Benchmarking Identity Automation, LP 401(K) Plan in Houston, TX against all plans
Identity Automation, LP 401(K) Plan in Houston, TX paid the highest contract administrator fees ($17,042) of the 90 plans whose industry group is Software Publishers and have at most $18,472 in total administrative expenses.
That is, among those 90 plans that do well on one measure, Identity Automation, LP 401(K) Plan does least well on a related measure. Those $17,042 compare to an average of $1,979 across the 90 plans.
That is, among those 90 plans that do well on one measure, Identity Automation, LP 401(K) Plan does least well on a related measure. Those $17,042 compare to an average of $1,979 across the 90 plans.
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Peers
after Identity Automation, LP 401(K) Plan in Houston, TX ($17,042, $18,472), closest are Influxdata Inc. Retirement Trust in San Francisco, CA ($16,617, $16,909), Submittable 401(K) Plan in Missoula, MT ($13,014, $13,014), Gladly Software, Inc. Retirement Trust in San Francisco, CA ($12,032, $12,032), and Pubg Santa Monica 401(K) Plan in Santa Monica, CA ($11,799, $11,799), ending with Bridge 401(K) Plan in Cottonwood Heights, UT ($0, $0).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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.
- 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 expenses. Lower values are better. From Line 2i(5), Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Note that total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses. 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.