Plans » Benchmarking Engine
Benchmarking Huntington Coach Corporation 401k Plan in Huntington Station, NY against
ambivalent (1)
Huntington Coach Corporation 401k Plan in Huntington Station, NY has the lowest average account balance ($18,162) of the 33 plans whose economic sector is Transportation and Warehousing and have at most a 0.014% total administrative expense ratio.
That is, among those 33 plans that do well on one measure, Huntington Coach Corporation 401k Plan does least well on a related measure. That $18,162 compares to an average of $85,321 across those 33 plans.
Reaching the average of $85,321 would imply an extra $100,604,456 in total assets.
Note: average account balance = total assets ÷ total participants
Huntington Coach Corporation 401k Plan has these standings among those 33 peer plans:
That is, among those 33 plans that do well on one measure, Huntington Coach Corporation 401k Plan does least well on a related measure. That $18,162 compares to an average of $85,321 across those 33 plans.
Reaching the average of $85,321 would imply an extra $100,604,456 in total assets.
Note: average account balance = total assets ÷ total participants
Huntington Coach Corporation 401k Plan has these standings among those 33 peer plans:
- average account balance = $18,162 (the lowest)
- total assets = $27,206,044 (11th-most)
- total participants = 1,498 (the most)
after Huntington Coach Corporation 401k Plan in Huntington Station, NY ($18,162, 0.014%), closest are Brown Integrated Logistics, Inc. 401(K) Plan in Lithonia, GA ($21,139, 0.004%), H.N.S. Management Company, Inc. 401(K) Savings Plan in Hartford, CT ($31,435, 0.011%), National Retail Systems, Inc. 401(K) Plan in North Bergen, NJ ($39,249, 0.000%), and Footprint Acquisition LLC 401k Plan in Lisle, IL ($40,174, 0.007%), ending with Wheaton Van Lines, Inc. & Subsidiaries 401(K) Plan in Indianapolis, IN ($193,547, 0.007%).
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- 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-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, the number of total assets must be at least $50,000. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
Huntington Coach Corporation 401k Plan in Huntington Station, NY is in New York, its EIN is 110899750, its industry group is School and Employee Bus Transportation, its plan administrator is Maureen Albers, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 485410, has 1,000 to 4,999 total participants, and is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total).
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Numeric values:
- total assets ($27,206,044)
- net assets (assets minus liabilities) ($27.20M)
- total assets at beginning of plan year ($23,300,351)
- value of interest in registered investment companies (e.g., mutual funds) ($19.80M)
- value of funds held in insurance company general account (unallocated contracts) ($6,995,679)
- total income ($5,336,780)
- net income ($3,905,693)
- earnings on investments ($3,110,330)
- net earnings on investments ($3,110,330)
- total contributions ($2,226,283)
- cash contributions from participants ($1,582,145)
- total expenses ($1,431,087)
- cash contributions from employers ($594,815)
- participant loans ($446,454)
- average account balance ($18,162)
- other administrative expenses ($3,725)
- total administrative expenses ($3,725)
- net income per total participant ($2,607)
- average participant cash contribution per active participant ($1,150)
- average employer cash contribution per active participant ($432.30)
- total administrative expense per participant ($2.49)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($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)
- 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)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (91.9%)
- diversity of asset types (20.4%)
- yield on beginning-of-plan-year total assets (13.35%)
- participant loans as a percentage of plan assets (1.64%)
- total administrative expense ratio (0.014%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,376)
- deceased participants whose beneficiaries receive or are entitled to benefits (2)
- living participants (1,496)
- other retired or separated participants entitled to future benefits (114)
- retired or separated participants receiving benefits (6)
- total participants (1,498)
Global References