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Benchmarking Beckley's Camping Center Retirement Plan in Thurmont, MD against all plans

 

Beckley's Camping Center Retirement Plan in Thurmont, MD has the highest total administrative expense per participant ($613.84) of all the 42 plans within 50 miles whose economic sector is Retail Trade. That $613.84 compares to an average of $208.72 across those 42 plans.

Reaching the average of $208.72 would imply a decrease of $70,896 in total administrative expenses.

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

Beckley's Camping Center Retirement Plan has these standings among those 42 peer plans:

  • total administrative expense per participant = $613.84 (the highest)

  • total administrative expenses = $107,422 (10th-highest)

  • total participants = 175 (8th-fewest)

Visualize

 
 

Peers

exceeded Sport Chevrolet Honda 401(K) Plan in Silver Spring, MD ($558.42), United Business Machines, Inc. Employees' 401(K) Plan in Gaithersburg, MD ($492.83), The Frederick Motor Company 401(K) Profit Sharing Plan in Frederick, MD ($467.32), and FCN, Inc. 401(K) Plan in Rockville, MD ($451.36), and 37 others, ending with Ourisman Companies 401k Plan in Bethesda, MD ($0.60).

References

  1. whose economic sector is. The economic sector is the first two 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.
  2. 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.
  3. 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.