Plan Snapshot
- Plan Sponsor: Milam, INC.
- Sponsor EIN: 910698642
- Sponsor Address: 608 RIVER ROAD, PUYALLUP, WA, 98371
- Plan Type: 401(k)
- Plan Number: 001
- Total Participants: 190
- Total Assets: $4.2M
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. |
|---|---|---|---|---|
| 2023 | 190 | $4.2M | $84,061 | $775,798 |
| 2022 | 180 | $3.0M | $31,617 | $602,252 |
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 |
|---|---|---|---|---|
| FORTUNE 360 GROUP LLC | Investment Advisor | $16,947 | — | $16,947 |
| NEWPORT GROUP, INC. | Recordkeeper | $16,657 | — | $16,657 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $33,604
- Estimated Expense Ratio: 0.798% 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 |
|---|---|---|---|---|---|
| 2023 | $32,605 | $16,947 | $10,115 | — | — |
| 2022 | $20,649 | $11,881 | $8,768 | — | — |