Benchmarking County Fair Food Store 401(K) Plan in Mitchell, SD against all plans
In South Dakota with its 79 plans, County Fair Food Store 401(K) Plan in Mitchell, SD paid the highest investment advisory and management fees ($2,132) of the 22 plans (from those 79) with at most $12,688 in total administrative expenses (County Fair Food Store 401(K) Plan is at $9,327).
That is, among those 22 plans that do well on one measure, County Fair Food Store 401(K) Plan does least well on a related measure. Those $2,132 compare to an average of $191.20 across the 22 plans.
That is, among those 22 plans that do well on one measure, County Fair Food Store 401(K) Plan does least well on a related measure. Those $2,132 compare to an average of $191.20 across the 22 plans.
Visualize
Peers
exceeded Morris, Inc. 401(K) Profit Sharing Plan in Pierre, SD ($2,075), Sonstegard Foods 401(K) Plan in Sioux Falls, SD ($0), Masaba, Inc. 401(K) Retirement Plan in Vermillion, SD ($0), and Legend Seeds, Inc. 401(K) Plan in De Smet, SD ($0), and 17 others, ending with Grand River Casino 401(K) Plan in Mobridge, SD ($0).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- investment advisory and management fees. Lower values are better. From Line 2i(3), 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 an individual, partnership or corporation (or other person) for advice to the plan relating to its investment portfolio. These may include fees paid to manage the plan’s investments, fees for specific advice on a particular investment, and fees for the evaluation for the plan’s investment performance. 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.
- 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.
- 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-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.