Benchmarking Bob Ciasulli Auto Group 401(K) Plan in Little Falls, NJ against all plans
In New Jersey with its 750 plans, Bob Ciasulli Auto Group 401(K) Plan in Little Falls, NJ has the highest other administrative expenses ($95,377) of the 622 plans (from those 750) that incur as little in total administrative expenses ($95,860).
That is, among those 622 plans that do well or OK on one measure, Bob Ciasulli Auto Group 401(K) Plan does least well on a related measure. Those $95,377 compare to an average of $13,864 across the 622 plans.
That is, among those 622 plans that do well or OK on one measure, Bob Ciasulli Auto Group 401(K) Plan does least well on a related measure. Those $95,377 compare to an average of $13,864 across the 622 plans.
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Peers
exceeded Harvey Nash, Inc. 401(K) Plan in Wayne, NJ ($93,354), The Dallas Group of America, Inc. Employees' Profit Sharing Plan and Trust in Whitehouse, NJ ($91,774), Ferraro Foods of New Jersey LLC 401(K) Plan in Piscataway, NJ ($90,581), and Community Surgical Supply Inc. 401(K) Profit Sharing Plan and Trust in Toms River, NJ ($89,962), and 617 others, ending with Retirement Savings Plan for Employees of Datacolor Inc. in Lawrenceville, NJ (-$8,844).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- other administrative expenses. Lower values are better. From Line 2i(4), Schedule H. Other expenses are those that cannot be included in 2i(1) through 2i(3). These may include plan expenditures such as salaries and other compensation and allowances (e.g., payment of premiums to provide health insurance benefits to plan employees), expenses for office supplies and equipment, cars, telephone, postage, rent, expenses associated with the ownership of a building used in the operation of the plan, and all miscellaneous expenses. Includes premium payments to the PBGC when paid from plan assets. 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.