Benchmarking Western Land Services, Inc. 401(K) Retirement Savings Plan in Ludington, MI against all plans
Western Land Services, Inc. 401(K) Retirement Savings Plan in Ludington, MI has the 9th-highest diversity of asset types (12.8%) among the 38 plans whose industry group is Support Activities for Mining. That 12.8% compares to an average of 9.9% across those 38 plans.
Western Land Services, Inc. 401(K) Retirement Savings Plan has these standings among those 38 peer plans related to asset types (values of zero are not shown):
Western Land Services, Inc. 401(K) Retirement Savings Plan has these standings among those 38 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 12.8% (9th-highest)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) = $204,529 (7th-most)
- participant loans = $116,042 (10th-least)
- value of interest in common/collective trusts = $1,059,050 (8th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $11.80M (12th-lowest)
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Peers
beat out by Aztec Well Servicing Co., Inc. 401k Profit Sharing Plan in Aztec, NM (30.8%), Plaster & Wald Consulting Corp. 401(K) Profit Sharing Plan and Trust in Mustang, OK (28.9%), US Well Services 401(K) Plan in Houston, TX (22.4%), and Pason Systems USA Corp. 401(K) Plan in Houston, TX (21.9%), and 4 others, ending with Cyclone Drilling, Inc. 401(K) Plan in Gillette, WY (13.7%).
beat Major Drilling America, Inc. 401(K) Plan in Salt Lake City, UT (12.0%), Go Wireline LLC 401(K) Profit Sharing Plan in Williston, ND (11.7%), Cyanco 401(K) Plan in Sugar Land, TX (11.3%), and Topographic, Inc. Retirement Plan in Fort Worth, TX (10.7%), and 25 others, ending with KGS 401(K) Plan in Montgomery, TX (1.2%).
beat Major Drilling America, Inc. 401(K) Plan in Salt Lake City, UT (12.0%), Go Wireline LLC 401(K) Profit Sharing Plan in Williston, ND (11.7%), Cyanco 401(K) Plan in Sugar Land, TX (11.3%), and Topographic, Inc. Retirement Plan in Fort Worth, TX (10.7%), and 25 others, ending with KGS 401(K) Plan in Montgomery, TX (1.2%).
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.
- 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.