Plans » Benchmarking Engine
Benchmarking Associated Credit Union 401(K) Plan and Trust in Norcross, GA against
good (2)
neutral (7)
Associated Credit Union 401(K) Plan and Trust in Norcross, GA has the 3rd-highest average account balance ($116,005) of the 25 plans in Norcross, GA. That $116,005 compares to an average of $76,676 across those 25 plans.
Beating the average of $76,676 means an extra $15,338,279 in total assets.
Note: average account balance = total assets ÷ total participants
Associated Credit Union 401(K) Plan and Trust has these standings among those 25 peer plans:
Beating the average of $76,676 means an extra $15,338,279 in total assets.
Note: average account balance = total assets ÷ total participants
Associated Credit Union 401(K) Plan and Trust has these standings among those 25 peer plans:
- average account balance = $116,005 (3rd-highest)
- total assets = $45,241,830 (3rd-most)
- total participants = 390 (8th-most)
- 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.
- 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.
Associated Credit Union 401(K) Plan and Trust in Norcross, GA is in Norcross, GA, its EIN is 580240950, its industry group is Depository Credit Intermediation, its plan administrator is Glenda Ricker, 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 522130, has 100 to 499 total participants, is better than the overall participant averages in each of net income per total participant, average account balance, and employer contributions per active participant, and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, and total administrative expenses.
Global References
Numeric values:
- total assets ($45,241,830)
- net assets (assets minus liabilities) ($45.20M)
- total assets at beginning of plan year ($40,455,309)
- value of interest in registered investment companies (e.g., mutual funds) ($37.40M)
- total income ($7,843,476)
- value of funds held in insurance company general account (unallocated contracts) ($7,089,123)
- earnings on investments ($5,390,980)
- net earnings on investments ($5,354,045)
- net income ($4,786,521)
- total expenses ($3,056,955)
- total contributions ($2,452,496)
- cash contributions from participants ($1,252,089)
- cash contributions from employers ($1,200,407)
- participant loans ($719,525)
- total administrative expenses ($117,869)
- average account balance ($116,005)
- contract administrator fees ($80,934)
- investment advisory and management fees ($36,935)
- net income per total participant ($12,273)
- average participant cash contribution per active participant ($4,132)
- average employer cash contribution per active participant ($3,962)
- total administrative expense per participant ($302.23)
- 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 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 (77.7%)
- diversity of asset types (16.1%)
- yield on beginning-of-plan-year total assets (13.23%)
- participant loans as a percentage of plan assets (1.59%)
- total administrative expense ratio (0.260%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (303)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (389)
- other retired or separated participants entitled to future benefits (86)
- retired or separated participants receiving benefits (0)
- total participants (390)
Global References