Retirement plan

L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP PLAN

Name: L.W. MILLER PROFESSIONAL SERVICES INC. - L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP PLAN (2023) Form 5500
Creator: L.W. MILLER PROFESSIONAL SERVICES INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP PLAN, L.W. MILLER PROFESSIONAL SERVICES INC.

L.W. MILLER PROFESSIONAL SERVICES INC.EIN 82-0571300Plan #002PY 2023

1050 WEST 200 NORTH - LOGAN, UT 84321800-800-0433

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$5.5M

-1.3% from 2022

Total participants

245

-10.3% from 2022

Average account balance

$22,563

+11.3% from 2022

Annual return

15.63%

+34.50 pp from 2022

Benchmarks

See 1,237 peers

Peer group

Industry48 - Transportation and Warehousing

Plan typeDefined contribution

Participants100-249

Cohort1,237 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$5.86M

Not enough data

1 years with asset history on file

Average account balance

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

$31K

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.

189

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.

94.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$632K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.99%

Not enough data

1 years with return on file

Admin fee / account holder

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

$283

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 5 by compensation

Provider	Service type	Compensation
ADAMS WEALTH ADVISORS8 years Service code 27 1047 SOUTH 100 WEST SUITE 220 · LOGAN, UT 84321	Advisory (Plan)	$41,535
AMERICAN UNITED LIFE INSURANCE CO4 years Filed as: ONEAMERICA RETIREMENT SERVICES Service code 15 · EIN 46-5378846	Recordkeeping	$32,949
RESOURCES INVESTMENT ADVISORS LLC4 years Filed as: RESOURCES INVESTMENT ADVISORS Service code 27 4860 COLLEGE BLVD SUITE 100 · OVERLAND PARK, KS 66211	Advisory (Plan)	$30,892
MATRIX TRUST COMPANY4 years Service code 18 · EIN 75-3182674	Direct payment from the plan; Trustee...	$0
MATRIX TRUST COMPANY4 years Filed as: MSCS FINANCIAL SERVICES Service code 50	Direct Payment	$0

Plan features & details

Pension benefit codes2E2F2H2J2K2O2Q2S

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.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$106K

$944 / participant

Investment mgmt$72K68.5%
Contract admin$33K31.5%

% of EOY assets

1.937%

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: JONES SIMKINS LLC
Auditor EIN: 461592906
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$22,563

$51,083-55.8%

$70,548-68.0%

$71,495-68.4%

Participation rate

97.3%

59.4%+37.9pp

68.3%+29.0pp

67.9%+29.4pp

Annual return

15.63%

42.64%-27.0pp

32.78%-17.2pp

28.85%-13.2pp

Employer contribution / active EE

$1,528

$1,791-14.7%

$2,975-48.6%

$2,589-41.0%

Participant deferral / active EE

$2,717

$3,028-10.3%

$4,567-40.5%

$4,291-36.7%

Admin fee / account holder

$437

$1,995-78.1%

$6,424-93.2%

$1,588-72.5%

Provider

Service type

Compensation

ADAMS WEALTH ADVISORS8 years

Service code 27

1047 SOUTH 100 WEST SUITE 220 · LOGAN, UT 84321

Advisory (Plan)

$41,535

AMERICAN UNITED LIFE INSURANCE CO4 years

Filed as: ONEAMERICA RETIREMENT SERVICES

Service code 15 · EIN 46-5378846

Recordkeeping

$32,949

RESOURCES INVESTMENT ADVISORS LLC4 years

Filed as: RESOURCES INVESTMENT ADVISORS

Service code 27

4860 COLLEGE BLVD SUITE 100 · OVERLAND PARK, KS 66211

Advisory (Plan)

$30,892

MATRIX TRUST COMPANY4 years

Service code 18 · EIN 75-3182674

Direct payment from the plan; Trustee...

MATRIX TRUST COMPANY4 years

Filed as: MSCS FINANCIAL SERVICES

Service code 50

Direct Payment

L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

L.W. MILLER PROFESSIONAL SERVICES INC. EMPLOYEE ELECTIVE DEFERRAL AND STOCK OWNERSHIP 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