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Benchmarking Magic Leap Inc. 401(K) Plan in Plantation, FL against all plans

 

Magic Leap Inc. 401(K) Plan in Plantation, FL has the 11th-highest total administrative expense per participant ($170.34) of the 45 plans within 50 miles. That $170.34 compares to an average of $128.96 across those 45 plans.

Reaching the average of $128.96 would imply a decrease of $60,870 in total administrative expenses.

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

Magic Leap Inc. 401(K) Plan has these standings among those 45 peer plans:

  • total administrative expense per participant = $170.34 (11th-highest)

  • total administrative expenses = $250,576 (22nd-lowest)

  • total participants = 1,471 (14th-fewest)

Visualize

 
 

Peers

better than Gunster Retirement Savings Plan in West Palm Beach, FL ($623.22), Bacardi U.S.A., Inc. & Affiliates 401(K) Savings and DC Retirement Plan in Coral Gables, FL ($449.69), Solaris 401(K) Plan in Ft. Lauderdale, FL ($388.79), and Kemet Employees' Savings Plan in Fort Lauderdale, FL ($253.38), and 6 others, ending with Members 401(K) Advantage in Palm Beach Gardens, FL ($179.13).

exceeded Gastro Health 401(K) Retirement Plan in Miami, FL ($165.52), Amerant Bank, N.A. Retirement Benefits Plan in Miami, FL ($156.63), Ci US Holdings Inc. 401(K) Plan in Miami, FL ($155.82), and Moss & Associates, LLC 401(K) Profit Sharing Plan in Ft Lauderdale, FL ($155.51), and 30 others, ending with National Dentex Corporation Plan in Palm Beach Gardens, FL (-$36.23).

References

  1. 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, separated participants who are still living, and 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.