Plans » Benchmarking Engine
Benchmarking Sing TAO USA Group Profit Sharing Plan in New York, NY against
good (2)
neutral (7)
Sing TAO USA Group Profit Sharing Plan in New York, NY has the highest average account balance ($143,605) of the 57 plans whose industry group is Newspaper, Periodical, Book, and Directory Publishers and have at least 276 living participants. That $143,605 compares to an average of $71,376 across those 57 plans.
Beating the average of $71,376 means an extra $19,935,146 in total assets.
Note: average account balance = total assets ÷ total participants
Sing TAO USA Group Profit Sharing Plan has these standings among those 57 peer plans:
Beating the average of $71,376 means an extra $19,935,146 in total assets.
Note: average account balance = total assets ÷ total participants
Sing TAO USA Group Profit Sharing Plan has these standings among those 57 peer plans:
- average account balance = $143,605 (the highest)
- total assets = $39,635,003 (16th-most)
- total participants = 276 (the fewest, tied)
- 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 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.
- living participants. Total of active, retired, or separated participants who are still living. Line 6d in 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.
Sing TAO USA Group Profit Sharing Plan in New York, NY is in New York, NY, its EIN is 132949051, its industry group is Newspaper, Periodical, Book, and Directory Publishers, is 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 511110, has 100 to 499 total participants, is worse than the overall participant averages in each of active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant, and is higher than the overall administrative medians in each of professional fees, other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($39,635,003)
- net assets (assets minus liabilities) ($39.60M)
- value of interest in pooled separate accounts ($39,423,199)
- total assets at beginning of plan year ($36,159,099)
- total income ($5,532,454)
- earnings on investments ($4,375,481)
- net earnings on investments ($4,375,481)
- net income ($3,475,904)
- total expenses ($2,056,550)
- total contributions ($1,156,973)
- cash contributions from participants ($760,487)
- cash contributions from employers ($396,486)
- participant loans ($187,981)
- total administrative expenses ($145,105)
- other administrative expenses ($144,285)
- average account balance ($143,605)
- receivables participant contributions ($13,131)
- net income per total participant ($12,594)
- receivables employer contributions ($7,564)
- average participant cash contribution per active participant ($5,173)
- total noninterest-bearing cash ($3,128)
- average employer cash contribution per active participant ($2,697)
- professional fees ($820)
- total administrative expense per participant ($525.74)
- 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 master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
- 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)
- corrective distributions ($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 (53.3%)
- yield on beginning-of-plan-year total assets (12.10%)
- diversity of asset types (1.1%)
- participant loans as a percentage of plan assets (0.47%)
- total administrative expense ratio (0.370%)
- total cash as a percentage of plan assets (0.01%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (147)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (276)
- other retired or separated participants entitled to future benefits (129)
- retired or separated participants receiving benefits (0)
- total participants (276)
Global References