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Benchmarking Our Retirement Plan in Rockville, MD against all plans

 

Our Retirement Plan in Rockville, MD has the 7th-highest total administrative expense ratio (1.161%) among the 381 plans whose industry group is Architectural, Engineering, and Related Services. That 1.161% compares to an average of 0.580% across those 381 plans.

Reaching the average of 0.580% would imply a savings of $37,825 in total administrative expenses.

Note: total administrative expense ratio =
(100 * total administrative expenses) ÷ total assets

Our Retirement Plan has these standings among those 381 peer plans:

  • total administrative expense ratio = 1.161% (7th-highest)

  • total administrative expenses = $76,019 (106th-highest)

  • total assets = $6,549,876 (43rd-least)

Visualize

 
 

Peers

better than Depcom Power 401(K) Plan in Scottsdale, AZ (91.454%), BMT Designers and Planners, Inc. 401(K) Tax Deferral and Savings Plan in Wantagh, NY (25.521%), Allied Landscape Services, Inc. 401(K) Profit Sharing Plan & Trust in Livermore, CA (1.673%), and Mosaic Building Group 401(K) Plan in Phoenix, AZ (1.470%), and 2 others, ending with Strand Systems Engineering, Inc. 401k Plan in Dallas, TX (1.310%).

exceeded Kirkland Shared Services, LLC 401(K) Profit Sharing Plan in Kirkland, WA (1.109%), Polaris Laboratories, LLC 401(K) Plan in Indianapolis, IN (1.104%), Saexploration 401(K) Plan in Stafford, TX (1.098%), and Pulsar Operational Boundary, Inc. 401(K) Plan in Duluth, MN (1.000%), and 370 others, ending with N-Ask, Inc. 401(K) Plan in Fairfax, VA (-0.110%).

References

  1. 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 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 ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, 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.