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Benchmarking Asics Digital, Inc. 401(K) Plan in Boston, MA against all plans

 

Asics Digital, Inc. 401(K) Plan in Boston, MA has the 4th-highest yield on beginning-of-plan-year total assets (19.30%) among the 49 plans within 50 miles whose industry group is Computer Systems Design and Related Services. That 19.30% compares to an average of 16.33% across those 49 plans.

Beating the average of 16.33% means an extra $258,011 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

Asics Digital, Inc. 401(K) Plan has these standings among those 49 peer plans:

  • yield on beginning-of-plan-year total assets = 19.30% (4th-highest)

  • net earnings on investments = $1,678,352 (11th-lowest)

  • total assets at beginning of plan year = $8,695,877 (5th-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 = $1,445,736

  • cash contributions from employers = $898,715

  • total contributions = $2,908,617

Visualize

 
 

Peers

beat out by Drift Inc. Retirement Savings Plan in Boston, MA (23.17%), J2 Interactive, LLC 401(K) Plan in Charlestown, MA (21.54%), and Actblue LLC 401(K) Plan in Somerville, MA (20.33%).

beat Nasuni Corporation 401k Plan in Boston, MA (18.64%), Thoughtbot, Inc. 401(K) Plan in Boston, MA (18.54%), Litmus Software, Inc. Retirement Plan in Cambridge, MA (18.53%), and Wistia, Inc 401(K) Plan in Cambridge, MA (18.49%), and others, ending with Cloudwave 401(K) Retirement Plan in Marlborough, MA (12.52%).

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. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.
  3. 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.