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Benchmarking Hughes Pittman & Gupton LLP Retirement Savings Plan in Raleigh, NC against all plans

 

Hughes Pittman & Gupton LLP Retirement Savings Plan in Raleigh, NC paid the 10th-highest professional fees ($6,076) of the 63 plans in Raleigh, NC. Those $6,076 compare to an average of $10,757 across the 63 plans.

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Peers

better than Clancy & Theys Construction Company 401(K) Profit Sharing Plan in Raleigh, NC ($217,851), Tep Holdings 401(K) Plan in Raleigh, NC ($155,456), Raleigh Medical Group, P.A. 401(K) Profit Sharing Plan in Raleigh, NC ($84,586), and North State Bank 401k Plan and ESOP in Raleigh, NC ($80,253), and 5 others, ending with North Carolina State Firefighters' Association Defined Contribution Retirement Plan in Raleigh, NC ($13,080).

exceeded Workplace Options, LLC Ret SVGS Plan in Raleigh, NC, Insightsoftware 401(K) Plan in Raleigh, NC, Alliance of Professionals & Consultants, Inc 401(K) Retirement Plan in Raleigh, NC, L&M Family of Companies 401(K) and PSP in Raleigh, NC, and 49 others, all with $0.

References

  1. 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.
  2. professional fees. Lower values are better. 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. 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.