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Benchmarking Independent Healthcare Management 401(K) Plan in Magee, MS against all plans

 

Independent Healthcare Management 401(K) Plan in Magee, MS has the 7th-lowest total administrative expense per participant ($10.88) of the 61 plans within 50 miles. That $10.88 compares to an average of $148.86 across those 61 plans.

Beating the average of $148.86 means a decrease of $54,366 in total administrative expenses.

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

Independent Healthcare Management 401(K) Plan has these standings among those 61 peer plans:

  • total administrative expense per participant = $10.88 (7th-lowest)

  • total administrative expenses = $4,286 (9th-lowest)

  • total participants = 394 (11th-most)

Visualize

 
 

Peers

beat out by MDR Construction, Inc. 401(K) Plan in Columbia, MS ($0.00), Central Mississippi Civic Improvement Assoc, Inc Profit Sharing Plan in Jackson, MS ($0.53), Higginbotham Automobiles, LLC 401(K) Plan in Ridgeland, MS ($2.56), and Perimeter Foods 401k in Flowood, MS ($3.33), and 2 others, ending with Friends of Children of Mississippi, Inc. 401k Profit Sharing Plan in Flowood, MS ($8.16).

beat E3 Services 401(K) Retirement Plan in Clinton, MS ($11.27), Hood Packaging Corporation Hourly Employees 401(K) Plan in Madison, MS ($12.00), Mississippi Management, Inc. 401(K) Retirement and Savings Plan in Flowood, MS ($21.22), and Potters Wings, LLC 401(K) Profit Sharing Plan and Trust in Brandon, MS ($21.63), and 50 others, ending with J.L. Roberts Mechanical 401(K) Retirement Savings Plan in Richland, MS ($777.26).

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.