Miller & Long Co., Inc. 401(k) Review & Grade
Miller & Long Employees Combined Retirement Plan
Bethesda, MDConstruction651 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$4,017Employer $ per active participant
$2,089Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$63.4MNet plan assets, end of year
$50,353Average balance per account
Score breakdown
- Employer generosity42.7 / 5085th percentile for employer $ per participant
- Low cost14.2 / 2557th percentile for low admin cost vs. same-size plans
- Employee saving3.4 / 1523th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score63 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 57th |
| Employee saving | 23th |
| Peers that auto-enroll | 44% |
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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
- Miller & Long Co. put in about $4,017 per active participant, more than the typical peer ($1,672). 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 | $2,614,925 |
| Participant (employee) contributions | $1,360,043 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $113,400 |
| Contract administrator fees | $113,400 |
| Benefits paid out | $5,587,962 |
| Net assets, start / end of year | $59.4M / $63.4M |
| Active participants, start / end of year | 568 / 734 |
| Participants with account balances | 1,259 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ellin & Tucker |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $113,990 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010072222NAL0004042067001, received 2025-10-10, EIN 53-0180808, plan #004, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.