Benchmarking Central Textiles, Inc. Salary Reduction Plan in Central, SC against all plans
Central Textiles, Inc. Salary Reduction Plan in Central, SC paid the 9th-highest contract administrator fees ($11,295) of the 37 plans whose industry group is Textile Mills. Those $11,295 compare to an average of $6,639 across the 37 plans.
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better than Bekaertdeslee USA, Inc. 401(K) Retirement Plan in Wilson Salem, NC ($55,883), Jones Companies Retirement Plan in Humboldt, TN ($33,713), National Spinning Co., Inc. 401(K) Plan in Washington, NC ($26,636), and Martex Fiber Southern Corp. 401(K) Plan in Spartanburg, SC ($25,126), and 4 others, ending with McMichael Mills, Inc. 401(K) Savings Plan in Madison, NC ($12,749).
exceeded Lofted Products LLC 401(K) Plan in Michigan City, IN ($10,552), Murdock Webbing Company, Inc. Employee Savings & Security Plan in Central Falls, RI ($5,322), Propex Furnishing Solutions 401(K) Plan in Hazlehurst, GA ($4,140), and Winfab 401(K) Plan in Nashville, GA ($3,918), and 24 others, ending with HSG 401(K) Retirement Plan in Swansboro, NC ($0).
exceeded Lofted Products LLC 401(K) Plan in Michigan City, IN ($10,552), Murdock Webbing Company, Inc. Employee Savings & Security Plan in Central Falls, RI ($5,322), Propex Furnishing Solutions 401(K) Plan in Hazlehurst, GA ($4,140), and Winfab 401(K) Plan in Nashville, GA ($3,918), and 24 others, ending with HSG 401(K) Retirement Plan in Swansboro, NC ($0).
References
- 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.
- 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.