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Benchmarking Presbyterian Health Plan 401(K) Plan in Albuquerque, NM against all plans

 

Presbyterian Health Plan 401(K) Plan in Albuquerque, NM has the 2nd-lowest average account balance ($46,551) of the 68 plans whose industry group is Insurance Carriers. That $46,551 compares to an average of $171,991 across those 68 plans.

Reaching the average of $171,991 would imply an extra $332,790,880 in total assets.

Note: average account balance = total assets ÷ total participants

Presbyterian Health Plan 401(K) Plan has these standings among those 68 plans:

  • average account balance = $46,551 (2nd-lowest)

  • total assets = $123.50M (18th-least)

  • total participants = 2,653 (5th-most)

Visualize

 
 

Peers

Evolent Health 401(K) Plan in Arlington, VA is first with $43,327.

trailed Lumeris 401k Plan in Maryland Heights, MO ($62,175), Diversified Service Options, Inc. dba Guidewell Source 401(K) Savings Plan in Jacksonville, FL ($62,909), Blue Cross Blue Shield of Michigan Represented Employees Savings Plan in Detroit, MI ($64,667), and Woodmenlife 401(K) Plan in Omaha, NE ($67,658), and 62 others, ending with Beacon Mutual Insurance Company 401(K) Plan in Warwick, RI ($481,604).

References

  1. 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.
  2. 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 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.