Retirement plan

MILNER, INC. 401(K) PLAN

Name: MILNER, INC. - MILNER, INC. 401(K) PLAN (2024) Form 5500
Creator: MILNER, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILNER, INC. 401(K) PLAN, MILNER, INC.

MILNER, INC.EIN 58-1681590Plan #002PY 2024

5125 PEACHTREE INDUSTRIAL BLVD - PEACHTREE CORNERS, GA 30092800-875-5042LinkedIn1-10 employeesinformation technology and services

Other plans on this EIN

2 filings

#001Retirement-$6.5M assets #003Retirement-$1.0M assets

Prospect flagsHigh feesCorrective distributions

How to read this page

Total assets (EOY)

$37.2M

+10.5% from 2023

Total participants

387

-10.8% from 2023

Average account balance

$127,273

+25.2% from 2023

Annual return

12.61%

-1.32 pp from 2023

Benchmarks

See 1,403 peers

Peer group

Industry42 - Wholesale Trade

Plan typeDefined contribution

Participants250-999

Cohort1,403 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$37.16M

Not enough data

1 years with asset history on file

Average account balance

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

$127K

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.

292

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.

70.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.32M

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

+12.61%

Not enough data

1 years with return on file

Admin fee / account holder

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

$488

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 4 by compensation

Provider	Service type	Compensation
BROOKS COOK & ASSOCIATES1 year Service code 10 8300 DUNWOODY PL, STE 100 · ATLANTA, GA 30350	Accounting	$50,000
GREAT-WEST LIFE & ANNUITY INSURANCE3 years Filed as: EMPOWER ANNUITY INSURANCE COMPANY Service code 64 8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111	Recordkeeping Fees	$49,979
MERRILL LYNCH PIERCE FENNER & SMITH4 years Service code 27 1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534	Advisory (Plan)	$33,587
PRECISION PLAN ADMINISTRATION5 years Service code 13 · EIN 20-3855127 PO BOX 9575 · WARNER ROBINS, GA 31095	Contract Administrator	$11,815

Plan features & details

Pension benefit codes2E2F2G2J2K2T3D3H

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.
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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$143K

$443 / participant

Contract admin$143K100.0%

% of EOY assets

0.384%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BROOKS, COOK & ASSOCIATES
Auditor EIN: 582193228
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$127,273

$89,465+42.3%

$165,100-22.9%

$77,762+63.7%

Participation rate

70.5%

78.6%-8.1pp

70.6%-0.1pp

Annual return

12.61%

28.86%-16.3pp

70.21%-57.6pp

31.27%-18.7pp

Employer contribution / active EE

$1,126

$2,565-56.1%

$4,348-74.1%

$2,728-58.7%

Participant deferral / active EE

$6,083

$4,904+24.0%

$6,035+0.8%

$4,651+30.8%

Admin fee / account holder

$488

$340+43.6%

$12,696-96.2%

$433+12.8%

Provider

Service type

Compensation

BROOKS COOK & ASSOCIATES1 year

Service code 10

8300 DUNWOODY PL, STE 100 · ATLANTA, GA 30350

Accounting

$50,000

GREAT-WEST LIFE & ANNUITY INSURANCE3 years

Filed as: EMPOWER ANNUITY INSURANCE COMPANY

Service code 64

8515 EAST ORCHARD RD. · GREENWOOD VILLAGE, CO 80111

Recordkeeping Fees

$49,979

MERRILL LYNCH PIERCE FENNER & SMITH4 years

Service code 27

1400 AMERICAN BLVD BLDG #4 · PENNINGTON, NJ 08534

Advisory (Plan)

$33,587

PRECISION PLAN ADMINISTRATION5 years

Service code 13 · EIN 20-3855127

PO BOX 9575 · WARNER ROBINS, GA 31095

Contract Administrator

$11,815

MILNER, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILNER, INC. 401(K) 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