Benchmarking Columbia Bank Savings and Investment Plan in Fair Lawn, NJ against all plans
Columbia Bank Savings and Investment Plan in Fair Lawn, NJ has the 4th-least participant loans as a percentage of plan assets (0.21%) among the 120 New Jersey plans. That 0.21% compares to an average of 1.31% across those 120 plans.
Beating the average of 1.31% means a savings of $1,361,762 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Columbia Bank Savings and Investment Plan has these standings among those 120 plans:
Beating the average of 1.31% means a savings of $1,361,762 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Columbia Bank Savings and Investment Plan has these standings among those 120 plans:
- participant loans as a percentage of plan assets = 0.21% (4th-least)
- participant loans = $263,743 (4th-least)
- total assets = $123.60M (42nd-least)
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Peers
beat out by Salary Savings Plan for Employees of Bobst North America in Parsippany, NJ, Opex Corporation 401k Profit Sharing Plan in Moorestown, NJ, and Thanexus, Inc. Retirement Plan in Wall, NJ, all with 0.00%.
beat Stark & Stark Employees' Profit Sharing Plan in Princeton, NJ (0.27%), Agfa Healthcare Corporation Employee Savings Plan in Elmwood Park, NJ (0.35%), NYK Group Americas Inc. Savings Plan in Secaucus, NJ (0.36%), and Onto Innovation, Inc. 401(K) Savings Plan in Budd Lake, NJ (0.38%), and 112 others, ending with Zeus Industrial Products, Inc. 401(K) Plan in Branchburg, NJ (4.45%).
beat Stark & Stark Employees' Profit Sharing Plan in Princeton, NJ (0.27%), Agfa Healthcare Corporation Employee Savings Plan in Elmwood Park, NJ (0.35%), NYK Group Americas Inc. Savings Plan in Secaucus, NJ (0.36%), and Onto Innovation, Inc. 401(K) Savings Plan in Budd Lake, NJ (0.38%), and 112 others, ending with Zeus Industrial Products, Inc. 401(K) Plan in Branchburg, NJ (4.45%).
References
- 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.
- in state. 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.