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Benchmarking The Mursix Corporation Retirement Plan in Yorktown, IN against all plans

 

The Mursix Corporation Retirement Plan in Yorktown, IN paid the 10th-highest professional fees ($6,808) of the 118 plans whose industry group is Other Electrical Equipment and Component Manufacturing. Those $6,808 compare to an average of $3,805 across the 118 plans.

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Peers

better than Seitz LLC 401(K) Incentive Savings Plan in Torrington, CT ($140,438), Technology Dynamics, Inc. 401(K) Plan in Bergenfield, NJ ($68,947), Art's Electric, Inc. 401(K) Plan in Frankfort, KY ($50,289), and Osram Continental USA 401(K) Plan in Hendersonville, TN ($42,828), and 5 others, ending with E.M.F. Corporation Employee 401(K) Profit Sharing Plan in Angola, IN ($10,929).

exceeded Riot Energy, Inc. 401(K) Plan in Camarillo, CA ($5,199), Alexander's Contract Services, Inc.401-K Plan in Atascadero, CA ($3,631), NGK-Locke, Inc. 401(K) Plan in Virginia Beach, VA ($2,805), and Flight Systems Industrial Products, Inc. 401(K) Savings Plan in Carlisle, PA ($1,960), and 104 others, ending with Mid-South Industries 401(K) and Profit Sharing Plan in Gadsden, AL ($0).

References

  1. 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.
  2. professional fees. Lower values are better. From Line 2i(1), Schedule H. Includes 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) by the plan for outside accounting, actuarial, legal, and valuation/appraisal services. Includes fees for the annual audit of the plan by an independent qualified public accountant (IQPA); for payroll audits; for accounting/bookkeeping services; for actuarial services rendered to the plan; and to a lawyer for rendering legal opinions, litigation, and advice (but not for providing legal services as a benefit to plan participants). Reports fees and expenses for corporate trustees and individual plan trustees, including reimbursement of expenses associated with trustees, such as lost time, seminars, travel, meetings, etc. Includes the fee(s) for valuations or appraisals to determine the cost, quality, or value of an item such as real property, personal property (gemstones, coins, etc.), and for valuations of closely held securities for which there is no ready market. Does not include amounts paid to plan employees to perform bookkeeping/accounting functions that should be included in line 2i(4). 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.