Plans » Benchmarking Engine
Benchmarking Tredroc Tire Services Retirement Plan in Elk Grove Village, IL against
good (1)
neutral (3)
Tredroc Tire Services Retirement Plan in Elk Grove Village, IL has the 7th-highest average participant cash contribution per active participant ($3,534) of the 27 plans whose industry group is Automotive Parts, Accessories, and Tire Stores and provide for automatic enrollment. That $3,534 compares to an average of $2,858 across those 27 plans.
Beating the average of $2,858 means an extra $225,690 in participant cash contributions.
But it's still under the median of $4,835 and average of $5,509 across 1,196 plans that, like it, are in Illinois.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Tredroc Tire Services Retirement Plan has these standings among those 27 peer plans:
Beating the average of $2,858 means an extra $225,690 in participant cash contributions.
But it's still under the median of $4,835 and average of $5,509 across 1,196 plans that, like it, are in Illinois.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Tredroc Tire Services Retirement Plan has these standings among those 27 peer plans:
- average participant cash contribution per active participant = $3,534 (7th-highest)
- cash contributions from participants = $1,180,306 (13th-least)
- active participants = 334 (10th-fewest)
- 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.
- 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.
- 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.
Tredroc Tire Services Retirement Plan in Elk Grove Village, IL is in Illinois, its EIN is 813943444, its industry group is Automotive Parts, Accessories, and Tire Stores, its plan administrator is Christopher Digiorgio, 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 441300, 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), 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).
Global References
Numeric values:
- total assets ($14,801,648)
- net assets (assets minus liabilities) ($14.80M)
- value of interest in registered investment companies (e.g., mutual funds) ($13.60M)
- total assets at beginning of plan year ($13,479,426)
- total income ($2,858,687)
- total expenses ($1,536,465)
- earnings on investments ($1,500,481)
- net earnings on investments ($1,500,481)
- total contributions ($1,358,206)
- net income ($1,322,222)
- cash contributions from participants ($1,180,306)
- value of interest in common/collective trusts ($694,029)
- participant loans ($499,020)
- cash contributions from employers ($146,357)
- other administrative expenses ($44,869)
- total administrative expenses ($44,869)
- average account balance ($43,534)
- net income per total participant ($3,889)
- average participant cash contribution per active participant ($3,534)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($559)
- average employer cash contribution per active participant ($438.20)
- total administrative expense per participant ($131.97)
- 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 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)
- 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 (98.2%)
- yield on beginning-of-plan-year total assets (11.13%)
- diversity of asset types (10.6%)
- participant loans as a percentage of plan assets (3.37%)
- total administrative expense ratio (0.300%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (334)
- deceased participants whose beneficiaries receive or are entitled to benefits (5)
- living participants (335)
- other retired or separated participants entitled to future benefits (1)
- retired or separated participants receiving benefits (0)
- total participants (340)
Global References