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Benchmarking Keim Lumber Company 401(K) Retirement Plan in Charm, OH against  

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Keim Lumber Company 401(K) Retirement Plan in Charm, OH has the 10th-lowest average participant cash contribution per active participant ($2,599) of the 101 plans whose industry group is Lumber and Other Construction Materials Merchant Wholesalers. That $2,599 compares to an average of $13,026 across those 101 plans.

Reaching the average of $13,026 would imply an extra $5,401,368 in participant cash contributions.

Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants

Keim Lumber Company 401(K) Retirement Plan has these standings among those 101 peer plans:

  • average participant cash contribution per active participant = $2,599 (10th-lowest)

  • cash contributions from participants = $1,346,357 (25th-most)

  • active participants = 518 (17th-most)

Visualize

 
 

References

  1. 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.
  2. average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.

Profile

Keim Lumber Company 401(K) Retirement Plan in Charm, OH is in Ohio, its EIN is 341019273, its industry group is Lumber and Other Construction Materials Merchant Wholesalers, 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 423300, has 500 to 999 total participants, is better 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 contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.

 

     Numeric values:
  • total assets ($22,934,584)
  • net assets (assets minus liabilities) ($22.90M)
  • value of interest in registered investment companies (e.g., mutual funds) ($21.50M)
  • total assets at beginning of plan year ($18,546,436)
  • total income ($5,077,931)
  • net income ($4,388,148)
  • earnings on investments ($2,915,818)
  • net earnings on investments ($2,886,762)
  • total contributions ($2,162,113)
  • cash contributions from participants ($1,346,357)
  • value of interest in common/collective trusts ($1,271,449)
  • total expenses ($689,783)
  • cash contributions from employers ($571,583)
  • participant loans ($108,112)
  • total administrative expenses ($73,347)
  • contract administrator fees ($44,291)
  • average account balance ($41,175)
  • investment advisory and management fees ($29,056)
  • total noninterest-bearing cash ($11,365)
  • receivables employer contributions ($10,148)
  • net income per total participant ($7,878)
  • value of funds held in insurance company general account (unallocated contracts) ($7,706)
  • average participant cash contribution per active participant ($2,599)
  • average employer cash contribution per active participant ($1,103)
  • total administrative expense per participant ($131.68)
  • 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 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)
  • other administrative expenses ($0)
  • asset transfers to this plan ($0)
  • asset transfers from this plan ($0)
  • percentage of active participants (93.0%)
  • yield on beginning-of-plan-year total assets (15.57%)
  • diversity of asset types (8.0%)
  • participant loans as a percentage of plan assets (0.47%)
  • total administrative expense ratio (0.320%)
  • total cash as a percentage of plan assets (0.05%)
  • employer securities as a percentage of plan assets (0.00%)
  • active participants (518)
  • deceased participants whose beneficiaries receive or are entitled to benefits (0)
  • living participants (557)
  • other retired or separated participants entitled to future benefits (39)
  • retired or separated participants receiving benefits (0)
  • total participants (557)

Global References


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Keim Lumber Company 401(K) Retirement Plan in Charm, OH has the 10th-lowest average participant cash contribution per active participant ($2,599) of the 101 plans whose industry group is Lumber and Other Construction Materials Merchant Wholesalers. That $2,599 compares to an average of $13,026 across those 101 plans.
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