Benchmarking Alliance Sales & Marketing 401(K) Plan in Charlotte, NC against all plans
In Charlotte, NC with its 127 plans, Alliance Sales & Marketing 401(K) Plan in Charlotte, NC paid the highest investment advisory and management fees ($45,950) of the 58 plans (from those 127) with at least a 14.36% yield on beginning-of-plan-year total assets (Alliance Sales & Marketing 401(K) Plan is at 14.71%).
That is, among those 58 plans that do well on one measure, Alliance Sales & Marketing 401(K) Plan does least well on a related measure. Those $45,950 compare to an average of $3,176 across the 58 plans.
That is, among those 58 plans that do well on one measure, Alliance Sales & Marketing 401(K) Plan does least well on a related measure. Those $45,950 compare to an average of $3,176 across the 58 plans.
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Peers
exceeded Hornets Basketball, LLC 401(K) Plan in Charlotte, NC ($41,097), American Radio Television 401(K) Plan and Trust in Charlotte, NC ($34,357), Grubb Management, LLC 401(K) Profit Sharing Plan in Charlotte, NC ($34,180), and Charlotte Metro Federal Credit Union 401(K) Plan in Charlotte, NC ($11,370), and 53 others, ending with Power & Energy Retirement Savings Plan in Charlotte, NC ($0).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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.
- 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.
- yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.