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Benchmarking Xerox Corporation Savings Plan in Norwalk, CT against all plans

 

Xerox Corporation Savings Plan in Norwalk, CT has the 7th-lowest total administrative expense per participant ($11.56) of the 57 New England plans. That $11.56 compares to an average of $61.57 across those 57 plans.

Beating the average of $61.57 means a decrease of $1,146,471 in total administrative expenses.

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

Xerox Corporation Savings Plan has these standings among those 57 peer plans:

  • total administrative expense per participant = $11.56 (7th-lowest)

  • total administrative expenses = $265,000 (9th-lowest)

  • total participants = 22,927 (22nd-most)

Visualize

 
 

Peers

beat out by Biogen 401(K) Savings Plan in Cambridge, MA (-$171.37), FM Global 401(K) Savings Plan in Johnston, RI (-$104.77), The Investment-Incentive Plan for John Hancock Employees in Boston, MA ($0.00), and Boehringer Ingelheim USA Corporation & Its Affiliates Retirement Savings Plan in Ridgefield, CT ($0.00), and 2 others, ending with XL America, Inc. Employee Savings Plan in Stamford, CT ($2.46).

beat GE Retirement Savings Plan in Norwalk, CT ($13.58), Beth Israel Deaconess Medical Center 401(K) Savings and Investment Plan in Boston, MA ($16.77), Wellington Retirement and Pension Plan in Boston, MA ($19.37), and TD 401(K) Retirement Plan in Falmouth, ME ($23.10), and 46 others, ending with Employee Savings and Stock Ownership Plan of General Re Corp and Its Domestic Subsidiaries in Stamford, CT ($279.68).

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-July-2024 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, separated participants who are still living, and 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.