Benchmarking Sterling Bank 401k Profit Sharing Plan in Poplar Bluff, MO against all plans
Sterling Bank 401k Profit Sharing Plan in Poplar Bluff, MO has the 9th-lowest total administrative expense per participant ($4.81) of the 226 plans whose industry group is Depository Credit Intermediation. That $4.81 compares to an average of $167.42 across those 226 plans.
Beating the average of $167.42 means a decrease of $26,181 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Sterling Bank 401k Profit Sharing Plan has these standings among those 226 peer plans:
Beating the average of $167.42 means a decrease of $26,181 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Sterling Bank 401k Profit Sharing Plan has these standings among those 226 peer plans:
- total administrative expense per participant = $4.81 (9th-lowest)
- total administrative expenses = $775 (11th-lowest, tied)
- total participants = 161 (65th-most)
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Peers
beat out by The Northumberland National Bank 401(K) Plan in Northumberland, PA ($0.00), Jefferson Bank and Trust Company 401(K) Profit Sharing Plan in Saint Louis, MO ($0.00), Concordia Bank & Trust Company 401(K) Plan in Vidalia, LA ($0.38), and The Fountain Trust Company Savings and Retirement Plan in Covington, IN ($1.13), and 4 others, ending with Industrial Credit Union of Whatcom County 401(K) Plan in Bellingham, WA ($4.39).
beat Texas Community Bank Employees 401k Profit Sharing Plan in Laredo, TX ($4.86), Meridian Trust Federal Credit Union Retirement Savings Plan in Cheyenne, WY ($5.06), Cogent Bank 401(K) Plan in Orlando, FL ($5.14), and Sooner Southwest Bankshares, Inc. 401(K) Profit Sharing Plan in Tulsa, OK ($5.87), and 213 others, ending with Southwest Security, Inc. 401(K) Plan in Natchez, MS ($606.05).
beat Texas Community Bank Employees 401k Profit Sharing Plan in Laredo, TX ($4.86), Meridian Trust Federal Credit Union Retirement Savings Plan in Cheyenne, WY ($5.06), Cogent Bank 401(K) Plan in Orlando, FL ($5.14), and Sooner Southwest Bankshares, Inc. 401(K) Profit Sharing Plan in Tulsa, OK ($5.87), and 213 others, ending with Southwest Security, Inc. 401(K) Plan in Natchez, MS ($606.05).
References
- whose industry group is. The industry group is the first four 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.
- 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.