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Benchmarking Costas Provisions 401(K) & Profit Sharing Plan in Boston, MA against all plans

 

Costas Provisions 401(K) & Profit Sharing Plan in Boston, MA has the 2nd-lowest yield on beginning-of-plan-year total assets (6.65%) among the 826 Massachusetts plans. That 6.65% compares to an average of 14.87% across those 826 plans.

Reaching the average of 14.87% would imply an extra $905,646 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

Costas Provisions 401(K) & Profit Sharing Plan has these standings among those 826 peer plans:

  • yield on beginning-of-plan-year total assets = 6.65% (2nd-lowest)

  • net earnings on investments = $732,232 (2nd-lowest)

  • total assets at beginning of plan year = $11,015,627 (173rd-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 = $412,311

  • cash contributions from employers = $545,315

  • total contributions = $957,626

Visualize

 
 

Peers

Red Thread Spaces LLC 401(K) Plan in Boston, MA is first with 5.74%.

trailed Loring, Wolcott & Coolidge Retirement Savings Plan in Boston, MA (6.76%), American Food Systems, Inc. Profit Sharing & 401(K) Plan in Burlington, MA (6.76%), First Realty Management Corp. 401(K) Plan in Boston, MA (7.56%), and Restated Profit Sharing Plan & Trust of Boston Sand & Gravel Company in Boston, MA (8.13%), and others, ending with Sbera 401(K) Plan As Adopted By Hingham Institution for Savings in Hingham, MA (44.93%).

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.