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Benchmarking Waxman Industries, Inc. 401k Retirement Plan in Bedford Heights, OH against
ambivalent (1)
bad (6)
Waxman Industries, Inc. 401k Retirement Plan in Bedford Heights, OH has the 9th-lowest net income ($479,788) of the 125 plans whose industry group is Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers. Those $479,788 compare to an average of $2,596,130 across the 125 plans.
Note: net income = total income - total expenses
Waxman Industries, Inc. 401k Retirement Plan has these standings among those 125 peer plans:
Note: net income = total income - total expenses
Waxman Industries, Inc. 401k Retirement Plan has these standings among those 125 peer plans:
- net income = $479,788 (9th-lowest)
- total income = $2,798,133 (30th-lowest)
- total expenses = $2,318,345 (45th-highest)
- 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-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.
- net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. 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.
Waxman Industries, Inc. 401k Retirement Plan in Bedford Heights, OH is in Ohio, its EIN is 340899894, its industry group is Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers, its plan administrator is Mark Wester, 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 423700, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), is worse than the overall participant averages in each of net income per total participant, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($14,509,905)
- net assets (assets minus liabilities) ($14.50M)
- total assets at beginning of plan year ($14,030,117)
- value of interest in registered investment companies (e.g., mutual funds) ($13.40M)
- total income ($2,798,133)
- total expenses ($2,318,345)
- earnings on investments ($1,660,439)
- net earnings on investments ($1,570,672)
- total contributions ($1,137,694)
- value of funds held in insurance company general account (unallocated contracts) ($1,092,060)
- cash contributions from participants ($661,566)
- net income ($479,788)
- cash contributions from employers ($293,337)
- investment advisory and management fees ($89,767)
- total administrative expenses ($89,767)
- average account balance ($87,939)
- participant loans ($65,995)
- average participant cash contribution per active participant ($5,606)
- net income per total participant ($2,908)
- average employer cash contribution per active participant ($2,486)
- total administrative expense per participant ($544.04)
- 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)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (71.5%)
- yield on beginning-of-plan-year total assets (11.20%)
- diversity of asset types (9.3%)
- total administrative expense ratio (0.620%)
- participant loans as a percentage of plan assets (0.45%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (118)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (165)
- other retired or separated participants entitled to future benefits (47)
- retired or separated participants receiving benefits (0)
- total participants (165)
Global References