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Benchmarking Allegis Group, Inc. Retirement Savings Plan Three in Hanover, MD against all plans

 

Allegis Group, Inc. Retirement Savings Plan Three in Hanover, MD has the 2nd-lowest total administrative expense per participant ($5.39) of the 23 plans whose industry group is Employment Services. That $5.39 compares to an average of $91.27 across those 23 plans.

Beating the average of $91.27 means a decrease of $4,513,458 in total administrative expenses.

Note: total administrative expense per participant =
total administrative expenses ÷ total participants

Allegis Group, Inc. Retirement Savings Plan Three has these standings among those 23 plans:

  • total administrative expense per participant = $5.39 (2nd-lowest)

  • total administrative expenses = $283,165 (8th-lowest)

  • total participants = 52,553 (2nd-most)

Visualize

 
 

Peers

Allegis Group, Inc. Retirement Savings Plan Two in Hanover, MD is first with $3.01.

beat Insight Global, LLC 401(K) Plan in Atlanta, GA ($11.79), Amn Healthcare 401(K) Retirement Savings Plan in San Diego, CA ($11.88), Empower HR Retirement Savings Plan in Brighton, MI ($14.45), and Cross Country Healthcare, Inc. 401(K) Plan in Boca Raton, FL ($17.65), and 17 others, ending with Genesis HR Solutions Retirement Savings Plan in Burlington, MA ($294.32).

References

  1. whose industry group is. The industry group is the first four digits from the six-digit NAICS business code, Line 2d in Form 5500, which best describes the nature of the plan sponsor’s business, from the available list. If more than one employer or employee organization is involved, filers are asked to enter the business code for the main business activity of the employer and/or employee organizations. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. total administrative expense per participant. Lower values are better. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by the sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). To qualify for total administrative expense per participant, the number of total assets must be greater than $100K. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.