Benchmarking Faro Services, Inc. dba Faro Logistics Solutions, Inc. 401(K) PS Plan in Groveport, OH against all plans
Faro Services, Inc. dba Faro Logistics Solutions, Inc. 401(K) PS Plan in Groveport, OH has the 10th-lowest total administrative expense per participant ($1.53) of the 394 plans whose industry group is General Freight Trucking. That $1.53 compares to an average of $122.80 across those 394 plans.
Beating the average of $122.80 means a decrease of $47,296 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Faro Services, Inc. dba Faro Logistics Solutions, Inc. 401(K) PS Plan has these standings among those 394 peer plans:
Beating the average of $122.80 means a decrease of $47,296 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Faro Services, Inc. dba Faro Logistics Solutions, Inc. 401(K) PS Plan has these standings among those 394 peer plans:
- total administrative expense per participant = $1.53 (10th-lowest)
- total administrative expenses = $597 (14th-lowest)
- total participants = 390 (57th-most)
Visualize
Peers
beat out by Trans-Phos, Inc. Retirement Savings Plan in Bartow, FL ($0.00), Roger Bettis Trucking, Inc. 401(K) Plan in Malvern, OH ($0.00), Palmetto State Transportation LLC 401(K) Plan in Greenville, SC ($0.00), and Oclic Corporation 401(K) Plan in Lafargeville, NY ($0.00), and 5 others, ending with Standard Forwarding LLC Union Employees 401(K) Savings Plan in East Moline, IL ($0.91).
beat Gully ICX 401(K) Plan in Quincy, IL ($2.04), Daybreak Express, Inc. 401(K) Profit Sharing Plan in Newark, NJ ($2.28), Evergreen Transport LLC 401k Plan and Trust in Evergreen, AL ($3.09), and Cord Moving and Storage Company 401(K) Plan in Earth City, MO ($3.11), and 380 others, ending with Palletized Trucking, Inc. 401k & Profit Sharing Plan in Houston, TX ($587.83).
beat Gully ICX 401(K) Plan in Quincy, IL ($2.04), Daybreak Express, Inc. 401(K) Profit Sharing Plan in Newark, NJ ($2.28), Evergreen Transport LLC 401k Plan and Trust in Evergreen, AL ($3.09), and Cord Moving and Storage Company 401(K) Plan in Earth City, MO ($3.11), and 380 others, ending with Palletized Trucking, Inc. 401k & Profit Sharing Plan in Houston, TX ($587.83).
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.