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Benchmarking Fred Smith Plumbing & Heating Co. Inc. 401(K) Profit Sharing Plan in New York, NY against all plans

 

Fred Smith Plumbing & Heating Co. Inc. 401(K) Profit Sharing Plan in New York, NY has the 11th-lowest yield on beginning-of-plan-year total assets (7.27%) among the 1,559 New York plans. That 7.27% compares to an average of 14.67% across those 1,559 plans.

Reaching the average of 14.67% would imply an extra $842,728 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) รท total assets at beginning of plan year

Fred Smith Plumbing & Heating Co. Inc. 401(K) Profit Sharing Plan has these standings among those 1,559 peer plans:

  • yield on beginning-of-plan-year total assets = 7.27% (11th-lowest)

  • net earnings on investments = $827,721 (14th-lowest)

  • total assets at beginning of plan year = $11,392,959 (351st-least)

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 = $372,903

  • cash contributions from employers = $300,000

  • total contributions = $672,903

Visualize

 
 

Peers

better than Cornerstone Employee Stock Ownership 401(K) Plan in Fresh Meadows, NY (-7.51%), TMP Technologies, Inc. 401(K) Profit Sharing Plan in Buffalo, NY (0.06%), Stein Fibers, Ltd. Profit Sharing Plan in Albany, NY (3.50%), and Great Lakes Medical Imaging, LLC Profit Sharing 401(K) Plan in Williamsville, NY (4.17%), and 6 others, ending with The Metropolitan Companies, Inc. 401(K) Plan in New York, NY (7.07%).

trailed Kintetsu Retirement Plan in White Plains, NY (7.73%), Recycling and General Industrial Union Local 108 Annuity Fund in New York, NY (7.78%), The Keller Technology Corporation 401(K) Retirement Plan in Buffalo, NY (7.79%), and TNJH 401(K) Retirement Savings Plan in New York, NY (7.81%), and others, ending with WB Engineering & Consulting, PLLC Retirement Savings Plan in New York, NY (48.71%).

References

  1. in state. 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. 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.