Benchmarking Logicalis, Inc. 401(K) Profit Sharing Plan in Bloomfield Hills, MI against all plans
Of the 304 plans whose economic sector is Professional, Scientific, and Technical Services and have at most 987 total participants, Logicalis, Inc. 401(K) Profit Sharing Plan in Bloomfield Hills, MI is one of just 8 that are worse than the overall participant averages in each of average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total).
Logicalis, Inc. 401(K) Profit Sharing Plan has these nationwide comparisons, plus standings among those 304 plans:
Logicalis, Inc. 401(K) Profit Sharing Plan has these nationwide comparisons, plus standings among those 304 plans:
- net income per active participant = $10,021 (11th-lowest)
the nationwide average is -$21,240 - average account balance = $107,903 (2nd-lowest)
the nationwide average is $143,185 - average participant cash contribution per active participant = $8,224 (41st-lowest)
the nationwide average is $16,887 - average employer cash contribution per active participant = $1,690 (15th-lowest)
the nationwide average is $9,672 - total administrative expense per participant = $145.67 (143rd-lowest)
the nationwide average is $121.15
Visualize
Peers
Logicalis, Inc. 401(K) Profit Sharing Plan in Bloomfield Hills, MI (987), with Franklin Covey Co. 401(K) Plan in Salt Lake City, UT (957), Whitman, Requardt & Associates, LLP 401(K) Plan in Baltimore, MD (907), Zimmer Gunsul Frasca Architects LLP 401(K) Savings Plan in Portland, OR (902), and Ihi Group 401(K) Profit Sharing Plan in New York, NY (893), and 3 others, ending with Asahi Kasei 401(K) Retirement Plan in New York, NY (772).
References
- 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.
- total participants. Sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits. 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.
- are worse than the overall participant averages in. Smaller sets are better. (1) The average nationwide value of net income per active participant is -$21,240, so worse is below that. Average net income per active participant equals net income, Line 2k from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (2) The average nationwide value of average account balance is $143,185, so worse is below that. Average account balance equals total assets, in Line 1f of Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $16,887, so worse is below that. 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. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $9,672, so worse is below that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $121.15, so worse is above that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by the sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. 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.