Profit Sharing · DOL Form 5500 · 2023
Miller Electric Company Profit Sharing Plan
Data updated 2026-08-11
- $44M
- Total assets
- 555
- Participants
- 84th
- Percentile by assets
- $80,164
- Avg per participant
Official DOL plan name: Miller Electric Company Employees Profit Sharing Plan · Sponsored by Miller Electric Company · Florida · Construction
$44M in assets, 555 participants
Miller Electric Company's Miller Electric Company Employees Profit Sharing Plan reported $44M in total assets and 555 participants in its 2023 DOL Form 5500 filing, ranking in the 84th percentile by assets among filed plans. Figures are as reported by the plan sponsor to the Department of Labor, not audited or endorsed by PlainRetire.
- 84th percentile by assets (of 127,072 plans)
- #7,425 in Construction (9,030 peers)
Where Miller Electric Company Employees Profit Sharing Plan sits by assets
Miller Electric Company Employees Profit Sharing Plan sits in the top quartile of all filed plans by assets, $44M for 555 participants (~$80,164/participant), up 10.3% in 2023.
- $44M
- total plan assets (2023 EOY)
- 555
- covered participants
- 84th
- percentile by assets (of 127,072 plans)
- $80,164
- avg assets per participant
What changed between DOL Form 5500 filings
plan year 2022 → plan year 2023
- Miller Electric Company Employees Profit Sharing Plan reported net income rose from -$272K in the plan year 2022 filing to $4M in the plan year 2023 filing.
- Miller Electric Company Employees Profit Sharing Plan reported participants rose from 502 in the plan year 2022 filing to 555 in the plan year 2023 filing.
- Miller Electric Company Employees Profit Sharing Plan end-of-year assets rose from $40M in the plan year 2022 filing to $44M in the plan year 2023 filing.
Miller Electric Company Employees Profit Sharing Plan vs the 2023 asset distribution
By assets, Miller Electric Company Employees Profit Sharing Plan outranks 84% of the 127,072 plans that filed a Form 5500 for the 2023 plan year, and holds roughly 0.4x the national average plan size of $100M (721 average participants).
Scale-class filing particulars (2023)
| Total Assets (Beginning of Year) | $40M |
|---|---|
| Net Assets (End of Year) | $44M |
| Net Income | $4M |
| Employer EIN | 590361850 |
| Plan Effective Date | 1971-10-01 |
| Filing Status | FILING RECEIVED |
Sponsor Plan History (Miller Electric Company)
| Year | Plans | Participants | Total Assets |
|---|---|---|---|
| 2022 | 2 | 1,026 | $101M |
| 2023 | 2 | 1,114 | $152M |
| 2024 | 2 | 1,043 | $39M |
Nearby Profit Sharing Plans in Florida
Peer Profit Sharing plans, same state, same plan type, ranked by total assets.
Miller Electric Company Employees Profit Sharing Plan vs. nearby Profit Sharing plans in Florida, assets vs. participants
- Retirement Wealth Builder Plan of Pwc $4.9B · 44,753
- Raymond James Financial, Inc. & Affiliates Profit Sharing Plan $1.2B · 15,503
- Orlando Health, Inc. Retirement Savings Plan 401a $441M · 26,077
- Shands Health Care Matched Savings Account 401(a) $421M · 9,825
- American Maritime Officers Defined Contribution Plan $314M · 4,371
Similar-Sized Profit Sharing Plans Nationally
Profit Sharing plans in other states closest to Miller Electric Company Employees Profit Sharing Plan by total assets, not by location.
- Communication Workers of America, AFL-CIO Local 1170 Retirement Plan (NY) $44M · 236
- The Health Care Authority for Baptist Health Matching Dollar Plan (AL) $45M · 2,207
- V. Suarez & Co., Inc. Retirement Plan (PR) $45M · 529
- Empire State Highway Contractors Association, Inc. Retirement Plan for the Employees of Lancaster Development, Inc. (NY) $45M · 108
Frequently Asked Questions
How did Miller Electric Company Employees Profit Sharing Plan assets move in 2023? ▼
How have Miller Electric Company plan assets changed over time? ▼
Where does Miller Electric Company Employees Profit Sharing Plan rank by assets among Form 5500 filers? ▼
Which Profit Sharing plans are similar in size to Miller Electric Company Employees Profit Sharing Plan? ▼
Next read for Miller Electric Company Employees Profit…
Scale reading
Ways to act on Miller Electric Company Employees Profit Sharing Plan's numbers.
- By total assets, Miller Electric Company Employees Profit Sharing Plan ranks in the top quartile of all filed plans by assets. See the largest plans
- Compare it side-by-side against 3 similar Profit Sharing plans in Florida. Compare plans
- Miller Electric Company's sponsor-wide assets have declined 60.8% since 2022 across 3 plan years on file. More Construction plans