Benchmarking Mackay Mitchell Envelope Company, LLC Retirement Savings Plan in Minneapolis, MN against all plans
Mackay Mitchell Envelope Company, LLC Retirement Savings Plan in Minneapolis, MN has the 11th-highest diversity of asset types (14.8%) among the 57 plans in Minneapolis, MN that don't provide for automatic enrollment. That 14.8% compares to an average of 10.0% across those 57 plans.
Mackay Mitchell Envelope Company, LLC Retirement Savings Plan has these standings among those 57 peer plans related to asset types (values of zero are not shown):
Mackay Mitchell Envelope Company, LLC Retirement Savings Plan has these standings among those 57 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 14.8% (11th-highest)
- total noninterest-bearing cash = $6,627 (2nd-most)
- participant loans = $198,016 (19th-most)
- value of interest in common/collective trusts = $2,519,669 (12th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $15.00M (22nd-lowest)
Visualize
Peers
beat out by Activar, Inc. & Affiliated Companies Tax Deferred Savings Plan in Minneapolis, MN (32.8%), Crossfuze 401(K) Plan in Minneapolis, MN (24.9%), Clearfield, Inc. 401(K) Plan & Trust in Minneapolis, MN (23.0%), and Impact of Minnesota, Inc. 401(K) Plan in Minneapolis, MN (23.0%), and 6 others, ending with Aspen Waste Systems, Inc. 401(K) Profit Sharing Plan in Minneapolis, MN (17.4%).
beat Minnesota Orchestral Association Defined Contribution Retirement Plan in Minneapolis, MN (14.3%), Genevive Retirement Plan in Minneapolis, MN (13.1%), Electric Machinery Company LLC 401(K) Plan for Union Employees in Minneapolis, MN (12.8%), and Fish & Richardson Associates' 401(K) Plan in Minneapolis, MN (12.4%), and 42 others, ending with Padilla Speer Beardsley Inc. 401(K) PSP & Trust in Minneapolis, MN (0.0%).
beat Minnesota Orchestral Association Defined Contribution Retirement Plan in Minneapolis, MN (14.3%), Genevive Retirement Plan in Minneapolis, MN (13.1%), Electric Machinery Company LLC 401(K) Plan for Union Employees in Minneapolis, MN (12.8%), and Fish & Richardson Associates' 401(K) Plan in Minneapolis, MN (12.4%), and 42 others, ending with Padilla Speer Beardsley Inc. 401(K) PSP & Trust in Minneapolis, MN (0.0%).
References
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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.
- 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.
- in city. Values were kept only if they occurred at least 20 times. 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.