Benchmarking Best Brands 401(K) Plan in Nashville, TN against all plans
Best Brands 401(K) Plan in Nashville, TN has the 5th-highest total administrative expense per participant ($249.40) of the 117 plans whose industry group is Warehousing and Storage. That $249.40 compares to an average of $86.55 across those 117 plans.
Reaching the average of $86.55 would imply a decrease of $31,592 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Best Brands 401(K) Plan has these standings among those 117 peer plans:
Reaching the average of $86.55 would imply a decrease of $31,592 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Best Brands 401(K) Plan has these standings among those 117 peer plans:
- total administrative expense per participant = $249.40 (5th-highest)
- total administrative expenses = $48,383 (13th-highest)
- total participants = 194 (50th-fewest)
Visualize
Peers
better than Texas Forwarding Services, Inc. Retirement Savings Plan in Laredo, TX ($366.97), Commercial Warehouse & Cartage, Inc. 401(K) Profit Sharing Plan in Fort Wayne, IN ($275.78), Distribution Technology Inc.401(K) Retirement Plan in Charlotte, NC ($256.46), and Teltech Communications, LLC 401(K) Profit Sharing Plan & Tru in Frisco, TX ($253.07).
exceeded Orefield Cold Storage & Distribution Center 401(K) Profit Sharing Plan in Orefield, PA ($248.97), Lile International Companies, Inc. 401(K) Plan in Tigard, OR ($243.87), Self Storage Management LLC 401(K) Profit Sharing Plan & Trust in Atlanta, GA ($241.05), and Holman Contract Warehousing Inc Employees Retirement Plan in Kent, WA ($225.04), and 108 others, ending with Genesis Logistics Inc. Union Retirement Plan in Westerville, OH (-$5.11).
exceeded Orefield Cold Storage & Distribution Center 401(K) Profit Sharing Plan in Orefield, PA ($248.97), Lile International Companies, Inc. 401(K) Plan in Tigard, OR ($243.87), Self Storage Management LLC 401(K) Profit Sharing Plan & Trust in Atlanta, GA ($241.05), and Holman Contract Warehousing Inc Employees Retirement Plan in Kent, WA ($225.04), and 108 others, ending with Genesis Logistics Inc. Union Retirement Plan in Westerville, OH (-$5.11).
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.