Benchmarking Team Staffing 401(K) Plan in Muscatine, IA against all plans
Team Staffing 401(K) Plan in Muscatine, IA has the 10th-highest total administrative expense per participant ($63.97) of the 96 plans whose industry group is Employment Services. That $63.97 compares to an average of $36.41 across those 96 plans.
Reaching the average of $36.41 would imply a decrease of $5,319 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Team Staffing 401(K) Plan has these standings among those 96 peer plans:
Reaching the average of $36.41 would imply a decrease of $5,319 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Team Staffing 401(K) Plan has these standings among those 96 peer plans:
- total administrative expense per participant = $63.97 (10th-highest)
- total administrative expenses = $12,346 (12th-highest)
- total participants = 193 (35th-fewest, tied)
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Peers
better than Update, Inc. 401(K) Savings and Retirement Plan in New York, NY ($945.23), Prime Staffing LLC Retirement Plan in New York, NY ($203.08), Golden Circle Temporary Services, Inc. 401(K) Profit Sha in Jackson, TN ($175.72), and Staffing Network Holdings, LLC 401(K) Plan in Oakbrook Terrace, IL ($109.60), and 5 others, ending with HP Workforce Solutions, LLC 401(K) Plan in Hoover, AL ($66.51).
exceeded Fleet Driver Service, Inc. 401(K) Plan in Russellville, AL ($62.81), National Sourcing Inc 401(K) Profit Sharing Plan & Trust in Tampa, FL ($61.79), Renoir's Retirement Savings Plan in Folsom, CA ($53.93), and SRG 401(K) Plan in Tampa, FL ($48.57), and others, ending with Slingshot Connections 401(K) Plan in San Jose, CA ($0.00).
exceeded Fleet Driver Service, Inc. 401(K) Plan in Russellville, AL ($62.81), National Sourcing Inc 401(K) Profit Sharing Plan & Trust in Tampa, FL ($61.79), Renoir's Retirement Savings Plan in Folsom, CA ($53.93), and SRG 401(K) Plan in Tampa, FL ($48.57), and others, ending with Slingshot Connections 401(K) Plan in San Jose, CA ($0.00).
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.
- 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.