Benchmarking Ellucian Retirement Plan in Reston, VA against all plans
Ellucian Retirement Plan in Reston, VA has the 12th-highest total administrative expense per participant ($119.10) of the 58 plans whose industry group is Computer Systems Design and Related Services. That $119.10 compares to an average of $73.70 across those 58 plans.
Reaching the average of $73.70 would imply a decrease of $147,989 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Ellucian Retirement Plan has these standings among those 58 peer plans:
Reaching the average of $73.70 would imply a decrease of $147,989 in total administrative expenses.
Note: total administrative expense per participant =
total administrative expenses ÷ total participants
Ellucian Retirement Plan has these standings among those 58 peer plans:
- total administrative expense per participant = $119.10 (12th-highest)
- total administrative expenses = $388,258 (15th-highest)
- total participants = 3,260 (27th-fewest)
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Peers
better than Efi 401(K) Savings Plan in Fremont, CA ($295.61), Veritas 401(K) Plan in Santa Clara, CA ($243.84), Blackbaud Retirement Savings Plan in Charleston, SC ($239.48), and Quest Software Inc. 401(K) Plan in Aliso Viejo, CA ($189.01), and 7 others, ending with Open Text, Inc. 401(K) Plan in San Mateo, CA ($128.69).
exceeded LYFT 401(K) Plan in San Francisco, CA ($113.99), Biotronik/Micro Systems Engineering 401(K) Plan in Lake Oswego, OR ($113.35), Presidio LLC 401(K) Plan in Reston, VA ($111.20), and The Western Union Company Incentive Savings Plan in Denver, CO ($108.59), and 42 others, ending with Sierra-Cedar Companies, LLC 401(K) Plan in Alpharetta, GA (-$261.27).
exceeded LYFT 401(K) Plan in San Francisco, CA ($113.99), Biotronik/Micro Systems Engineering 401(K) Plan in Lake Oswego, OR ($113.35), Presidio LLC 401(K) Plan in Reston, VA ($111.20), and The Western Union Company Incentive Savings Plan in Denver, CO ($108.59), and 42 others, ending with Sierra-Cedar Companies, LLC 401(K) Plan in Alpharetta, GA (-$261.27).
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-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.
- 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.