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Benchmarking Husqvarna Retirement Savings 401k Plan in Charlotte, NC against all plans

 

Husqvarna Retirement Savings 401k Plan in Charlotte, NC has the lowest average participant cash contribution per active participant ($752.70) of all the 734 plans whose economic sector is Manufacturing. That $752.70 compares to an average of $42,423 across those 734 plans.

Reaching the average of $42,423 would imply an extra $459,084,128 in participant cash contributions.

Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants at the end of the plan year

Husqvarna Retirement Savings 401k Plan has these standings among those 734 plans:

  • average participant cash contribution per active participant = $752.70 (the lowest)

  • cash contributions from participants = $8,292,101 (197th-most)

  • active participants at the end of the plan year = 11,017 (2nd-most)

Visualize

 
 

Peers

trailed American Bath Group 401(K) Plan in Savannah, TN ($1,142), Butterball LLC Salary & Hourly 401(K) Plan in Garner, NC ($1,164), The Goodyear Tire & Rubber Company Savings Plan for Retail Employees in Akron, OH ($1,173), and Marmon Consolidated Retirement Plan in Chicago, IL ($1,254), and 729 others, ending with Dean Foods Smartchoice Savings Plan in Saddle Brook, NJ ($22,875,396).

References

  1. 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.
  2. average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.