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Benchmarking Western Nevada Supply Company 401(K) Plan in Sparks, NV against
bad (2)
Western Nevada Supply Company 401(K) Plan in Sparks, NV has the 2nd-highest corrective distributions ($4,001) of the 35 plans within 50 miles. Those $4,001 compare to an average of $380.90 across the 35 plans.
Corporate Visions, Inc. 401(K) Plan in Reno, NV is first with $4,971.
exceeded Jensen Precast 401(K) Profit Sharing Plan in Reno, NV ($2,512), Legacy 401(K) Plan in Reno, NV ($668), Bently Enterprises, LLC Profit Sharing 401(K) Plan in Minden, NV ($552), and Applied Business Solutions, LLC 401(K) Plan in Reno, NV ($392), and 29 others, ending with L/P Insurance Services 401k Plan in Reno, NV ($0).
exceeded Jensen Precast 401(K) Profit Sharing Plan in Reno, NV ($2,512), Legacy 401(K) Plan in Reno, NV ($668), Bently Enterprises, LLC Profit Sharing 401(K) Plan in Minden, NV ($552), and Applied Business Solutions, LLC 401(K) Plan in Reno, NV ($392), and 29 others, ending with L/P Insurance Services 401k Plan in Reno, NV ($0).
- corrective distributions. Lower values are better. From Line 2f, Schedule H, but negative entries are converted into positive. Included on this line are all distributions paid during the plan year of excess deferrals under Code section 402(g)(2)(A)(ii), excess contributions under Code section 401(k)(8), and excess aggregate contributions under Code section 401(m)(6). Included is allocable income distributed. Also included on this line are any elective deferrals and employee contributions distributed or returned to employees during the plan year, as well as any attributable income that was also distributed. 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.
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within 50 miles.
- The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
- In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.
Western Nevada Supply Company 401(K) Plan in Sparks, NV is in Nevada, its EIN is 880093037, its industry group is Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers, its plan administrator is Angie Blair, is a profit-sharing plan, 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 423700, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), and is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and total administrative expense per participant (4 total).
Global References
Numeric values:
- total assets ($35,135,198)
- net assets (assets minus liabilities) ($35.10M)
- value of interest in registered investment companies (e.g., mutual funds) ($32.30M)
- total assets at beginning of plan year ($29,684,001)
- total income ($7,832,618)
- net income ($5,451,197)
- earnings on investments ($4,548,586)
- net earnings on investments ($4,548,586)
- total contributions ($3,284,032)
- total expenses ($2,381,421)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($2,350,426)
- cash contributions from participants ($2,200,669)
- cash contributions from employers ($880,858)
- participant loans ($444,524)
- average account balance ($81,710)
- other administrative expenses ($30,125)
- total administrative expenses ($30,125)
- net income per total participant ($12,677)
- average participant cash contribution per active participant ($6,288)
- corrective distributions ($4,001)
- average employer cash contribution per active participant ($2,517)
- total administrative expense per participant ($70.06)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($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)
- 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)
- 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 (81.4%)
- yield on beginning-of-plan-year total assets (15.32%)
- diversity of asset types (9.8%)
- total cash as a percentage of plan assets (6.69%)
- participant loans as a percentage of plan assets (1.27%)
- total administrative expense ratio (0.086%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (350)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (430)
- other retired or separated participants entitled to future benefits (80)
- retired or separated participants receiving benefits (0)
- total participants (430)
Global References