Benchmarking Baylor Miraca Genetics Laboratories, LLC D/B/A Baylor G in Houston, TX against all plans
Baylor Miraca Genetics Laboratories, LLC D/B/A Baylor G in Houston, TX has the 6th-lowest total administrative expense per participant ($6.03) of the 75 plans whose industry group is Medical and Diagnostic Laboratories. That $6.03 compares to an average of $159.99 across those 75 plans.
Beating the average of $159.99 means a decrease of $68,972 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Baylor Miraca Genetics Laboratories, LLC D/B/A Baylor G has these standings among those 75 peer plans:
Beating the average of $159.99 means a decrease of $68,972 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Baylor Miraca Genetics Laboratories, LLC D/B/A Baylor G has these standings among those 75 peer plans:
- total administrative expense per participant = $6.03 (6th-lowest)
- total administrative expenses = $2,703 (7th-lowest)
- total participants = 448 (28th-most)
Visualize
Peers
beat out by Aegis Sciences Corporation 401(K) Plan in Nashville, TN ($1.99), Tryko Partners, LLC 401(K) Plan in Brick, NJ ($2.19), Collagen Matrix Inc 401(K) Profit Sharing Plan & Trust in Oakland, NJ ($2.53), and Inari Medical, Inc.401(K) Plan in Irvine, CA ($3.76), and 1 other.
beat GSS 401(K) Plan in Reston, VA ($6.96), CNY Fertility, PLLC 401(K) Profit Sharing Plan and Trust in Syracuse, NY ($7.27), Southeastern Pathology Associates, P.C. 401(K) & Profit Sharing Plan in Brunswick, GA ($11.14), and Athenex Inc 401(K) Profit Sharing Plan and Trust in Buffalo, NY ($14.27), and 65 others, ending with Nashville Dental, Inc. 401k Plan in Madison, TN ($734.85).
beat GSS 401(K) Plan in Reston, VA ($6.96), CNY Fertility, PLLC 401(K) Profit Sharing Plan and Trust in Syracuse, NY ($7.27), Southeastern Pathology Associates, P.C. 401(K) & Profit Sharing Plan in Brunswick, GA ($11.14), and Athenex Inc 401(K) Profit Sharing Plan and Trust in Buffalo, NY ($14.27), and 65 others, ending with Nashville Dental, Inc. 401k Plan in Madison, TN ($734.85).
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.