Plan Snapshot
- Plan Sponsor: Miles College
- Sponsor EIN: 630400608
- Sponsor Address: 5500 MYRON MASSEY BLVD, FAIRFIELD, AL, 350642621
- Plan Type: 401(k)
- Total Participants: 106
- Total Assets: $10.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: Yes
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 106 | $10.0M | $149,088 | $226,297 |
| 2023 | 112 | $9.4M | $145,442 | $268,240 |
| 2022 | 109 | $7.1M | $160,583 | $233,862 |
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 |
|---|---|---|---|---|
| THE WESLEY PEACHTREE GROUP, CPAS | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $1,852 | — | $1,852 | — | — |
| 2023 | $377 | — | $377 | — | — |
| 2022 | — | — | — | — | — |