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Benchmarking Marshall Industrial Technologies Savings & Retirement Plan in Trenton, NJ against all plans

 

Marshall Industrial Technologies Savings & Retirement Plan in Trenton, NJ has the highest average account balance ($112,918) of the 22 plans with at most $15.00M in net assets (assets minus liabilities) and that are in the Mid Atlantic, provide for automatic enrollment, are a single-employer plan, and whose economic sector is Construction. That $112,918 compares to an average of $67,286 across those 22 plans.

Beating the average of $67,286 means an extra $6,069,014 in total assets.

Note: average account balance = total assets ÷ total participants

Marshall Industrial Technologies Savings & Retirement Plan has these standings among those 22 peer plans:

  • average account balance = $112,918 (the highest)

  • total assets = $15,018,133 (the most)

  • total participants = 133 (3rd-fewest)

Visualize

 
 

Peers

after Marshall Industrial Technologies Savings & Retirement Plan in Trenton, NJ ($112,918, $15.00M), closest are Nouveau Elevator Industries 401(K) Profit Sharing Plan in Long Island City, NY ($108,111, $14.70M), Vollers, Inc. 401(K) Savings Plan in Branchburg, NJ ($100,798, $12.00M), Ark Systems, Inc. Profit Sharing 401(K) Plan in Columbia, MD ($99,933, $13.20M), and Hamel Group 401(K) Profit Sharing Plan in Elkridge, MD ($95,614, $13.70M), ending with Rba Custom Windows 401(K) Plan in Cranford, NJ ($15,584, $13.30M).

References

  1. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. 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. average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. 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. whose economic sector is. The economic sector is the first two 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.
  4. net assets (assets minus liabilities). At end of plan year. Net assets equal total assets minus total liabilities. Line 1l from Schedule H. 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.
  5. in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). 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.
  6. are plan type. A plan is a multiemployer plan if: (a) more than one employer is required to contribute, (b) the plan is maintained pursuant to one or more collective bargaining agreements between one or more employee organizations and more than one employer; (c) an election under Code section 414(f)(5) and ERISA section 3(37)(E) has not been made; and (d) the plan meets any other applicable conditions of 29 CFR 2510.3-37. A single-employer plan for this Form 5500 reporting purpose is an employee benefit plan maintained by one employer or one employee organization. A multiple-employer plan is a plan that is maintained by more than one employer and is not one of the plans already described. 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.