The Mil Corporation 401(k) Review & Grade
The Mil Corporation 401(k) Plan
Bowie, MDProfessional, Scientific & Technical Services812 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,640Employer $ per active participant
$8,626Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$90.8MNet plan assets, end of year
$95,555Average balance per account
Score breakdown
- Employer generosity14.4 / 5029th percentile for employer $ per participant
- Low cost17.3 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving7.0 / 1547th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score42 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 29th |
| Lower admin cost | 69th |
| Employee saving | 47th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Mil put in about $1,640 per active participant, below the typical peer ($3,082). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $1,331,750 |
| Participant (employee) contributions | $7,004,480 |
| Other contributions (incl. rollovers in) | $1,641,206 |
| Administrative expenses paid from the plan | $103,678 |
| Investment advisory & management fees | $4,921 |
| Benefits paid out | $9,661,945 |
| Net assets, start / end of year | $80.2M / $90.8M |
| Active participants, start / end of year | 828 / 796 |
| Participants with account balances | 950 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA PC |
Largest service providers (Schedule C)
| Adp, Inc. | $103,678 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008051415NAL0003047923001, received 2025-10-08, EIN 52-1185063, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.