Benchmarking Huntington Coach Corporation 401k Plan in Huntington Station, NY against all plans
Huntington Coach Corporation 401k Plan in Huntington Station, NY has the lowest average account balance ($18,162) of the 33 plans whose economic sector is Transportation and Warehousing and have at most a 0.014% total administrative expense ratio.
That is, among those 33 plans that do well on one measure, Huntington Coach Corporation 401k Plan does least well on a related measure. That $18,162 compares to an average of $85,321 across those 33 plans.
Reaching the average of $85,321 would imply an extra $100,604,456 in total assets.
Note: average account balance = total assets ÷ total participants
Huntington Coach Corporation 401k Plan has these standings among those 33 peer plans:
That is, among those 33 plans that do well on one measure, Huntington Coach Corporation 401k Plan does least well on a related measure. That $18,162 compares to an average of $85,321 across those 33 plans.
Reaching the average of $85,321 would imply an extra $100,604,456 in total assets.
Note: average account balance = total assets ÷ total participants
Huntington Coach Corporation 401k Plan has these standings among those 33 peer plans:
- average account balance = $18,162 (the lowest)
- total assets = $27,206,044 (11th-most)
- total participants = 1,498 (the most)
Visualize
Peers
after Huntington Coach Corporation 401k Plan in Huntington Station, NY ($18,162, 0.014%), closest are Brown Integrated Logistics, Inc. 401(K) Plan in Lithonia, GA ($21,139, 0.004%), H.N.S. Management Company, Inc. 401(K) Savings Plan in Hartford, CT ($31,435, 0.011%), National Retail Systems, Inc. 401(K) Plan in North Bergen, NJ ($39,249, 0.000%), and Footprint Acquisition LLC 401k Plan in Lisle, IL ($40,174, 0.007%), ending with Wheaton Van Lines, Inc. & Subsidiaries 401(K) Plan in Indianapolis, IN ($193,547, 0.007%).
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.
- whose economic sector is. The economic sector is the first two 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.
- total administrative expense ratio. Lower values are better. Total administrative expense ratio (as a percentage) equals total administrative expenses (Line 2i(5), Schedule H) divided by total assets (end of plan year; Line 1f(b) from Schedule H), times 100. To qualify for total administrative expense ratio, the number of total assets must be at least $50,000. 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.