Benchmarking Petersen Precision Engineering, LLC 401(K) Savings Plan in Redwood City, CA against all plans
Petersen Precision Engineering, LLC 401(K) Savings Plan in Redwood City, CA has the 3rd-highest diversity of asset types (16.8%) among the 35 plans in Redwood City, CA. That 16.8% compares to an average of 7.3% across those 35 plans.
Petersen Precision Engineering, LLC 401(K) Savings Plan has these standings among those 35 peer plans related to asset types (values of zero are not shown):
Petersen Precision Engineering, LLC 401(K) Savings Plan has these standings among those 35 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 16.8% (3rd-highest)
- participant loans = $169,908 (13th-most)
- value of interest in registered investment companies (e.g., mutual funds) = $8.30M (5th-lowest)
- value of funds held in insurance company general account (unallocated contracts) = $1,713,676 (3rd-highest)
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Peers
beat out by Boardwalk Auto Center, Inc. Profit Sharing 401(K) Plan in Redwood City, CA (22.2%) and C3.ai, Inc. 401(K) Plan in Redwood City, CA (17.9%).
beat Omidyar Network Services 401(K) Plan in Redwood City, CA (15.9%), Ascend Clinical LLC 401(K) Retirement Plan in Redwood City, CA (15.0%), Pulmonx 401(K) Profit Sharing Plan in Redwood City, CA (14.6%), and Coherus Biosciences, Inc. 401k Plan in Redwood City, CA (12.9%), and 28 others, ending with Inflection.com, Inc. 401(K) Plan in Redwood City, CA (2.0%).
beat Omidyar Network Services 401(K) Plan in Redwood City, CA (15.9%), Ascend Clinical LLC 401(K) Retirement Plan in Redwood City, CA (15.0%), Pulmonx 401(K) Profit Sharing Plan in Redwood City, CA (14.6%), and Coherus Biosciences, Inc. 401k Plan in Redwood City, CA (12.9%), and 28 others, ending with Inflection.com, Inc. 401(K) Plan in Redwood City, CA (2.0%).
References
- 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.
- in city. Values were kept only if they occurred at least 20 times. 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.