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Benchmarking Sabel Steel Service, Inc. 401(K) Plan in Montgomery, AL against all plans

 

Sabel Steel Service, Inc. 401(K) Plan in Montgomery, AL has the 6th-lowest yield on beginning-of-plan-year total assets (10.50%) among the 47 plans whose industry group is Metal and Mineral (except Petroleum) Merchant Wholesalers. That 10.50% compares to an average of 12.87% across those 47 plans.

Reaching the average of 12.87% would imply an extra $251,300 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

Sabel Steel Service, Inc. 401(K) Plan has these standings among those 47 peer plans:

  • yield on beginning-of-plan-year total assets = 10.50% (6th-lowest)

  • net earnings on investments = $1,112,616 (the lowest)

  • total assets at beginning of plan year = $10,601,362 (6th-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 = $496,337

  • cash contributions from employers = $215,000

  • total contributions = $711,337

Visualize

 
 

Peers

better than Brown Strauss, Inc. 401(K) Savings Plan in Aurora, CO (8.19%), Alaskan Copper 401k Plan and Trust in Seattle, WA (9.11%), Hanes Supply, Inc. 401(K) Plan in Buffalo, NY (9.27%), and B & B Surplus, Inc. 401(K) Profit Sharing Plan in Bakersfield, CA (10.14%), and 1 other.

trailed Cronimet Holdings 401(K) Plan in Aliquippa, PA (10.63%), Cantex Inc. Safe Harbor Savings Plan in Fort Worth, TX (10.75%), Steel Encounters, Inc. Profit Sharing Plan in Salt Lake City, UT (10.92%), and Duferco Steel, Inc. Savings Plan in Matawan, NJ (11.24%), and others, ending with Industrial Metal Supply Company 401(K) Plan in Sun Valley, CA (18.08%).

References

  1. 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.
  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.