Benchmarking Steel Technologies LLC Retirement Savings Plan in Louisville, KY against all plans
Steel Technologies LLC Retirement Savings Plan in Louisville, KY has the 12th-highest average account balance ($100,505) of the 38 plans in the Southeast that are a profit-sharing plan, self-administered by the plan sponsor, not collectively-bargained, provide for automatic enrollment, whose economic sector is Manufacturing, and have 1,000 to 4,999 total participants. That $100,505 compares to an average of $86,709 across those 38 plans.
Beating the average of $86,709 means an extra $19,120,748 in total assets.
Note: average account balance = total assets ÷ total participants
Steel Technologies LLC Retirement Savings Plan has these standings among those 38 plans:
Beating the average of $86,709 means an extra $19,120,748 in total assets.
Note: average account balance = total assets ÷ total participants
Steel Technologies LLC Retirement Savings Plan has these standings among those 38 plans:
- average account balance = $100,505 (12th-highest)
- total assets = $139.30M (14th-least)
- total participants = 1,386 (7th-fewest, tied)
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Peers
beat out by Hamilton Beach Brands, Inc. Employees' Retirement Savings Plan (401(K)) in Glenn Allen, VA ($173,954), Bacardi U. S. A. , Inc. & Affiliates 401k Savings and DC Retirement Plan in Coral Gables, FL ($156,384), Ofs Non-Represented 401(K) Plan in Norcross, GA ($152,514), and North American Stainless Savings Plan in Ghent, KY ($145,992), and 7 others, ending with Hoerbiger US Retirement Plan in Deerfield Beach, FL ($102,571).
beat Pro Mach, Inc. Retirement Savings Plan in Covington, KY ($95,340), Alltech Savings & Retirement Plan in Nicholasville, KY ($94,850), Interface, Inc. Savings and Investment Plan in Atlanta, GA ($91,963), and Klockner-Pentaplast of America, Inc. Employees' Retirement Plan in Gordonville, VA ($89,777), and 22 others, ending with The Refresco USA 401(K)Savings & Retirement Plan in Tampa, FL ($37,009).
beat Pro Mach, Inc. Retirement Savings Plan in Covington, KY ($95,340), Alltech Savings & Retirement Plan in Nicholasville, KY ($94,850), Interface, Inc. Savings and Investment Plan in Atlanta, GA ($91,963), and Klockner-Pentaplast of America, Inc. Employees' Retirement Plan in Gordonville, VA ($89,777), and 22 others, ending with The Refresco USA 401(K)Savings & Retirement Plan in Tampa, FL ($37,009).
References
- self-administered by the plan sponsor. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in 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 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f of Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- collectively-bargained. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- whose economic sector is. The economic sector is the first two 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-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- a profit-sharing plan. Feature code 2E within Line 8a of Form 5500. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- 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-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.