Plans » Benchmarking Engine
Benchmarking Headway Workforce Solutions, Inc. Salary Savings Plan in Raleigh, NC against
good (2)
neutral (9)
Headway Workforce Solutions, Inc. Salary Savings Plan in Raleigh, NC has the 6th-lowest total administrative expense per participant ($42.19) of the 63 plans in Raleigh, NC. That $42.19 compares to an average of $224.84 across those 63 plans.
Beating the average of $224.84 means a decrease of $356,894 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Headway Workforce Solutions, Inc. Salary Savings Plan has these standings among those 63 peer plans:
Beating the average of $224.84 means a decrease of $356,894 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Headway Workforce Solutions, Inc. Salary Savings Plan has these standings among those 63 peer plans:
- total administrative expense per participant = $42.19 (6th-lowest)
- total administrative expenses = $82,442 (28th-highest)
- total participants = 1,954 (3rd-most)
- in city. Values were kept only if they occurred at least 20 times. 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.
Headway Workforce Solutions, Inc. Salary Savings Plan in Raleigh, NC is in Raleigh, NC, its EIN is 752134871, its industry group is Employment Services, its plan administrator is Joe Yelenic, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides participant-directed brokerage accounts as investment options, is a single-employer plan, its business code is 561300, has 1,000 to 4,999 total participants, is worse than the overall plan medians in each of total income, net income, corrective distributions, and yield on beginning-of-plan-year total assets (4 total), is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of investment advisory and management fees, other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($19,239,021)
- net assets (assets minus liabilities) ($19.20M)
- total assets at beginning of plan year ($18,479,774)
- value of interest in registered investment companies (e.g., mutual funds) ($16.90M)
- total income ($2,612,118)
- earnings on investments ($1,871,866)
- total expenses ($1,852,871)
- net earnings on investments ($1,847,866)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($1,507,124)
- other general investments ($772,939)
- net income ($759,247)
- total contributions ($670,860)
- cash contributions from participants ($658,818)
- participant loans ($89,770)
- total administrative expenses ($82,442)
- corrective distributions ($64,555)
- other administrative expenses ($58,442)
- investment advisory and management fees ($24,000)
- average account balance ($9,846)
- receivables participant contributions ($4,088)
- net income per total participant ($388.60)
- average participant cash contribution per active participant ($375.00)
- total administrative expense per participant ($42.19)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- average employer cash contribution per active participant (-$0.06)
- cash contributions from employers (-$101)
- percentage of active participants (89.9%)
- diversity of asset types (14.8%)
- yield on beginning-of-plan-year total assets (10.00%)
- total cash as a percentage of plan assets (7.83%)
- participant loans as a percentage of plan assets (0.47%)
- total administrative expense ratio (0.430%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,757)
- deceased participants whose beneficiaries receive or are entitled to benefits (4)
- living participants (1,950)
- other retired or separated participants entitled to future benefits (193)
- retired or separated participants receiving benefits (0)
- total participants (1,954)
Global References