Benchmarking Varroc Lighting Systems 401(K) Plan in Plymouth, MI against all plans
Varroc Lighting Systems 401(K) Plan in Plymouth, MI has the highest average participant cash contribution per active participant ($16,180) of all the 158 plans whose industry group is Motor Vehicle Parts Manufacturing. That $16,180 compares to an average of $3,520 across those 158 plans.
Beating the average of $3,520 means an extra $848,233 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Varroc Lighting Systems 401(K) Plan has these standings among those 158 peer plans:
Beating the average of $3,520 means an extra $848,233 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Varroc Lighting Systems 401(K) Plan has these standings among those 158 peer plans:
- average participant cash contribution per active participant = $16,180 (the highest)
- cash contributions from participants = $1,084,088 (79th-most)
- active participants = 67 (the fewest, tied)
Visualize
Peers
beat Garrett Transportation I, Inc. 401(K) Plan in Wilmington, DE ($14,108), Leoni Wiring Systems, Inc. 401(K) Salary Reduction Plan in Tucson, AZ ($11,360), Savings and Retirement Plan of Mitsubishi Materials USA Corp. in Costa Mesa, CA ($9,971), and Dei Holdings, Inc. 401(K) Plan in Vista, CA ($9,786), and 153 others, ending with Auria Solutions USA, Inc. Hourly Employees' Retirement Savings Plan in Southfield, MI ($917.50).
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.
- average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.