Jackson Iron & Metal Company, Inc. Profit Sharing 401(K) Plan in Jackson, MS has the 8th-least participant loans as a percentage of plan assets (0.37%) among the 48 plans whose industry group is Nonferrous Metal (except Aluminum) Production and Processing. That 0.37% compares to an average of 1.66% across those 48 plans.
Beating the average of 1.66% means a savings of $185,026 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Jackson Iron & Metal Company, Inc. Profit Sharing 401(K) Plan has these standings
among those 48 peer plans:
- participant loans as a percentage of plan assets = 0.37% (8th-least)
- participant loans = $52,792 (8th-least)
- total assets = $14,353,531 (13th-least)