Benchmarking J.D. Power 401(K) Plan in Troy, MI against all plans
J.D. Power 401(K) Plan in Troy, MI has the 8th-highest total administrative expense per participant ($148.01) of the 33 plans in the Great Lakes area whose economic sector is Professional, Scientific, and Technical Services and have 1,000 to 4,999 total participants. That $148.01 compares to a median of $102.05 across those 33 plans.
Reaching the median of $102.05 would imply a decrease of $55,060 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
J.D. Power 401(K) Plan has these standings among those 33 peer plans:
Reaching the median of $102.05 would imply a decrease of $55,060 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
J.D. Power 401(K) Plan has these standings among those 33 peer plans:
- total administrative expense per participant = $148.01 (8th-highest)
- total administrative expenses = $177,315 (16th-lowest)
- total participants = 1,198 (5th-fewest)
- investment advisory and management fees = $0
- recordkeeping fees = $0
- contract administrator fees = $0
- IQPA audit fees = $0
- bank or trust company trustee/custodial fees = $0
- plan salaries and allowances = $0
- legal fees = $0
- other trustee fees and expenses = $0
- actuarial fees = $0
- valuation/appraisal fees = $0
- other administrative expenses = $177,315
Visualize
Peers
better than Smithbucklin Employee Retirement Plan in Chicago, IL ($255.69), Ssoe, Inc. Profit Sharing and Savings Plan and Trust in Toledo, OH ($217.03), Ahead, Inc. 401(K) Plan in Chicago, IL ($207.81), and Exp U.S. Services, Inc. Saving and Retirement Plan in Chicago, IL ($203.98), and 3 others, ending with Park Place Technologies 401(K) Profit Sharing Plan in Mayfield Heights, OH ($152.49).
exceeded Entrust Solutions Group Retirement Savings Plan in Warrenville, IL ($134.34), Stout Risius Ross, LLC 401(K) Profit Sharing Plan in Royal Oak, MI ($133.76), Johnson Outdoors Retirement and Savings Plan in Racine, WI ($131.32), and NSF International 401(K) Plan in Ann Arbor, MI ($129.10), and 21 others, ending with Thoughtworks, Inc 401(K) Plan in Chicago, IL (-$37.90).
exceeded Entrust Solutions Group Retirement Savings Plan in Warrenville, IL ($134.34), Stout Risius Ross, LLC 401(K) Profit Sharing Plan in Royal Oak, MI ($133.76), Johnson Outdoors Retirement and Savings Plan in Racine, WI ($131.32), and NSF International 401(K) Plan in Ann Arbor, MI ($129.10), and 21 others, ending with Thoughtworks, Inc 401(K) Plan in Chicago, IL (-$37.90).
References
- whose economic sector is. The economic sector is the first two 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-September-2025 updates to the year-2023 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). Except where noted, all data come from the 25-September-2025 updates to the year-2023 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, 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 the value of 'total assets' must be at least $50,000. Except where noted, all data come from the 25-September-2025 updates to the year-2023 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-September-2025 updates to the year-2023 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.