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Benchmarking Headway Workforce Solutions, Inc. Salary Savings Plan in Raleigh, NC against all plans

 

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 รท 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)

Visualize

 
 

Peers

beat out by Retirement Living Associates, Inc. Retirement Plan in Raleigh, NC ($11.58), U.S. Tobacco Cooperative 401(K) Plan in Raleigh, NC ($16.28), Hurricanes Holdings, LLC 401(K) Plan in Raleigh, NC ($23.05), and Johnson Lambert LLP 401(K) Plan in Raleigh, NC ($37.35), and 1 other.

beat Victra 401(K) Plan in Raleigh, NC ($45.07), Tri-Arc Food Systems, Inc. 401k Plan in Raleigh, NC ($45.15), Prometheus Group 401(K) Plan in Raleigh, NC ($47.59), and Pendo.Io, Inc. Retirement Plan in Raleigh, NC ($52.45), and 53 others, ending with L.E. Wooten & Company Profit Sharing Savings Plan in Raleigh, NC ($638.00).

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. 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.