+223.6%

$2,507+277.2%

Participant deferral / active EE

$1,016

$4,844-79.0%

$4,565-77.8%

$4,311-76.4%

Admin fee / account holder

$222

$157+41.3%

$8,444-97.4%

$188+18.2%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 64 · EIN 04-2647786

Recordkeeping Fees

$47,099

PRIME CAPITAL INVESTMENT ADVISORS3 years

Service code 27 · EIN 82-1364595

Advisory (Plan)

$25,000

FORVIS, LLP1 year

Service code 10 · EIN 44-0160260

Accounting

$7,825

MILLER'S, INC. EMPLOYEES' PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLER'S, INC. EMPLOYEES' 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