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Benchmarking Logicalis, Inc. 401(K) Profit Sharing Plan in Bloomfield Hills, MI against all plans

 

Logicalis, Inc. 401(K) Profit Sharing Plan in Bloomfield Hills, MI has the 7th-least participant loans as a percentage of plan assets (0.36%) among the 66 plans within 50 miles. That 0.36% compares to an average of 1.43% across those 66 plans.

Beating the average of 1.43% means a savings of $1,144,714 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Logicalis, Inc. 401(K) Profit Sharing Plan has these standings among those 66 plans:

  • participant loans as a percentage of plan assets = 0.36% (7th-least, tied)

  • participant loans = $380,677 (6th-least)

  • total assets = $106.50M (8th-least)

Visualize

 
 

Peers

beat out by Kelly Retirement Plus in Troy, MI (0.00%), Jaffe, Raitt, Heuer & Weiss, Professional Corporation Retirement Plan in Southfield, MI (0.00%), McNaughton McKay Electric Co. 401(K) & Profit Sharing Plan in Madison Heights, MI (0.00%), and Anesthesia Associates of Ann Arbor PLLC Profit Sharing Plan in Ann Arbor, MI (0.00%), and 2 others, ending with Crain Communications Inc 401(K) Plan in Detroit, MI (0.34%).

tied with Miller, Canfield, Paddock & Stone P.L.C. 401(K) Capital Accumulation Plan in Detroit, MI (0.36%).

beat Altair Salary Reduction Profit Sharing Plan in Troy, MI (0.37%), Harness, Dickey & Pierce 401k Profit Sharing Plan in Troy, MI (0.43%), The Taubman Company and Related Entities Employee Retirement Savings Plan in Bloomfield Hills, MI (0.45%), and Inteva Products, LLC Salaried Employees' Savings and Retirement Plan in Troy, MI (0.53%), and 54 others, ending with Blue Cross Blue Shield of Michigan Represented Employees Savings Plan in Detroit, MI (5.39%).

References

  1. 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.
  2. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.