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Benchmarking Dataprise,LLC 401(K) Plan in Rockville, MD against
bad (6)
Of the 253 plans in Maryland that have at least $19,607,744 in total assets, Dataprise,LLC 401(K) Plan in Rockville, MD is one of just 10 that are higher than the overall administrative medians in each of professional fees, contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Dataprise,LLC 401(K) Plan has these standings among those 253 peer plans plus nationwide comparisons:
Dataprise,LLC 401(K) Plan has these standings among those 253 peer plans plus nationwide comparisons:
- professional fees = $15,881 (19th-highest)
the nationwide median is $0 - contract administrator fees = $41,000 (71st-highest)
the nationwide median is $0 - investment advisory and management fees = $56,629 (18th-highest)
the nationwide median is $0 - other administrative expenses = $0 (5th-lowest, tied)
the nationwide median is $0 - total administrative expenses = $113,510 (53rd-highest)
the nationwide median is $51,442 - total administrative expense ratio = 0.580% (10th-highest, tied)
the nationwide median is 0.260%
- are higher than the overall administrative medians in. Smaller sets are better. (1) The median nationwide value of professional fees is $0.00, so worse is above that. From Line 2i(1), Schedule H. Includes the total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) by the plan for outside accounting, actuarial, legal, and valuation/appraisal services. Includes fees for the annual audit of the plan by an independent qualified public accountant (IQPA); for payroll audits; for accounting/bookkeeping services; for actuarial services rendered to the plan; and to a lawyer for rendering legal opinions, litigation, and advice (but not for providing legal services as a benefit to plan participants). Reports fees and expenses for corporate trustees and individual plan trustees, including reimbursement of expenses associated with trustees, such as lost time, seminars, travel, meetings, etc. Includes the fee(s) for valuations or appraisals to determine the cost, quality, or value of an item such as real property, personal property (gemstones, coins, etc.), and for valuations of closely held securities for which there is no ready market. Does not include amounts paid to plan employees to perform bookkeeping/accounting functions that should be included in line 2i(4). A missing entry from the Schedule H is here assigned a value of $0. (2) The median nationwide value of contract administrator fees is $0.00, so worse is above that. From Line 2i(2), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to a contract administrator for performing administrative services for the plan. For purposes of the return/report, a contract administrator is any individual, partnership, or corporation, responsible for managing the clerical operations (e.g., handling membership rosters, claims payments, maintaining books and records) of the plan on a contractual basis. Does not include salaried staff or employees of the plan or banks or insurance carriers. A missing entry from the Schedule H is here assigned a value of $0. (3) The median nationwide value of investment advisory and management fees is $0.00, so worse is above that. From Line 2i(3), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to an individual, partnership or corporation (or other person) for advice to the plan relating to its investment portfolio. These may include fees paid to manage the plan’s investments, fees for specific advice on a particular investment, and fees for the evaluation for the plan’s investment performance. A missing entry from the Schedule H is here assigned a value of $0. (4) The median nationwide value of other administrative expenses is $0.00, so worse is above that. From Line 2i(4), Schedule H. Other expenses are those that cannot be included in 2i(1) through 2i(3). These may include plan expenditures such as salaries and other compensation and allowances (e.g., payment of premiums to provide health insurance benefits to plan employees), expenses for office supplies and equipment, cars, telephone, postage, rent, expenses associated with the ownership of a building used in the operation of the plan, and all miscellaneous expenses. Includes premium payments to the PBGC when paid from plan assets. A missing entry from the Schedule H is here assigned a value of $0. (5) The median nationwide value of total administrative expenses is $51,442, so worse is above that. From Line 2i(5), Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Note that total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses. (6) The median nationwide value of total administrative expense ratio is 0.260%, so worse is above that. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. 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.
- in state. 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 assets. At end of plan year. Line 1f(b) from Schedule H. 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.
Dataprise,LLC 401(K) Plan in Rockville, MD is in Rockville, MD, its EIN is 521920434, its industry group is Computer Systems Design and Related Services, its plan administrator is Mitchell Paige, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 541519, has 500 to 999 total participants, is worse than the overall participant averages in each of net income per total participant, average account balance, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of professional fees, contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($19,607,744)
- net assets (assets minus liabilities) ($19.60M)
- value of interest in registered investment companies (e.g., mutual funds) ($19.20M)
- total assets at beginning of plan year ($18,242,814)
- total income ($4,660,912)
- total expenses ($3,295,982)
- earnings on investments ($2,653,386)
- net earnings on investments ($2,596,757)
- total contributions ($2,007,526)
- cash contributions from participants ($1,559,941)
- net income ($1,364,930)
- participant loans ($257,069)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($181,673)
- cash contributions from employers ($174,095)
- total administrative expenses ($113,510)
- investment advisory and management fees ($56,629)
- contract administrator fees ($41,000)
- average account balance ($37,635)
- professional fees ($15,881)
- average participant cash contribution per active participant ($6,265)
- net income per total participant ($2,620)
- average employer cash contribution per active participant ($699.20)
- total administrative expense per participant ($217.87)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant 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)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (47.8%)
- yield on beginning-of-plan-year total assets (14.23%)
- diversity of asset types (3.8%)
- participant loans as a percentage of plan assets (1.31%)
- total cash as a percentage of plan assets (0.93%)
- total administrative expense ratio (0.580%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (249)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (521)
- other retired or separated participants entitled to future benefits (272)
- retired or separated participants receiving benefits (0)
- total participants (521)
Global References