Powered by OnlyBoth

Benchmarking Tenacre Foundation 401k Plan in Princeton, NJ against all plans

 

Tenacre Foundation 401k Plan in Princeton, NJ has the 10th-highest yield on beginning-of-plan-year total assets (17.21%) among the 168 plans whose industry group is Religious, Grantmaking, Civic, Professional, and Similar Organizations and don't provide for automatic enrollment. That 17.21% compares to an average of 13.96% across those 168 plans.

Beating the average of 13.96% means an extra $826,824 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

Tenacre Foundation 401k Plan has these standings among those 168 peer plans:

  • yield on beginning-of-plan-year total assets = 17.21% (10th-highest)

  • net earnings on investments = $4,381,635 (30th-highest)

  • total assets at beginning of plan year = $25,455,087 (49th-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 = $1,176,780

  • cash contributions from employers = $1,584,348

  • total contributions = $2,763,072

Visualize

 
 

Peers

beat out by Greenpeace, Inc. Savings Plan in Washington, DC (18.87%), Umuc Ventures, Inc. 401(K) Plan in Bethesda, MD (17.96%), Illinois Farm Business Farm Management Association 401(K) Retirement Plan and Trust in Urbana, IL (17.81%), and The Broad Foundations Retirement Savings Plan in Los Angeles, CA (17.70%), and 5 others, ending with Nacds 401(K) Incentive Savings Plan in Arlington, VA (17.32%).

beat Lucile Packard Foundation for Children's Health Retirement & Savings 401k Plan in Palo Alto, CA (17.04%), Onc 401(K) Plan in Anchorage, AK (17.02%), Fsap & Peta 401(K) Plan in Norfolk, VA (16.85%), and East West Ministries International 401(K) Plan in Plano, TX (16.80%), and others, ending with Salud Family Health Employee Contribution 403(B) Plan in Fort Lupton, CO (1.18%).

References

  1. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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.
  2. 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.
  3. 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.