Plans » Benchmarking Engine
Benchmarking Mott Corporation 401(K) Plan in Farmington, CT against
good (5)
neutral (6)
Mott Corporation 401(K) Plan in Farmington, CT has the 7th-highest average account balance ($119,042) of the 77 plans whose industry group is Forging and Stamping. That $119,042 compares to an average of $69,080 across those 77 plans.
Beating the average of $69,080 means an extra $12,890,172 in total assets.
Note: average account balance = total assets ÷ total participants
Mott Corporation 401(K) Plan has these standings among those 77 peer plans:
Beating the average of $69,080 means an extra $12,890,172 in total assets.
Note: average account balance = total assets ÷ total participants
Mott Corporation 401(K) Plan has these standings among those 77 peer plans:
- average account balance = $119,042 (7th-highest)
- total assets = $30,712,882 (20th-most)
- total participants = 258 (27th-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.
Mott Corporation 401(K) Plan in Farmington, CT is in Connecticut, its EIN is 060741455, its industry group is Forging and Stamping, its plan administrator is Timothy Boswell, is 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, its business code is 332110, has 100 to 499 total participants, and 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.
Global References
Numeric values:
- total assets ($30,712,882)
- net assets (assets minus liabilities) ($30.10M)
- total assets at beginning of plan year ($26,164,810)
- value of interest in registered investment companies (e.g., mutual funds) ($25.80M)
- total income ($6,750,531)
- total expenses ($4,081,941)
- value of funds held in insurance company general account (unallocated contracts) ($4,052,178)
- earnings on investments ($3,619,606)
- net earnings on investments ($3,619,606)
- total contributions ($3,130,925)
- net income ($2,668,590)
- asset transfers to this plan ($1,677,668)
- cash contributions from participants ($689,645)
- total liabilities ($579,940)
- receivables employer contributions ($562,359)
- cash contributions from employers ($562,359)
- participant loans ($312,202)
- average account balance ($119,042)
- contract administrator fees ($71,651)
- total administrative expenses ($71,651)
- net income per total participant ($10,343)
- average participant cash contribution per active participant ($3,332)
- average employer cash contribution per active participant ($2,717)
- total administrative expense per participant ($277.72)
- total noninterest-bearing cash ($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)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers from this plan ($0)
- percentage of active participants (80.2%)
- diversity of asset types (16.8%)
- participant loans as a percentage of plan assets (1.02%)
- total administrative expense ratio (0.230%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (207)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (257)
- other retired or separated participants entitled to future benefits (50)
- retired or separated participants receiving benefits (0)
- total participants (258)
Global References