Benchmarking Hallcon Retirement Savings Plan in Lenexa, KS against all plans
Hallcon Retirement Savings Plan in Lenexa, KS has the 12th-lowest average account balance ($1,948) of the 23,008 plans that are covered by a fidelity bond. That $1,948 compares to an average of $80,239 across those 23,008 plans.
Reaching the average of $80,239 would imply an extra $462,073,600 in total assets.
Note: average account balance = total assets ÷ total participants
Hallcon Retirement Savings Plan has these standings among those 23,008 peer plans:
Reaching the average of $80,239 would imply an extra $462,073,600 in total assets.
Note: average account balance = total assets ÷ total participants
Hallcon Retirement Savings Plan has these standings among those 23,008 peer plans:
- average account balance = $1,948 (12th-lowest)
- total assets = $11,495,006 (2,416th-least)
- total participants = 5,902 (70th-most)
Visualize
Peers
better than Kellermeyer Bergensons Services Savings & Protection Plan in Oceanside, CA ($550), GPM Investments 401k Plan in Richmond, VA ($1,062), Team Public Choices 401(K) Plan in San Diego, CA ($1,078), and Tradesmen International, LLC 401(K) Plan in Macedonia, OH ($1,174), and 7 others, ending with Loyal Source Government Services 401(K) Plan in Orlando, FL ($1,865).
trailed Altman Specialty Plants LLC 401k Retirement Plan in Vista, CA ($1,950), Apache Industrial Services 401(K) Retirement Plan in Houston, TX ($1,956), Unlimited Care, Inc. 401(K) Plan in White Plains, NY ($1,965), and Worldwide Flight Services, Inc. 401(K) Plan in Jamaica, NY ($1,983), and others, ending with Hinman, Howard & Kattell, LLP Profit Sharing Plan and Trust No. 2 in Binghamton, NY ($9,122,323).
trailed Altman Specialty Plants LLC 401k Retirement Plan in Vista, CA ($1,950), Apache Industrial Services 401(K) Retirement Plan in Houston, TX ($1,956), Unlimited Care, Inc. 401(K) Plan in White Plains, NY ($1,965), and Worldwide Flight Services, Inc. 401(K) Plan in Jamaica, NY ($1,983), and others, ending with Hinman, Howard & Kattell, LLP Profit Sharing Plan and Trust No. 2 in Binghamton, NY ($9,122,323).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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.
- covered by a fidelity bond. A 'yes' value is good. Line 4e from Schedule H. A plan is covered by a fidelity bond only if the plan itself (as opposed to the plan sponsor or administrator) is a named insured under a fidelity bond from an approved surety covering plan officials and that protects the plan from losses due to fraud or dishonesty as described in 29 CFR Part 2580. Generally, every plan official of an employee benefit plan who ‘‘handles’’ funds or other property of such plan must be bonded. Generally, a person shall be deemed to be ‘‘handling’’ funds or other property of a plan, so as to require bonding, whenever his or her duties or activities with respect to given funds are such that there is a risk that such funds could be lost in the event of fraud or dishonesty on the part of such person, acting either alone or in collusion with others. 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.