Millers Ale House, Inc 401(k) Review & Grade
Miller's Ale House, Inc. 401(k) Plan
Orlando, FLAccommodation & Food Services656 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$873Employer $ per active participant
$2,114Employee $ saved per active participant
0.49%Direct admin cost, % of plan assets
$12.7MNet plan assets, end of year
$29,237Average balance per account
Score breakdown
- Employer generosity42.6 / 5085th percentile for employer $ per participant
- Low cost6.0 / 2524th percentile for low admin cost vs. same-size plans
- Employee saving12.9 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score55 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 24th |
| Employee saving | 86th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($62,247 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Millers Ale House put in about $873 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.49% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $572,863 |
| Participant (employee) contributions | $1,387,519 |
| Other contributions (incl. rollovers in) | $51,780 |
| Administrative expenses paid from the plan | $56,149 |
| Investment advisory & management fees | $24,576 |
| Benefits paid out | $955,929 |
| Net assets, start / end of year | $10.3M / $12.7M |
| Active participants, start / end of year | 693 / 620 |
| Participants with account balances | 434 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Templeton & Compnay |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $31,573 reported compensation |
| Empower Advisory Group, LLC | $24,576 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013095112NAL0000965121001, received 2025-10-13, EIN 20-1480564, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.