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Benchmarking Powell Industries, Inc. Employees Incentive Savings Plan in Houston, TX against all plans

 

Powell Industries, Inc. Employees Incentive Savings Plan in Houston, TX has the 9th-most participant loans as a percentage of plan assets (2.88%) among the 81 plans within 50 miles. That 2.88% compares to an average of 1.71% across those 81 plans.

Reaching the average of 1.71% would imply a savings of $2,523,237 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Powell Industries, Inc. Employees Incentive Savings Plan has these standings among those 81 plans:

  • participant loans as a percentage of plan assets = 2.88% (9th-most, tied)

  • participant loans = $6,188,969 (6th-most)

  • total assets = $214.80M (7th-most)

Visualize

 
 

Peers

better than Fiesta Mart, L.L.C. 401(K) Retirement and Savings Plan in Houston, TX (5.05%), Hydrochempsc 401k Plan in Deer Park, TX (4.78%), Genesis Energy, LLC Profit Sharing & Retirement Savings Plan in Houston, TX (4.40%), and Oil States International, Inc. Retirement Plan in Houston, TX (3.66%), and 4 others, ending with Kuraray America, Inc. Retirement Savings Plan in Pasadena, TX (3.06%).

tied with Tenaris 401(K) Savings Plan in Houston, TX (2.88%).

exceeded Hush 401(K) Retirement Savings Plan in Houston, TX (2.80%), Fieldwood Energy 401(K) Plan in Houston, TX (2.77%), Sports, Hospitality and Entertainment 401(K) Plan in Houston, TX (2.74%), and Mattress Firm, Inc. 401(K) Plan in Houston, TX (2.72%), and 67 others, ending with Schlumberger Savings and Profit Sharing Plan for U.S. Taxpayers Employed Abroad in Houston, TX (0.00%).

References

  1. participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) of Schedule H, divided by total assets, Line 1f of Schedule H, multiplied by 100. A high value may indicate excessive borrowing from participants' retirement accounts. 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.
  2. 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 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.