Benchmarking Maci Associates 401(K) Savings Plan in Parma, MI against all plans
Maci Associates 401(K) Savings Plan in Parma, MI has the 10th-most participant loans as a percentage of plan assets (2.10%) among the 62 plans in the Great Lakes area that are not self-administered by the plan sponsor. That 2.10% compares to an average of 1.32% across those 62 plans.
Reaching the average of 1.32% would imply a savings of $1,207,221 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Maci Associates 401(K) Savings Plan has these standings among those 62 plans:
Reaching the average of 1.32% would imply a savings of $1,207,221 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Maci Associates 401(K) Savings Plan has these standings among those 62 plans:
- participant loans as a percentage of plan assets = 2.10% (10th-most)
- participant loans = $3,257,670 (14th-most)
- total assets = $154.90M (30th-least)
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Peers
better than Blue Cross Blue Shield of Michigan Represented Employees Savings Plan in Detroit, MI (5.39%), Pre-Tax Savings Plan (Texarkana) in Findlay, OH (4.07%), Fortune Brands Home & Security Hourly Employee Retirement Savings Plan in Deerfield, IL (3.71%), and Continental Micronesia, Inc. 401(K) Savings Plan in Chicago, IL (3.00%), and 5 others, ending with Abbott Laboratories Stock Retirement Plan (Puerto Rico) in Abbott Park, IL (2.14%).
exceeded International Uaw Staff Severance Plan in Detroit, MI (2.04%), Sensient Technologies Corporation Savings Plan in Milwaukee, WI (2.02%), Savings Plan for Hourly Employees of Empire Iron M Tilden Mining Company, L.C. and The Cleveland-Clif in Cleveland, OH (1.97%), and Keihin North America, Inc. Savings & Retirement Plan in Anderson, IN (1.96%), and 48 others, ending with Cefcu Deferred Compensation Plan and Trust in Peoria, IL (0.00%).
exceeded International Uaw Staff Severance Plan in Detroit, MI (2.04%), Sensient Technologies Corporation Savings Plan in Milwaukee, WI (2.02%), Savings Plan for Hourly Employees of Empire Iron M Tilden Mining Company, L.C. and The Cleveland-Clif in Cleveland, OH (1.97%), and Keihin North America, Inc. Savings & Retirement Plan in Anderson, IN (1.96%), and 48 others, ending with Cefcu Deferred Compensation Plan and Trust in Peoria, IL (0.00%).
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.
- 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 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.