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Benchmarking Drybar Holdings LLC 401(K) Plan in Irvine, CA against all plans

 

Drybar Holdings LLC 401(K) Plan in Irvine, CA has the 7th-lowest total administrative expense per participant ($1.12) of the 181 plans whose industry group is Other Professional, Scientific, and Technical Services. That $1.12 compares to an average of $490.39 across those 181 plans.

Beating the average of $490.39 means a decrease of $1,674,784 in total administrative expenses.

Note: total administrative expense per participant =
total administrative expenses ÷ total participants

Drybar Holdings LLC 401(K) Plan has these standings among those 181 peer plans:

  • total administrative expense per participant = $1.12 (7th-lowest)

  • total administrative expenses = $3,830 (74th-lowest)

  • total participants = 3,423 (the most)

Visualize

 
 

Peers

beat out by Manteca Trailer and Motorhome 401(K) Savings and Retirement in Manteca, CA ($0.00), Ghaben Auto Group 401(K) Plan in Westmont, IL ($0.00), K2 Solutions, Inc. Employee Stock Ownership and 401(K) Plan in Southern Pines, NC ($0.00), and Vista Springs LLC 401(K) Profit Sharing Plan & Trust in Lowell, MI ($0.21), and 2 others, ending with Rem 401(K) in Forest Park, IL ($0.71).

beat SK Restaurant Concepts II 401(K) Plan in Los Angeles, CA ($1.28), Verveba Telecom, LLC 401(K) Plan in Richardson, TX ($1.74), Green Industrial Services LLC 401(K) Profit Sharing Plan & Trust in Tell City, IN ($2.67), and L5 Fitness Holdings LLC 401(K) Profit Sharing Plan & Trust in Birmingham, MI ($2.73), and others, ending with Corporate Visions, Inc. 401(K) Plan in Reno, NV ($69,981).

References

  1. 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.
  2. 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.