Plan Snapshot
- Plan Sponsor: Miele, INC.
- Sponsor EIN: 133172349
- Sponsor Address: 9 INDEPENDENCE WAY, PRINCETON, NJ, 08540
- Plan Type: 401(k)
- Total Participants: 389
- Total Assets: $52.7M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 389 | $52.7M | $1.0M | $3.0M |
| 2023 | 392 | $48.6M | $1.1M | $3.3M |
| 2022 | 466 | $41.5M | $1.1M | $3.2M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| ADP, INC. | RECORD KEEPER | $81,677 | — | $81,677 |
| MERRILL LYNCH PIERCE FENNER & SMITH | INVESTMENT ADVISOR | $53,721 | — | $53,721 |
| WITHUM SMITH & BROWN | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- ADP, INC. — RECORD KEEPER
- WITHUM SMITH & BROWN — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $135,398
- Estimated Expense Ratio: 0.257% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $135,924 | $72,348 | — | — | — |
| 2023 | $63,109 | $12,047 | — | — | — |
| 2022 | $72,641 | — | — | — | — |