Benchmarking MP2 Enterprises, LLC 401(K) Profit Sharing Plan and Trust in Hurricane, UT against all plans
MP2 Enterprises, LLC 401(K) Profit Sharing Plan and Trust in Hurricane, UT has the 8th-lowest total administrative expense per participant ($12.53) of the 47 plans whose industry group is Other Professional, Scientific, and Technical Services and provide for automatic enrollment. That $12.53 compares to an average of $119.93 across those 47 plans.
Beating the average of $119.93 means a decrease of $59,712 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
MP2 Enterprises, LLC 401(K) Profit Sharing Plan and Trust has these standings among those 47 peer plans:
Beating the average of $119.93 means a decrease of $59,712 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
MP2 Enterprises, LLC 401(K) Profit Sharing Plan and Trust has these standings among those 47 peer plans:
- total administrative expense per participant = $12.53 (8th-lowest)
- total administrative expenses = $6,968 (23rd-lowest)
- total participants = 556 (3rd-most)
Visualize
Peers
beat out by SK Restaurant Concepts II 401(K) Plan in Los Angeles, CA ($1.28), Adalina 401(K) Plan in Chicago, IL ($4.80), Elite Medical Staffing 401(K) Retirement Savings Plan in Lake Mary, FL ($5.68), and Mail Management Services Inc. 401(K) Plan in Lincoln, NE ($7.24), and 3 others, ending with Independent Community Care Ser 401(K) Profit Sharing Plan & Trust in Livonia, MI ($11.91).
beat Great Lakes Wireless LLC 401(K) Profit Sharing Plan & Trust in Birmingham, MI ($15.27), Tosaf Inc 401(K) Profit Sharing Plan and Trust in Bessemer City, NC ($16.68), Oakland Physicians Medical Cen 401(K) Profit Sharing Plan & Trust in Pontiac, MI ($16.89), and Wildhorse Financial Services LLC 401(K) Profit Sharing Plan and Trust in Austin, TX ($18.15), and others, ending with Ocado Solutions USA 401(K) Plan in McLean, VA ($3,002).
beat Great Lakes Wireless LLC 401(K) Profit Sharing Plan & Trust in Birmingham, MI ($15.27), Tosaf Inc 401(K) Profit Sharing Plan and Trust in Bessemer City, NC ($16.68), Oakland Physicians Medical Cen 401(K) Profit Sharing Plan & Trust in Pontiac, MI ($16.89), and Wildhorse Financial Services LLC 401(K) Profit Sharing Plan and Trust in Austin, TX ($18.15), and others, ending with Ocado Solutions USA 401(K) Plan in McLean, VA ($3,002).
References
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. 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.
- 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, separated participants who are still living, and 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-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.