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Benchmarking Citizens Bank Minnesota 401(K) Retirement Plan in New Ulm, MN against all plans

 

Citizens Bank Minnesota 401(K) Retirement Plan in New Ulm, MN has the 5th-highest diversity of asset types (22.8%) among the 36 plans within 50 miles. That 22.8% compares to an average of 10.4% across those 36 plans.

Citizens Bank Minnesota 401(K) Retirement Plan has these standings among those 36 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 22.8% (5th-highest)

  • interest-bearing cash (e.g., money market accounts, certificates of deposit) = $288 (3rd-most)

  • participant loans = $78,717 (15th-least)

  • value of interest in common/collective trusts = $487,128 (18th-highest)

  • value of interest in registered investment companies (e.g., mutual funds) = $12.60M (14th-lowest)

  • employer-related securities investments = $4,783,047 (the most)

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Peers

beat out by E.I. Microcircuits 401(K) Profit Sharing Plan in Mankato, MN (27.1%), Gislason & Hunter LLP 401(K) Profit Sharing Plan in New Ulm, MN (26.7%), Vetter Stone Companies Employee Savings & Retirement Plan in Mankato, MN (25.1%), and Lester Retirement Builder Savings Plan in Lester Prairie, MN (22.9%).

beat Abdo 401(K) Profit Sharing Plan in Mankato, MN (15.2%), Security Bancshares Company 401(K) Profit Sharing Plan and Trust in Glencoe, MN (14.9%), Minnesota Valley Testing Laboratories, Inc. 401(K) Employee Savings & Retirement Plan in New Ulm, MN (14.7%), and Co-Op 401(K) Plan in Redwood Falls, MN (14.5%), and 27 others, ending with Meadowland Farmers Coop 401k Plan in Lamberton, MN (0.0%).

References

  1. 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.
  2. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.