Benchmarking Traffic & Lighting Systems LLC Savings Incentive Plan in Oklahoma City, OK against all plans
Traffic & Lighting Systems LLC Savings Incentive Plan in Oklahoma City, OK has the highest total administrative expense per participant ($530.00) of the 2,282 plans with at most a 1.355% total administrative expense ratio (Traffic & Lighting Systems LLC Savings Incentive Plan is at 1.346%).
That is, among those 2,282 plans that do well on one measure, Traffic & Lighting Systems LLC Savings Incentive Plan does least well on a related measure. That $530.00 compares to an average of $14.31 across those 2,282 plans.
Reaching the average of $14.31 would imply a decrease of $7,735 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses รท total participants
Traffic & Lighting Systems LLC Savings Incentive Plan has these standings among those 2,282 peer plans:
That is, among those 2,282 plans that do well on one measure, Traffic & Lighting Systems LLC Savings Incentive Plan does least well on a related measure. That $530.00 compares to an average of $14.31 across those 2,282 plans.
Reaching the average of $14.31 would imply a decrease of $7,735 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses รท total participants
Traffic & Lighting Systems LLC Savings Incentive Plan has these standings among those 2,282 peer plans:
- total administrative expense per participant = $530.00 (the highest)
- total administrative expenses = $7,950 (190th-highest)
- total participants = 15 (12th-fewest)
Visualize
Peers
exceeded D. M. Dickason Staff Leasing Company 401(K) Plan in El Paso, TX ($480.00), Lakeside Medical Center, Inc. 401(K) Profit Sharing Plan in Pine City, MN ($372.64), Professional Tutors of America 401(K) Profit Sharing Plan & Trust in Brea, CA ($344.62), and Angel Brothers Enterprises, Ltd 401k Plan in Baytown, TX ($324.63), and others, ending with LYNN Practices 401(K) Plan in San Antonio, TX (-$10,754).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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.
- total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, 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.