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-most participant loans as a percentage of plan assets (1.95%) among the 34 plans whose industry group is Building Finishing Contractors. That 1.95% compares to an average of 0.95% across those 34 plans.
Reaching the average of 0.95% would imply a savings of $193,502 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Redi-Floors, Inc. 401(K) Plan has these standings among those 34 peer plans:
Reaching the average of 0.95% would imply a savings of $193,502 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Redi-Floors, Inc. 401(K) Plan has these standings among those 34 peer plans:
- participant loans as a percentage of plan assets = 1.95% (4th-most)
- participant loans = $377,267 (6th-most)
- total assets = $19,372,945 (15th-most)
Visualize
Peers
better than Baker Drywall Partnership, LLP 401(K) Plan in Mesquite, TX (3.54%), SAArman Construction, Ltd. 401(K) Retirement Plan in Alameda, CA (3.48%), and DFS Flooring, Inc. 401(K) Retirement Plan in Van Nuys, CA (1.99%).
exceeded L.A.R.K Industries, Inc. Employee Savings Trust in Anaheim, CA (1.72%), Musser Park Holdings Corporation Employees' Savings Incentive Plan in Lancaster, PA (1.60%), Lotspeich Co. of Florida, Inc. 401(K) Profit Sharing Plan in Fort Lauderdale, FL (1.56%), and The Witmer Group Retirement Plan in Mount Joy, PA (1.54%), and 26 others, ending with 3-G Construction Co., Inc. 401k Plan in Phoenix, AZ (0.00%).
exceeded L.A.R.K Industries, Inc. Employee Savings Trust in Anaheim, CA (1.72%), Musser Park Holdings Corporation Employees' Savings Incentive Plan in Lancaster, PA (1.60%), Lotspeich Co. of Florida, Inc. 401(K) Profit Sharing Plan in Fort Lauderdale, FL (1.56%), and The Witmer Group Retirement Plan in Mount Joy, PA (1.54%), and 26 others, ending with 3-G Construction Co., Inc. 401k Plan in Phoenix, AZ (0.00%).
References
- 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.
- participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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.