Benchmarking Proterra, Inc 401(K) Plan in Greenville, SC against all plans
In South Carolina with its 255 plans, Proterra, Inc 401(K) Plan in Greenville, SC has the lowest average account balance ($33,808) of the 111 plans (from those 255) with at least $7,406 in net income per total participant (Proterra, Inc 401(K) Plan is at $8,361).
That is, among those 111 plans that do well or OK on one measure, Proterra, Inc 401(K) Plan does least well on a related measure. That $33,808 compares to an average of $96,302 across those 111 plans.
Reaching the average of $96,302 would imply an extra $57,431,552 in total assets.
Note: average account balance = total assets ÷ total participants
Proterra, Inc 401(K) Plan has these standings among those 111 peer plans:
That is, among those 111 plans that do well or OK on one measure, Proterra, Inc 401(K) Plan does least well on a related measure. That $33,808 compares to an average of $96,302 across those 111 plans.
Reaching the average of $96,302 would imply an extra $57,431,552 in total assets.
Note: average account balance = total assets ÷ total participants
Proterra, Inc 401(K) Plan has these standings among those 111 peer plans:
- average account balance = $33,808 (the lowest)
- total assets = $31,069,073 (26th-most)
- total participants = 919 (2nd-most)
Visualize
Peers
trailed Pure Fishing Inc. Retirement Plan in Columbia, SC ($33,980), Core4ce 401(K) Plan in North Charleston, SC ($34,088), Hopehealth, Inc. 401(K) Safe Harbor Plan in Florence, SC ($36,793), and The Morgan Corporation 401(K) Profit Sharing Plan in Spartanburg, SC ($37,690), and 106 others, ending with Gallivan, White & Boyd, P. A. Profit Sharing Plan in Greenville, SC ($282,983).
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.
- net income per total participant. Higher values are better. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, 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 state. 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.