Miles Sand & Gravel Company 401(k) Review & Grade
Miles Sand & Gravel Company Retirement Plan
Puyallup, WAManufacturing511 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$8,229Employer $ per active participant
$4,300Employee $ saved per active participant
0.17%Direct admin cost, % of plan assets
$58.1MNet plan assets, end of year
$126,046Average balance per account
Score breakdown
- Employer generosity46.8 / 5094th percentile for employer $ per participant
- Low cost14.8 / 2559th percentile for low admin cost vs. same-size plans
- Employee saving6.2 / 1541th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 94th |
| Lower admin cost | 59th |
| Employee saving | 41th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Miles Sand & Gravel put in about $8,229 per active participant, more than the typical peer ($2,320). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $4,205,229 |
| Participant (employee) contributions | $2,197,351 |
| Other contributions (incl. rollovers in) | $660,411 |
| Administrative expenses paid from the plan | $92,966 |
| Contract administrator fees | $92,966 |
| Benefits paid out | $3,076,115 |
| Net assets, start / end of year | $49.8M / $58.1M |
| Active participants, start / end of year | 509 / 513 |
| Participants with account balances | 461 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Patricia a Coventry CPA PS |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $92,965 reported compensation |
| Wilshire Advisors LLC | $0 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014103710NAL0003680480001, received 2025-10-14, EIN 91-0815076, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.