Of all the 160 plans whose industry group is Beer, Wine, and Distilled Alcoholic Beverage Merchant Wholesalers,
only Michael Skurnik Wines, Inc. 401(K) Profit Sharing Plan & Trust in Jericho, NY has
both such a high average account balance ($129,602)
and such a high yield on beginning-of-plan-year total assets (15.80%).
So, any other plan with as high an
average account balance also has lower
yield on beginning-of-plan-year total assets. Likewise, any other plan with as high a
yield on beginning-of-plan-year total assets also has lower
average account balance.
Note: average account balance = total assets ÷ total participants
Michael Skurnik Wines, Inc. 401(K) Profit Sharing Plan & Trust has these standings
among those 160 peer plans:
- average account balance = $129,602 (25th-highest)
- total assets = $23,328,293 (57th-most)
- total participants = 180 (51st-fewest, tied)
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Michael Skurnik Wines, Inc. 401(K) Profit Sharing Plan & Trust has these standings
among those 160 peer plans:
- yield on beginning-of-plan-year total assets = 15.80% (23rd-highest, tied)
- net earnings on investments = $3,193,730 (43rd-highest)
- total assets at beginning of plan year = $20,216,935 (61st-most)
and these values satisfy the maximum allowed for calculating yield from beginning assets:
- asset transfers to this plan = $0
- asset transfers from this plan = $0
and these values provide further relevant context:
- cash contributions from participants = $1,153,311
- cash contributions from employers = $474,660
- total contributions = $1,732,733