Plans » Benchmarking Engine
Benchmarking Canadian Solar (USA) 401(K) Plan in Walnut Creek, CA against
good (8)
neutral (7)
Canadian Solar (USA) 401(K) Plan in Walnut Creek, CA has the 3rd-highest average employer cash contribution per active participant ($6,827) of the 77 plans whose industry group is Semiconductor and Other Electronic Component Manufacturing. That $6,827 compares to an average of $2,364 across those 77 plans.
Beating the average of $2,364 means an extra $879,040 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants at the end of the plan year
Canadian Solar (USA) 401(K) Plan has these standings among those 77 plans:
Beating the average of $2,364 means an extra $879,040 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants at the end of the plan year
Canadian Solar (USA) 401(K) Plan has these standings among those 77 plans:
- average employer cash contribution per active participant = $6,827 (3rd-highest)
- cash contributions from employers = $1,344,848 (3rd-most)
- active participants at the end of the plan year = 197 (34th-fewest)
- average employer cash contribution per active participant. Higher values are better. 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. 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.
- whose industry group is. The industry group is the first four 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.
Canadian Solar (USA) 401(K) Plan in Walnut Creek, CA is in Walnut Creek, CA, is in the Western states, its EIN is 651307697, its industry group is Semiconductor and Other Electronic Component Manufacturing, its plan administrator is Alona Guzman, a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, has total assets of $10M to $50M, has 100 to 499 total participants, and is better than the overall participant averages in each of net income per active participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (these 5 include the entire set).
Global References
Numeric values:
- total assets ($27.90M)
- net assets (assets minus liabilities) ($27.90M)
- value of interest in registered investment companies (e.g., mutual funds) ($25.10M)
- total income ($7,656,115)
- net income ($4,678,364)
- total contributions ($3,976,349)
- total expenses ($2,977,751)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($2,610,853)
- cash contributions from participants ($2,250,563)
- cash contributions from employers ($1,344,848)
- participant loans ($151,704)
- average account balance ($79,487)
- net income per active participant ($23,748)
- average participant cash contribution per active participant ($11,424)
- contract administrator fees ($10,777)
- total administrative expenses ($10,777)
- average employer cash contribution per active participant ($6,827)
- total administrative expense per participant ($30.70)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- percentage of active participants at the end of the plan year (56.1%)
- diversity of asset types (10.8%)
- participant loans as a percentage of plan assets (0.54%)
- total administrative expense ratio (0.039%)
- employer securities as a percentage of plan assets (0.00%)
- active participants at the end of the plan year (197)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (351)
- other retired or separated participants entitled to future benefits (154)
- retired or separated participants receiving benefits (0)
- total participants (351)
Global References