Powered by OnlyBoth

Benchmarking Groome Holdings, LLC 401(K) Plan in Richmond, VA against all plans

 

Groome Holdings, LLC 401(K) Plan in Richmond, VA has the 5th-lowest total administrative expense per participant ($5.63) of the 40 plans in Richmond, VA. That $5.63 compares to an average of $152.50 across those 40 plans.

Beating the average of $152.50 means a decrease of $29,374 in total administrative expenses.

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

Groome Holdings, LLC 401(K) Plan has these standings among those 40 peer plans:

  • total administrative expense per participant = $5.63 (5th-lowest)

  • total administrative expenses = $1,125 (5th-lowest)

  • total participants = 200 (19th-most, tied)

Visualize

 
 

Peers

beat out by Belle Holdings Employee Retirement Plan in Richmond, VA ($2.14), Bettermed Urgent Care 401(K) Retirement Plan in Richmond, VA ($3.00), Arts & Letters Creative Co. , LLC 401(K) Plan in Richmond, VA ($3.05), and M&E Contractors, Inc. 401(K) Plan in Richmond, VA ($4.11).

beat West Creek 401(K) Plan in Richmond, VA ($7.99), Avertest 401(K) Plan in Richmond, VA ($14.28), Capital Area Health Network 401(K) Profit Sharing Plan and T in Richmond, VA ($15.16), and Virginia Green Lawn Care 401(K) Plan in Richmond, VA ($15.27), and 31 others, ending with Good Neighbor Employee Retirement Plan in Richmond, VA ($1,123).

References

  1. in city. Values were kept only if they occurred at least 20 times. 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. 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.