Benchmarking Norbord USA 401(K) & Profit Sharing Plan in Lanett, AL against all plans
Norbord USA 401(K) & Profit Sharing Plan in Lanett, AL has the 4th-most participant loans as a percentage of plan assets (2.81%) among the 26 Alabama plans. That 2.81% compares to an average of 1.34% across those 26 plans.
Reaching the average of 1.34% would imply a savings of $1,770,538 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Norbord USA 401(K) & Profit Sharing Plan has these standings among those 26 plans:
Reaching the average of 1.34% would imply a savings of $1,770,538 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Norbord USA 401(K) & Profit Sharing Plan has these standings among those 26 plans:
- participant loans as a percentage of plan assets = 2.81% (4th-most)
- participant loans = $3,379,221 (5th-most)
- total assets = $120.30M (8th-least)
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Peers
better than Hyundai Motor Manufacturing Alabama, LLC 401(K) Plan in Montgomery, AL (6.27%), Am/NS Calvert LLC 401k Plan in Calvert, AL (4.13%), and CMG Hourly 401(K) Plan in Birmingham, AL (3.37%).
exceeded Buffalo Rock Co. 401(K) Retirement Plan in Birmingham, AL (2.32%), Neptune Technology Group Inc Retirement Savings & Investment Plan in Tallassee, AL (1.97%), Savings and Profit Sharing Plan and Trust Agreement of Alfa Mutual Insurance Company in Montgomery, AL (1.73%), and Thompson Tractor Co., Inc. Profit Sharing Plan and Trust Agreement in Birmingham, AL (1.61%), and 18 others, ending with Hargrove 401(K) Plan and Trust in Mobile, AL (0.00%).
exceeded Buffalo Rock Co. 401(K) Retirement Plan in Birmingham, AL (2.32%), Neptune Technology Group Inc Retirement Savings & Investment Plan in Tallassee, AL (1.97%), Savings and Profit Sharing Plan and Trust Agreement of Alfa Mutual Insurance Company in Montgomery, AL (1.73%), and Thompson Tractor Co., Inc. Profit Sharing Plan and Trust Agreement in Birmingham, AL (1.61%), and 18 others, ending with Hargrove 401(K) Plan and Trust in Mobile, AL (0.00%).
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.