Benchmarking The Plastic Surgery Center, Pa Safe Harbor Pension Plan in Shrewsbury, NJ against all plans
In New Jersey with its 750 plans, The Plastic Surgery Center, Pa Safe Harbor Pension Plan in Shrewsbury, NJ paid the highest investment advisory and management fees ($46,290) of the 375 plans (from those 750) with at most $48,055 in total administrative expenses (The Plastic Surgery Center, Pa Safe Harbor Pension Plan is at $47,940).
That is, among those 375 plans that do well on one measure, The Plastic Surgery Center, Pa Safe Harbor Pension Plan does least well on a related measure. Those $46,290 compare to an average of $2,517 across the 375 plans.
That is, among those 375 plans that do well on one measure, The Plastic Surgery Center, Pa Safe Harbor Pension Plan does least well on a related measure. Those $46,290 compare to an average of $2,517 across the 375 plans.
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Peers
exceeded Amarin Pharma Inc. 401(K) Plan in Bridgewater, NJ ($43,577), Boswell Engineering 401(K) Plan in South Hackensack, NJ ($41,151), C.F.G. 401k Plan in Marlton, NJ ($35,757), and Twin Boro Physical Therapy Associates, P.A. Retirement Plan and Trust in Clark, NJ ($34,338), and 370 others, ending with National Microrentals, Inc 401(K) Plan in Monroe Township, NJ ($0).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- investment advisory and management fees. Lower values are better. 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. 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 administrative expenses. Lower values are better. 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. 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.