Benchmarking Velux America LLC 401(K) Retirement Plan in Greenwood, SC against all plans
Velux America LLC 401(K) Retirement Plan in Greenwood, SC has the 4th-most participant loans as a percentage of plan assets (1.75%) among the 17 South Carolina plans. That 1.75% compares to an average of 1.13% across those 17 plans.
Reaching the average of 1.13% would imply a savings of $666,441 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Velux America LLC 401(K) Retirement Plan has these standings among those 17 plans:
Reaching the average of 1.13% would imply a savings of $666,441 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets
Velux America LLC 401(K) Retirement Plan has these standings among those 17 plans:
- participant loans as a percentage of plan assets = 1.75% (4th-most)
- participant loans = $1,886,387 (7th-most)
- total assets = $107.90M (3rd-least)
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Peers
better than Michelin North America, Inc. Wage 401k Savings Plan in Greenville, SC (3.12%), Movement Mortgage 401(K) Plan in Indian Land, SC (3.12%), and Founders Federal Credit Union Defined Contribution Plan in Lancaster, SC (2.33%).
exceeded Sew-Eurodrive, Inc. Profit Sharing/401(K) Retirement Plan in Lyman, SC (1.66%), Afl Telecommunications,LLC SVGS and Incentive Plan in Duncan, SC (1.56%), Fujifilm Manufacturing USA, Inc. 401(K) Retirement Savings Plan in Greenwood, SC (1.54%), and AVX Greenville LLC 401(K) Plan in Fountain Inn, SC (0.82%), and 9 others, ending with Security 401(K) Profit-Sharing and Savings Plan in Spartanburg, SC (0.00%).
exceeded Sew-Eurodrive, Inc. Profit Sharing/401(K) Retirement Plan in Lyman, SC (1.66%), Afl Telecommunications,LLC SVGS and Incentive Plan in Duncan, SC (1.56%), Fujifilm Manufacturing USA, Inc. 401(K) Retirement Savings Plan in Greenwood, SC (1.54%), and AVX Greenville LLC 401(K) Plan in Fountain Inn, SC (0.82%), and 9 others, ending with Security 401(K) Profit-Sharing and Savings Plan in Spartanburg, SC (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.