The Schwebel Baking Company 401k Plan in Youngstown, OH has the 7th-highest average account balance ($70,455) of the 34 plans whose industry group is Bakeries and Tortilla Manufacturing. That $70,455 compares to an average of $48,846 across those 34 plans.
Beating the average of $48,846 means an extra $14,629,114 in total assets.
Note: average account balance = total assets ÷ total participants
The Schwebel Baking Company 401k Plan has these standings
among those 34 peer plans:
- average account balance = $70,455 (7th-highest)
- total assets = $47,697,919 (2nd-most)
- total participants = 677 (13th-most)
Visualize
Only The Schwebel Baking Company 401k Plan in Youngstown, OH is in that area
The Schwebel Baking Company 401k Plan in Youngstown, OH has the 7th-highest average account balance ($70,455) of the 34 plans whose industry group is Bakeries and Tortilla Manufacturing. That $70,455 compares to an average of $48,846 and standard deviation of $33,317 across those 34 plans.
Peers
beat out by Roskam Baking Company Salaried Employees' Retirement Savings Plan in Grand Rapids, MI ($153,809), Piantedosi Baking Co. Inc. Employees' Savings Retirement Plan in Malden, MA ($113,997), Nickles Bakeries Employees' 401k Plan in Navarre, OH ($109,212), and Doughtronics, Inc. 401(K) Profit Sharing Plan in Berkeley, CA ($97,788), and 2 others, ending with Rhodes International, Inc. Employee Savings & Investment Plan in Salt Lake City, UT ($87,858).
beat Gonnella Retirement Savings Plan in Schaumburg, IL ($65,440), Dawn Foods Union Retirement Savings Plan in Jackson, MI ($64,910), Vie De France Yamazaki, Inc. 401(K) Retirement Savings Plan in Vienna, VA ($52,388), and Nation Pizza Products, LLC Employees' 401(K) Retirement Savings Plan in Schaumburg, IL ($51,076), and 23 others, ending with New England Teamsters Savings and Investment Plan in Manchester, NH ($11,264).
References
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average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f 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.
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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.