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Benchmarking Mutual of Omaha 401k Long-Term Savings Plan in Omaha, NE against all plans

 

Mutual of Omaha 401k Long-Term Savings Plan in Omaha, NE has the 5th-lowest total administrative expense per participant ($2.06) of the 187 Plains plans. That $2.06 compares to an average of $92.40 across those 187 plans.

Beating the average of $92.40 means a decrease of $216,182 in total administrative expenses.

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

Mutual of Omaha 401k Long-Term Savings Plan has these standings among those 187 peer plans:

  • total administrative expense per participant = $2.06 (5th-lowest)

  • total administrative expenses = $4,925 (5th-lowest)

  • total participants = 2,393 (45th-fewest)

Visualize

 
 

Peers

beat out by Hbi 401(K) Retirement Savings Plan in St. Paul, MN (-$66.13), Taylor Companies 401(K) and Profit Sharing Plans in North Mankato, MN ($0.00), Robins Kaplan LLP Profit Sharing & Savings Plan in Minneapolis, MN ($0.00), and Aci Worldwide Corp 401(K) Plan in Elkhorn, NE ($0.00).

beat The Luther Holding Company Savings Plus Retirement Plan in St. Louis Park, MN ($3.49), Lee Enterprises, Inc. Employees Retirement Account Plan in Davenport, IA ($4.90), National Indemnity Company Employee Retirement Savings Plan in Omaha, NE ($6.11), and Caleres, Inc. 401(K) Savings Plan in Saint Louis, MO ($6.15), and 178 others, ending with Metropolitan Anesthesia Network Profit Sharing Plan in Plymouth, MN ($473.26).

References

  1. in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). Except where noted, all data come from the 25-October-2023 updates to the year-2021 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, or separated participants who are still living, plus 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-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.