Benchmarking Mahoney Environmental Solutions, LLC Employees Profit Sharing and 401(K) Plan in Joliet, IL against all plans
Mahoney Environmental Solutions, LLC Employees Profit Sharing and 401(K) Plan in Joliet, IL has the 11th-highest yield on beginning-of-plan-year total assets (36.81%) among the 13,398 plans that are ERISA section 404(c) and don't provide for automatic enrollment. That 36.81% compares to an average of 14.33% across those 13,398 plans.
Beating the average of 14.33% means an extra $1,264,468 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
Mahoney Environmental Solutions, LLC Employees Profit Sharing and 401(K) Plan has these standings among those 13,398 peer plans:
Beating the average of 14.33% means an extra $1,264,468 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
Mahoney Environmental Solutions, LLC Employees Profit Sharing and 401(K) Plan has these standings among those 13,398 peer plans:
- yield on beginning-of-plan-year total assets = 36.81% (11th-highest)
- net earnings on investments = $2,070,045 (5,705th-lowest)
- total assets at beginning of plan year = $5,623,664 (116th-least)
- asset transfers to this plan = $0
- asset transfers from this plan = $0
- cash contributions from participants = $0
- cash contributions from employers = $1,215,033
- total contributions = $27,326,435
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Peers
beat out by Caven Enterprises, Incorporated Employees' Ownership Plan in Dallas, TX (308.92%), Schuber Mitchell Homes Retirement Savings Plan in Joplin, MO (89.01%), Schuber Mitchell Homes Retirement Savings Plan in Joplin, MO (89.01%), and WB Engineering & Consulting, PLLC Retirement Savings Plan in New York, NY (48.71%), and 6 others, ending with Gobrands, Inc. 401(K) Profit Sharing Plan in Philadelphia, PA (39.72%).
beat Revision Energy Inc. Employee Stock Ownership 401(K) Plan in S Portland, ME (36.33%), Nikola Corporation 401(K) Profit Sharing Plan and Trust in Phoenix, AZ (34.91%), Delta Research/Delta Gear 401(K) Plan in Livonia, MI (34.79%), and Next Insurance 401(K) Plan in Palo Alto, CA (33.66%), and others, ending with Educational Development Corporation Employee 401(K) Plan in Tulsa, OK (-39.27%).
beat Revision Energy Inc. Employee Stock Ownership 401(K) Plan in S Portland, ME (36.33%), Nikola Corporation 401(K) Profit Sharing Plan and Trust in Phoenix, AZ (34.91%), Delta Research/Delta Gear 401(K) Plan in Livonia, MI (34.79%), and Next Insurance 401(K) Plan in Palo Alto, CA (33.66%), and others, ending with Educational Development Corporation Employee 401(K) Plan in Tulsa, OK (-39.27%).
References
- 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.
- an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F 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.
- 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.