Benchmarking Good Tire Service, Inc. 401(K) and Profit Sharing Plan in Kittanning, PA against all plans
Good Tire Service, Inc. 401(K) and Profit Sharing Plan in Kittanning, PA incurs the 12th-lowest total administrative expenses ($5,898) of the 78 plans whose industry group is Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers, are a profit-sharing plan, and covered by a fidelity bond. Those $5,898 compare to an average of $31,085 across the 78 plans.
Note: total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses
Good Tire Service, Inc. 401(K) and Profit Sharing Plan has these standings among those 78 peer plans:
Note: total administrative expenses = professional fees + contract administrator fees + investment advisory and management fees + other administrative expenses
Good Tire Service, Inc. 401(K) and Profit Sharing Plan has these standings among those 78 peer plans:
- total administrative expenses = $5,898 (12th-lowest)
- professional fees = $0 (the lowest, tied)
- contract administrator fees = $0 (the lowest, tied)
- investment advisory and management fees = $0 (the lowest, tied)
- other administrative expenses = $5,898 (17th-highest)
Visualize
Peers
beat out by Automotive and Industrial Distributors of Billings - 401(K) Plan in Billings, MT ($0), South Florida Auto Auction 401k Plan in Longwood, FL ($0), Lakin Tire East, Inc. Savings & Retirement Plan in West Haven, CT ($206), and The Flowers Company, Inc. 401(K) Profit Sharing Plan in Hickory, NC ($662), and 7 others, ending with Steve Shannon Tire Company Inc 401(K) Plan and Trust in Bloomsburg, PA ($3,607).
beat Ki USA Corporation 401k Plan in Berea, KY ($6,453), Cubex LLC 401(K) Plan in Phoenix, AZ ($6,518), Peterbilt of Atlanta 401(K) Retirement Savings Plan in Jackson, GA ($8,800), and Transaxle Manufacturing of America Retirement Plan in Rock Hill, SC ($9,088), and 62 others, ending with H.A. Motors LLP Retirement Plan and Trust in Jacksonville, FL ($98,352).
beat Ki USA Corporation 401k Plan in Berea, KY ($6,453), Cubex LLC 401(K) Plan in Phoenix, AZ ($6,518), Peterbilt of Atlanta 401(K) Retirement Savings Plan in Jackson, GA ($8,800), and Transaxle Manufacturing of America Retirement Plan in Rock Hill, SC ($9,088), and 62 others, ending with H.A. Motors LLP Retirement Plan and Trust in Jacksonville, FL ($98,352).
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.
- covered by a fidelity bond. A 'yes' value is good. Line 4e from Schedule H. A plan is covered by a fidelity bond only if the plan itself (as opposed to the plan sponsor or administrator) is a named insured under a fidelity bond from an approved surety covering plan officials and that protects the plan from losses due to fraud or dishonesty as described in 29 CFR Part 2580. Generally, every plan official of an employee benefit plan who ‘‘handles’’ funds or other property of such plan must be bonded. Generally, a person shall be deemed to be ‘‘handling’’ funds or other property of a plan, so as to require bonding, whenever his or her duties or activities with respect to given funds are such that there is a risk that such funds could be lost in the event of fraud or dishonesty on the part of such person, acting either alone or in collusion with others. 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.
- a profit-sharing plan. Feature code 2E within Line 8a of Form 5500. 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.