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Benchmarking Redi-Floors, Inc. 401(K) Plan in Marietta, GA against all plans

 

Redi-Floors, Inc. 401(K) Plan in Marietta, GA has the 4th-highest yield on beginning-of-plan-year total assets (16.65%) among the 34 plans whose industry group is Building Finishing Contractors. That 16.65% compares to an average of 13.60% across those 34 plans.

Beating the average of 13.60% means an extra $492,914 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Redi-Floors, Inc. 401(K) Plan has these standings among those 34 peer plans:

  • yield on beginning-of-plan-year total assets = 16.65% (4th-highest)

  • net earnings on investments = $2,692,579 (11th-highest)

  • total assets at beginning of plan year = $16,170,744 (14th-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 = $1,586,147

  • cash contributions from employers = $355,001

  • total contributions = $2,012,455

Visualize

 
 

Peers

beat out by Westco Closet 401(K) Retirement Plan in Hawthorne, NY (19.23%), Phase 2 Company 401(K) Plan in Ft Collins, CO (16.84%), and 3-G Construction Co., Inc. 401k Plan in Phoenix, AZ (16.69%).

beat Keenan, Hopkins, Suder & Stowell Contractors, Inc. 401(K) Plan and Trust in Anaheim, CA (16.13%), Frank L Blum Construction Co., Inc. 401(K) Profit Sharing Plan in Winston-Salem, NC (15.67%), Muth Electric, Inc. 401(K) Retirement Plan in Mitchell, SD (15.65%), and New England Finish Systems, LLC Profit Sharing & 401(K) Plan in Salem, NH (15.52%), and others, ending with Painters District Council No. 30 Finishing Industries Retirement Savings Fund in Aurora, IL (7.48%).

References

  1. 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.
  2. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.