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Benchmarking Ecr Software Corporation 401(K) PSP and Trust in Boone, NC against all plans

 

Ecr Software Corporation 401(K) PSP and Trust in Boone, NC paid the 12th-highest contract administrator fees ($7,844) of the 32 North Carolina plans whose industry group is Other Professional, Scientific, and Technical Services, are self-administered by the plan sponsor, and have 100 to 499 total participants. Those $7,844 compare to an average of $10,964 across the 32 plans.

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Peers

better than Midan Marketing, LLC Employees Savings Trust in Mooresville, NC ($79,510), Global Medical Imaging, LLC 401(K) Profit Sharing Plan & Trust in Concord, NC ($60,367), L & E Research, Inc. 401(K) P/S Plan in Raleigh, NC ($28,869), and Freedom Industries Inc. 401k Profit Sharing Plan in Rocky Mount, NC ($23,132), and 7 others, ending with CRG Corporation 401(K) Plan in High Point, NC ($9,700).

exceeded States Newsroom 401(K) Profit Sharing Plan & Trust in Chapel Hill, NC ($7,812), Tax Management Associates, Inc 401(K) Profit Sharing Plan in Charlotte, NC ($7,551), Accreditation Commission for Health Care, Inc Retirement Plan in Cary, NC ($6,345), and Geo Owl LLC 401(K) Profit Sharing Plan & Trust in Wilmington, NC ($5,822), and 16 others, ending with Costner Law Office, PLLC 401(K) Profit Sharing Plan and Trust in Charlotte, NC ($0).

References

  1. self-administered by the plan sponsor. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. contract administrator fees. Lower values are better. From Line 2i(2), Schedule H. 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) to a contract administrator for performing administrative services for the plan. For purposes of the return/report, a contract administrator is any individual, partnership, or corporation, responsible for managing the clerical operations (e.g., handling membership rosters, claims payments, maintaining books and records) of the plan on a contractual basis. Does not include salaried staff or employees of the plan or banks or insurance carriers. A missing entry from the Schedule H is here assigned a value of $0. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  3. 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  4. in state. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  5. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.