Benchmarking Rimports Inc 401(K) Plan in Provo, UT against all plans
Rimports Inc 401(K) Plan in Provo, UT has the 11th-lowest total administrative expense per participant ($2.68) of the 385 plans whose industry group is Other Miscellaneous Manufacturing. That $2.68 compares to an average of $130.73 across those 385 plans.
Beating the average of $130.73 means a decrease of $29,196 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Rimports Inc 401(K) Plan has these standings among those 385 peer plans:
Beating the average of $130.73 means a decrease of $29,196 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Rimports Inc 401(K) Plan has these standings among those 385 peer plans:
- total administrative expense per participant = $2.68 (11th-lowest)
- total administrative expenses = $612 (15th-lowest)
- total participants = 228 (108th-most, tied)
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Peers
beat out by BMS Logistics, Inc. 401(K) Plan in St Joseph, MO ($0.00), Swarco 401 K Plan in Columbia, TN ($0.00), Leoni Engineering Products & Services, Inc. 401(K) Plan in Lake Orion, MI ($0.00), and Lockheed Martin Savings Plan for Employees In Puerto Rico in Bethesda, MD ($0.00), and 6 others, ending with AP&G 401(K) Plan in Bayonne, NJ ($2.60).
beat JSI Store Fixtures Employee Savings Plan in Milo, ME ($2.93), Balcones Resources, Inc. 401(K) Plan in Austin, TX ($3.25), Shoreline Vinyl Systems, Inc. 401(K) Plan in Denton, MD ($3.37), and Roe Dental Laboratory, Inc. 401(K) and Profit Sharing Plan in Independence, OH ($3.50), and 370 others, ending with Pulp Studio Inc. 401(K) Profit Sharing Plan in Gardena, CA ($801.48).
beat JSI Store Fixtures Employee Savings Plan in Milo, ME ($2.93), Balcones Resources, Inc. 401(K) Plan in Austin, TX ($3.25), Shoreline Vinyl Systems, Inc. 401(K) Plan in Denton, MD ($3.37), and Roe Dental Laboratory, Inc. 401(K) and Profit Sharing Plan in Independence, OH ($3.50), and 370 others, ending with Pulp Studio Inc. 401(K) Profit Sharing Plan in Gardena, CA ($801.48).
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.