Benchmarking Constellium Automotive USA 401(K) Retirement Plan in Van Buren, MI against all plans
Constellium Automotive USA 401(K) Retirement Plan in Van Buren, MI has the lowest total administrative expense per participant ($9.88) of all the 27 plans whose industry group is Alumina and Aluminum Production and Processing. That $9.88 compares to an average of $129.87 across those 27 plans.
Beating the average of $129.87 means a decrease of $103,194 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Constellium Automotive USA 401(K) Retirement Plan has these standings among those 27 peer plans:
Beating the average of $129.87 means a decrease of $103,194 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Constellium Automotive USA 401(K) Retirement Plan has these standings among those 27 peer plans:
- total administrative expense per participant = $9.88 (the lowest)
- total administrative expenses = $8,500 (2nd-lowest)
- total participants = 860 (3rd-most)
Visualize
Peers
beat RCM Industries, Inc. 401(K) and Profit Sharing Plan in Franklin Park, IL ($22.74), Scepter, Inc. 401(K) Plan in Waverly, TN ($23.88), Madison-Kipp Retirement Savings Plan in Madison, WI ($26.84), and Keymark-Kasson & Keller Inc. 401k Plan in Fonda, NY ($42.33), and 22 others, ending with TST, Inc. 401(K) Retirement and Profit Sharing Plan in Chino, CA ($430.22).
References
- whose industry group is. The industry group is the first four 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-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.