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Benchmarking Spectrum Science Communications, Inc. 401(K) Profit Sharing Plan in Washington, DC against all plans

 

Spectrum Science Communications, Inc. 401(K) Profit Sharing Plan in Washington, DC has the 12th-lowest total administrative expense per participant ($11.97) of the 203 plans within 50 miles that provide for automatic enrollment. That $11.97 compares to an average of $199.95 across those 203 plans.

Beating the average of $199.95 means a decrease of $65,040 in total administrative expenses.

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

Spectrum Science Communications, Inc. 401(K) Profit Sharing Plan has these standings among those 203 peer plans:

  • total administrative expense per participant = $11.97 (12th-lowest)

  • total administrative expenses = $4,140 (15th-lowest)

  • total participants = 346 (84th-most)

Visualize

 
 

Peers

beat out by Centrus Savings Program in Bethesda, MD (-$57.90), McDonough Bolyard Peck, Inc. Profit Sharing 401(K) Plan and Trust in Fairfax, VA (-$44.47), T. Rowe Price U.S. Retirement Program in Owings Mills, MD (-$2.43), and Box N Save of MD Inc. 401k Plan in Baltimore, MD ($0.00), and 7 others, ending with Government Executive Media Group 401(K) Plan in Washington, DC ($10.29).

beat Ancile Solutions, Inc. 401(K) Plan in Elkridge, MD ($12.75), Curbio Inc. 401(K) Plan in Potomac, MD ($14.95), Global Resource Solutions Inc. 401k Plan in Fairfax, VA ($15.23), and Engage LLC 401(K) Plan in Frederick, MD ($16.37), and 187 others, ending with Ocado Solutions USA 401(K) Plan in McLean, VA ($3,002).

References

  1. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. 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.
  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 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.
  3. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.