Benchmarking BSM Facility Services Group 401(K) Plan in Concord, CA against all plans
BSM Facility Services Group 401(K) Plan in Concord, CA paid the highest investment advisory and management fees ($163) of the 21 plans whose industry group is Services to Buildings and Dwellings and have at most $813 in total administrative expenses.
That is, among those 21 plans that do well on one measure, BSM Facility Services Group 401(K) Plan does least well on a related measure. Those $163 compare to an average of $9.40 across the 21 plans.
That is, among those 21 plans that do well on one measure, BSM Facility Services Group 401(K) Plan does least well on a related measure. Those $163 compare to an average of $9.40 across the 21 plans.
Visualize
Peers
after BSM Facility Services Group 401(K) Plan in Concord, CA ($163, $813), closest are All Rite Leasing Company Inc 401(K) Plan in Costa Mesa, CA ($35, $35), Harvest Landscape Enterprises, Inc. 401(K) Plan in Anaheim, CA ($0, $812), Precision Service Group Inc in Ferndale, MI ($0, $771), and Pwi 401(K) Retirement Savings Plan in Columbus, GA ($0, $686), ending with Blue Landscape and Outdoor Solutions Group 401(K) Plan in Naples, FL ($0, $0).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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.
- 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.
- 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.