Benchmarking Gestamp North America 401(K) Plan in Troy, MI against all plans
Of all the 1,887 plans that have 1,000 to 4,999 total participants, only Gestamp North America 401(K) Plan in Troy, MI has both as high a total administrative expense per participant ($110.72) and such a low average account balance ($25,952).
So, any other plan with as high a total administrative expense per participant also has higher average account balance. Likewise, any other plan with as low an average account balance also has lower total administrative expense per participant.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Gestamp North America 401(K) Plan has these standings among those 1,887 peer plans:
Note: average account balance = total assets ÷ total participants
Gestamp North America 401(K) Plan has these standings among those 1,887 peer plans:
So, any other plan with as high a total administrative expense per participant also has higher average account balance. Likewise, any other plan with as low an average account balance also has lower total administrative expense per participant.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Gestamp North America 401(K) Plan has these standings among those 1,887 peer plans:
- total administrative expense per participant = $110.72 (717th-highest)
- total administrative expenses = $485,721 (68th-highest)
- total participants = 4,387 (73rd-most)
Note: average account balance = total assets ÷ total participants
Gestamp North America 401(K) Plan has these standings among those 1,887 peer plans:
- average account balance = $25,952 (15th-lowest)
- total assets = $113,852,221 (284th-least)
- total participants = 4,387 (73rd-most)
Visualize
Peers
closest are Altres 401(K) Retirement Plan in Honolulu, HI ($164.53, $26,168), Chenmed, LLC 401(K) Plan in Miami Gardens, FL ($117.96, $26,173), Landrum Professional Employer Services Retirement Savings Plan in Pensacola, FL ($134.55, $27,966), and IBEW Local Union No. 520 Annuity Plan in Albuquerque, NM ($192.15, $29,920), ending with Ensco, Inc. Retirement Plan in Springfield, VA ($117.46, $238,779).
References
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- 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 total participants, i.e. 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 at least $50,000. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.