Plans » Benchmarking Engine
good (2)
neutral (6)
Creative Foam Corporation Profit Sharing and Thrift Plan and Trust Agreement in Fenton, MI has the highest average account balance ($36,330) of the 1,157 plans with at least 1,370 living participants. That $36,330 compares to an average of $13,490 across those 1,157 plans.
Beating the average of $13,490 means an extra $31,290,312 in total assets.
But it's still under the median of $68,295 and average of $80,287 across 836 plans that, like it, are in Michigan.
Note: average account balance = total assets ÷ total participants
Creative Foam Corporation Profit Sharing and Thrift Plan and Trust Agreement has these standings among those 1,157 peer plans:
Beating the average of $13,490 means an extra $31,290,312 in total assets.
But it's still under the median of $68,295 and average of $80,287 across 836 plans that, like it, are in Michigan.
Note: average account balance = total assets ÷ total participants
Creative Foam Corporation Profit Sharing and Thrift Plan and Trust Agreement has these standings among those 1,157 peer plans:
- average account balance = $36,330 (the highest)
- total assets = $49,772,331 (5th-most)
- total participants = 1,370 (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.
- 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.
Creative Foam Corporation Profit Sharing and Thrift Plan and Trust Agreement in Fenton, MI is in Michigan, its EIN is 381905349, its industry group is Other Miscellaneous Manufacturing, its plan administrator is Melissa Baldwin, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, in the nationwide top 100 in total assets, provides for automatic enrollment, is a single-employer plan, its business code is 339900, has 1,000 to 4,999 total participants, and 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).
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Numeric values:
- net assets (assets minus liabilities) ($49.80M)
- total assets ($49,772,331)
- total assets at beginning of plan year ($43,968,980)
- value of interest in pooled separate accounts ($39,984,422)
- total income ($10,290,932)
- value of funds held in insurance company general account (unallocated contracts) ($8,359,914)
- net income ($5,803,351)
- earnings on investments ($5,781,063)
- net earnings on investments ($5,781,063)
- total contributions ($4,553,206)
- total expenses ($4,487,581)
- cash contributions from participants ($3,378,069)
- participant loans ($972,230)
- cash contributions from employers ($730,806)
- value of interest in registered investment companies (e.g., mutual funds) ($460K)
- corrective distributions ($81,465)
- other administrative expenses ($57,028)
- total administrative expenses ($57,028)
- average account balance ($36,330)
- net income per total participant ($4,236)
- average participant cash contribution per active participant ($3,267)
- average employer cash contribution per active participant ($706.80)
- total administrative expense per participant ($41.63)
- 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 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)
- 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 (75.5%)
- diversity of asset types (18.7%)
- yield on beginning-of-plan-year total assets (13.15%)
- participant loans as a percentage of plan assets (1.95%)
- total administrative expense ratio (0.110%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,034)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (1,370)
- other retired or separated participants entitled to future benefits (333)
- retired or separated participants receiving benefits (3)
- total participants (1,370)
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