Plans » Benchmarking Engine
Benchmarking Carolina Sunrock LLC 401(K) Retirement Plan in Raleigh, NC against
good (1)
neutral (8)
Carolina Sunrock LLC 401(K) Retirement Plan in Raleigh, NC has the 5th-highest diversity of asset types (12.6%) among the 27 plans in Raleigh, NC that provide for automatic enrollment. That 12.6% compares to an average of 7.5% across those 27 plans.
Carolina Sunrock LLC 401(K) Retirement Plan has these standings among those 27 peer plans related to asset types (values of zero are not shown):
Carolina Sunrock LLC 401(K) Retirement Plan has these standings among those 27 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 12.6% (5th-highest)
- receivables - employer contributions = $21,754 (5th-most)
- receivables - participant contributions = $39,324 (3rd-most)
- other receivables (not employer nor participant contributions) = $1,562 (the most)
- participant loans = $624,436 (2nd-most)
- value of interest in registered investment companies (e.g., mutual funds) = $13.70M (10th-lowest, tied)
- value of funds held in insurance company general account (unallocated contracts) = $767,197 (2nd-highest)
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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.
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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.
- in city. Values were kept only if they occurred at least 20 times. 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.
Carolina Sunrock LLC 401(K) Retirement Plan in Raleigh, NC is in Raleigh, NC, its EIN is 161229683, its industry group is Nonmetallic Mineral Mining and Quarrying, its plan administrator is Terry Manis, 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 212310, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), 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), and is higher than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($15,114,496)
- net assets (assets minus liabilities) ($15.10M)
- value of interest in registered investment companies (e.g., mutual funds) ($13.70M)
- total assets at beginning of plan year ($12,866,199)
- total income ($4,060,873)
- total contributions ($2,434,646)
- net income ($2,248,297)
- total expenses ($1,812,576)
- earnings on investments ($1,626,227)
- net earnings on investments ($1,626,227)
- cash contributions from participants ($1,566,068)
- cash contributions from employers ($793,126)
- value of funds held in insurance company general account (unallocated contracts) ($767,197)
- participant loans ($624,436)
- other administrative expenses ($53,589)
- total administrative expenses ($53,589)
- receivables participant contributions ($39,324)
- average account balance ($37,136)
- receivables employer contributions ($21,754)
- net income per total participant ($5,524)
- average participant cash contribution per active participant ($4,314)
- average employer cash contribution per active participant ($2,185)
- other receivables (not employer nor participant contributions) ($1,562)
- total administrative expense per participant ($131.67)
- total noninterest-bearing cash ($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)
- 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 (89.2%)
- yield on beginning-of-plan-year total assets (12.64%)
- diversity of asset types (12.6%)
- participant loans as a percentage of plan assets (4.13%)
- total administrative expense ratio (0.350%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (363)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (406)
- other retired or separated participants entitled to future benefits (41)
- retired or separated participants receiving benefits (2)
- total participants (407)
Global References