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Benchmarking Forterra Building Products Retirement Savings Plan in Irving, TX against all plans

 

Forterra Building Products Retirement Savings Plan in Irving, TX has the 11th-biggest drop in total assets during the plan year (-28.6%) among the 1,075 plans that are profit-sharing, provide for automatic enrollment, and have 1,000 to 4,999 total participants. That -28.6% compares to an average of -8.4% across those 1,075 plans.

Coming in under the average of -8.4% corresponds to a decrease of $47,623,088 in total assets.

Forterra Building Products Retirement Savings Plan has these standings among those 1,075 peer plans related to total assets:

  • growth in total assets during the plan year = -28.6% (11th-lowest)

  • total assets at beginning of plan year = $235,481,228 (227th-most)

  • total assets = $168,250,240 (429th-most)

  • asset transfers to the plan = $163,377 (173rd-most)

  • asset transfers from the plan = $0 (the least in, tied)

  • cash contributions from participants = $4,217,989 (37th-least)

  • cash contributions from employers = $2,950,216 (234th-least)

  • total contributions = $7,178,532 (40th-least)

  • net income = -$67,394,365 (17th-lowest)

  • net earnings on investments = -$37,992,353 (253rd-lowest)

  • yield on beginning-of-plan-year total assets = -16.13% (356th-highest, tied)

Visualize

 
 

Peers

outdone by Azenta US, Inc. 401(K) Plan in Burlington, MA (-58.2%), Phymed Management, LLC 401(K) Profit Sharing Plan in Nashville, TN (-56.0%), Tate & Lyle Salaried Comprehensive Retirement Plan in Decatur, IL (-54.6%), and Sungard Availability Services U.S. Savings Plan in Wayne, PA (-40.5%), and 6 others, ending with Employer Services Corporation's 401(K) Retirement Plan in Amherst, NY (-29.0%).

outdid Unity 401(K) Pooled Employer Plan in Folsom, CA (-28.3%), Cox Media Group 401(K) Plan in Atlanta, GA (-28.1%), GCP Applied Technologies Inc. Savings & Investment Plan in Cambridge, MA (-28.1%), and Welbilt 401(K) Retirement Plan in New Port Richey, FL (-27.6%), and others, ending with Scan Group 401(K) Plan in Long Beach, CA (3,657%).

References

  1. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. growth in total assets during the plan year. Growth in total assets during the plan year equals the percentage change in total assets at end of plan year (Line 1f(b) from Schedule H) as compared to the total assets at beginning of plan year (Line 1f(a) from Schedule H. To qualify for growth in total assets during the plan year, the number of total assets at beginning of plan year must be at least $50,000. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  3. a profit-sharing plan. Feature code 2E within Line 8a of Form 5500. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  4. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.