Bloomsburg Carpet Industries PS Plan in Bloomsburg, PA has the 9th-highest average employer cash contribution per active participant ($2,550) of the 37 plans whose industry group is Textile Product Mills. That $2,550 compares to an average of $2,057 across those 37 plans.
Beating the average of $2,057 means an extra $112,036 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants
Bloomsburg Carpet Industries PS Plan has these standings
among those 37 peer plans:
- average employer cash contribution per active participant = $2,550 (9th-highest)
- cash contributions from employers = $578,934 (12th-most)
- active participants = 227 (19th-most)
Visualize
Only Bloomsburg Carpet Industries PS Plan in Bloomsburg, PA is in that area
Bloomsburg Carpet Industries PS Plan in Bloomsburg, PA has the 9th-highest average employer cash contribution per active participant ($2,550) of the 37 plans whose industry group is Textile Product Mills. That $2,550 compares to an average of $2,057 and standard deviation of $1,486 across those 37 plans.
Peers
beat out by Low and Bonar Inc. Retirement Savings and 401(K) Plan in Enka, NC ($6,602), Pharr Yarns, LLC 401(K) Plan in McAdenville, NC ($5,082), Pacolet Milliken, LLC Retirement Plan in Greenville, SC ($4,866), and Kordsa, Inc. 401(K) Profit Sharing Plan in Chattanooga, TN ($4,774), and 4 others, ending with Tietex International, Ltd., 401(K) Retirement Savings Plan in Spartanburg, SC ($2,572).
beat Contec, Inc. 401(K) Profit Sharing Plan in Spartanburg, SC ($2,508), Crown Crafts, Inc. 401k Retirement Savings Plan in Gonzales, LA ($2,499), Fenner Dunlop Retirement and Savings Plan in Coraopolis, PA ($2,385), and Brookwood Companies Inc. Tax Favored Savings Plan in New York, NY ($2,161), and 24 others, ending with Inman Mills 401(K) Retirement Savings Plan in Inman, SC ($254.00).
References
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average employer cash contribution per active participant. Higher values are better. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.
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whose industry group is. The industry group is the first four 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.