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Benchmarking Umuc Ventures, Inc. 401(K) Plan in Bethesda, MD against all plans

 

Umuc Ventures, Inc. 401(K) Plan in Bethesda, MD paid the 10th-highest contract administrator fees ($17,665) of the 30 plans in Bethesda, MD. Those $17,665 compare to an average of $23,298 across the 30 plans.

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Peers

better than Rapid Financial Services, LLC 401(K) Retirement Plan in Bethesda, MD ($107,898), Red Coats, Inc. Employees' 401(K) Plan in Bethesda, MD ($97,043), Business Integra, Inc. 401(K) Plan in Bethesda, MD ($91,619), and Ibo Defined Contribution Plan in Bethesda, MD ($90,699), and 5 others, ending with Genco Masonry,Inc 401(K) Profit Sharing Plan in Bethesda, MD ($22,465).

exceeded GRSI 401(K) Plan in Bethesda, MD ($12,863), Donohoe Hospitality Services 401(K) Plan in Bethesda, MD ($12,295), Teaching Strategies, LLC Profit Sharing Plan in Bethesda, MD ($5,950), and Calibre CPA Group, Profit Sharing Plan in Bethesda, MD ($3,495), and 16 others, ending with Topsail Professional Services 401(K) Plan in Bethesda, MD ($0).

References

  1. 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.
  2. contract administrator fees. Lower values are better. From Line 2i(2), 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 a contract administrator for performing administrative services for the plan. For purposes of the return/report, a contract administrator is any individual, partnership, or corporation, responsible for managing the clerical operations (e.g., handling membership rosters, claims payments, maintaining books and records) of the plan on a contractual basis. Does not include salaried staff or employees of the plan or banks or insurance carriers. 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.