Benchmarking Cortrust Bank 401(K) Plan in Mitchell, SD against all plans
Cortrust Bank 401(K) Plan in Mitchell, SD has the 2nd-lowest total administrative expense per participant ($4.54) of the 71 South Dakota plans. That $4.54 compares to an average of $221.24 across those 71 plans.
Beating the average of $221.24 means a decrease of $93,616 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses รท total participants
Cortrust Bank 401(K) Plan has these standings among those 71 peer plans:
Beating the average of $221.24 means a decrease of $93,616 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses รท total participants
Cortrust Bank 401(K) Plan has these standings among those 71 peer plans:
- total administrative expense per participant = $4.54 (2nd-lowest)
- total administrative expenses = $1,962 (4th-lowest)
- total participants = 432 (18th-most, tied)
Visualize
Peers
Vance Thompson Vision Clinic, Prof. LLC 401(K) Profit Sharing Plan in Sioux Falls, SD is first with $2.27.
beat South Dakota Soybean Processors LLC 401(K) Retirement Plan in Volga, SD ($5.41), Pioneer Bank & Trust Employees Profit Sharing Retirement Plan in Spearfish, SD ($5.78), Clarity Telecom, LLC 401(K) Plan in Sioux Falls, SD ($11.42), and Bell Incorporated Employees Profit Sharing Plan in Sioux Falls, SD ($13.15), and 65 others, ending with The Midlands Clinic, P.C. 401(K) Plan and Trust in Dakota Dunes, SD ($1,769).
beat South Dakota Soybean Processors LLC 401(K) Retirement Plan in Volga, SD ($5.41), Pioneer Bank & Trust Employees Profit Sharing Retirement Plan in Spearfish, SD ($5.78), Clarity Telecom, LLC 401(K) Plan in Sioux Falls, SD ($11.42), and Bell Incorporated Employees Profit Sharing Plan in Sioux Falls, SD ($13.15), and 65 others, ending with The Midlands Clinic, P.C. 401(K) Plan and Trust in Dakota Dunes, SD ($1,769).
References
- 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 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.