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Benchmarking The Timken Belts Savings and Investment Retirement Plan for Bargaining Associates in Springfield, MO against all plans

 

The Timken Belts Savings and Investment Retirement Plan for Bargaining Associates in Springfield, MO has the 6th-lowest total administrative expense per participant ($38.28) of the 24 plans within 50 miles. That $38.28 compares to an average of $129.38 across those 24 plans.

Beating the average of $129.38 means a decrease of $33,162 in total administrative expenses.

Note: total administrative expense per participant =
total administrative expenses รท total participants

The Timken Belts Savings and Investment Retirement Plan for Bargaining Associates has these standings among those 24 peer plans:

  • total administrative expense per participant = $38.28 (6th-lowest)

  • total administrative expenses = $13,934 (6th-lowest)

  • total participants = 364 (12th-most)

Visualize

 
 

Peers

beat out by Mid-Missouri Bank Employees 401k Plan in Springfield, MO ($0.00), Hamra Enterprises Employees 401(K) Plan in Springfield, MO ($0.06), Wil Fischer Distributing Co., Inc. 401k Profit Sharing Plan in Springfield, MO ($14.90), and Ozarks Community Hospital 401(K) Profit Sharing Plan in Springfield, MO ($17.51), and 1 other.

beat Wilson Logistics, Inc. 401(K) Plan in Springfield, MO ($43.61), Employee Savings and Investment Plan of Friend Tire Company in Monnett, MO ($47.53), American Products, LLC 401(K) Profit Sharing Plan in Strafford, MO ($70.84), and Springfield Grocer Company 401(K) Retirement & Profit Sharing Plan in Springfield, MO ($71.17), and 14 others, ending with Stainless Fabrication, Inc. 401(K) Profit Sharing Plan in Springfield, MO ($299.69).

References

  1. 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.
  2. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.