Retirement plan

MILLIMAN PROFIT SHARING AND RETIREMENT PLAN

Name: MILLIMAN - MILLIMAN PROFIT SHARING AND RETIREMENT PLAN (2023) Form 5500
Creator: MILLIMAN
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, MILLIMAN PROFIT SHARING AND RETIREMENT PLAN, MILLIMAN

MILLIMANEIN 91-0675641Plan #001PY 2023

1301 FIFTH AVENUE, SUITE 3800 - SEATTLE, WA 981012605206-624-7940milliman.comLinkedIn1001-5000 employeesmanagement consulting

Prospect flagsLow returnsHigh assets / participantCorrective distributions

Top hat statement on fileNQDC

Filed June 1, 2020

Plan administrator

Plan administrator name- on Solo, $4.99 for your first month

1301 5th Ave Ste 3800

Seattle, WA 98101

Email- on Solo, $4.99 for your first month Phone- on Solo, $4.99 for your first month

Plans declared (2)

Plan name not on file1 emp
Plan name not on file200 emp

Total covered: 201 employees

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How to read this page

Total assets (EOY)

$1885.9M

+15.7% from 2022

Total participants

5,282

+0.3% from 2022

Average account balance

$361,633

+14.8% from 2022

Annual return

17.06%

+33.13 pp from 2022

Benchmarks

See 929 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort929 peers

Snapshot2023

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Analytics

Total assets (EOY)

Plan-year ending balance

$2.12B

Not enough data

1 years with asset history on file

Average account balance

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

$402K

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.

5,272

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.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$100.39M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$28K

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

+13.97%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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
COOK STREET CONSULTING9+ years Service code 16 · EIN 84-0854432	Consulting	$150,878
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$131,280
MOSS ADAMS LLP9+ years Service code 10 · EIN 91-0189318	Accounting	$24,885
MILLIMAN, INC.9+ years Service code 15 · EIN 91-0675641	Recordkeeping	$12,127
CHARLES SCHWAB & CO., INC.5 years Filed as: CHARLES SCHWAB & CO, INC. Service code 19 · EIN 94-1737782	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.8 years Filed as: CHARLES SCHWAB & CO., INC Service code 19	Securities Custodian	$0
CHARLES SCHWAB & CO., INC.9+ years Service code 19	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S2T

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.
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

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$319K

$89 / participant

Recordkeeping$12K3.8%
Trustee / custodial$131K41.1%
Investment mgmt$151K47.3%
Other / not subdivided$25K7.8%

% of EOY assets

0.017%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: MOSS ADAMS
Auditor EIN: 910189318
Audit fees: $24,885
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$361,633

$107,459+236.5%

$135,903+166.1%

$80,160+351.1%

Participation rate

98.1%

78.0%+20.1pp

81.9%+16.2pp

72.9%+25.2pp

Annual return

17.06%

91.91%-74.9pp

68.23%-51.2pp

40.38%-23.3pp

Employer contribution / active EE

$14,889

$3,877+284.0%

$4,856+206.6%

$2,978+400.0%

Participant deferral / active EE

$11,738

$8,195+43.2%

$7,758+51.3%

$5,017+134.0%

Admin fee / account holder

$61

$127-51.8%

$10,762-99.4%

$145-57.8%

Provider

Service type

Compensation

COOK STREET CONSULTING9+ years

Service code 16 · EIN 84-0854432

Consulting

$150,878

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$131,280

MOSS ADAMS LLP9+ years

Service code 10 · EIN 91-0189318

Accounting

$24,885

MILLIMAN, INC.9+ years

Service code 15 · EIN 91-0675641

Recordkeeping

$12,127

CHARLES SCHWAB & CO., INC.5 years

Filed as: CHARLES SCHWAB & CO, INC.

Service code 19 · EIN 94-1737782

Securities Custodian

CHARLES SCHWAB & CO., INC.8 years

Filed as: CHARLES SCHWAB & CO., INC

Service code 19

Securities Custodian

CHARLES SCHWAB & CO., INC.9+ years

Service code 19

Securities Custodian

MILLIMAN PROFIT SHARING AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

MILLIMAN PROFIT SHARING AND RETIREMENT PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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