Benchmarking Butler Hospitality in Voorhees, NJ against all plans
Butler Hospitality in Voorhees, NJ has the highest other administrative expenses ($32,267) of the 2,487 plans with at least -$28,257 in net income (Butler Hospitality is at -$7,286).
That is, among those 2,487 plans that do well on one measure, Butler Hospitality does least well on a related measure. Those $32,267 compare to an average of $944.70 across the 2,487 plans.
That is, among those 2,487 plans that do well on one measure, Butler Hospitality does least well on a related measure. Those $32,267 compare to an average of $944.70 across the 2,487 plans.
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Peers
exceeded Blue Link Wireless, LLC 401(K) Plan in Birmingham, MI ($30,685), Golden Touch Home Health Retirement Plan in New York, NY ($25,458), AIKG, LLC 401(K) Retirement Plan in Marietta, GA ($23,775), and Pearl Hospitality 401(K) Profit Sharing Plan in Houston, TX ($23,517), and 2,482 others, ending with St. Croix Chippewa Indians of Wisconsin Enterprise 401(K) Plan in Webster, WI (-$1,336).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. 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.
- other administrative expenses. Lower values are better. From Line 2i(4), Schedule H. Other expenses are those that cannot be included in 2i(1) through 2i(3). These may include plan expenditures such as salaries and other compensation and allowances (e.g., payment of premiums to provide health insurance benefits to plan employees), expenses for office supplies and equipment, cars, telephone, postage, rent, expenses associated with the ownership of a building used in the operation of the plan, and all miscellaneous expenses. Includes premium payments to the PBGC when paid from plan assets. 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.