Discover Financial Services 401k Plan in Riverwoods, IL paid the highest investment advisory and management fees ($2,074,233) of the 13,500 plans with at least -$358,583,687 in net income (Discover Financial Services 401k Plan is at -$319,400,949).
That is, among those 13,500 plans that do well or OK on one measure, Discover Financial Services 401k Plan does least well on a related measure. Those $2,074,233 compare to an average of $14,842 across the 13,500 plans.
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Only Discover Financial Services 401k Plan in Riverwoods, IL is in that area
Discover Financial Services 401k Plan in Riverwoods, IL paid the highest investment advisory and management fees ($2,074,233) of the 13,500 plans with at least -$358,583,687 in net income (Discover Financial Services 401k Plan is at -$319,400,949).
Peers
exceeded Mary Kay Inc. Profit Sharing and 401(K) Plan in Addison, TX ($1,450,024), Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies in Atlanta, GA ($1,137,647), Autonation 401(K) Plan in Fort Lauderdale, FL ($1,118,338), and Sonoco Retirement & Savings Plan in Hartsville, SC ($992,669), and 13,495 others, ending with Crescent River Port Pilots' Association 401(K) Retirement Plan in Metairie, LA (-$66,678).
References
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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 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
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net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. Except where noted, all data come from the 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.