Benchmarking Netchex 401(K) Plan in Covington, LA against all plans
Netchex 401(K) Plan in Covington, LA has the 9th-highest yield on beginning-of-plan-year total assets (17.88%) among the 263 Louisiana plans. That 17.88% compares to an average of 13.87% across those 263 plans.
Beating the average of 13.87% means an extra $328,708 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
Netchex 401(K) Plan has these standings among those 263 peer plans:
Beating the average of 13.87% means an extra $328,708 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
Netchex 401(K) Plan has these standings among those 263 peer plans:
- yield on beginning-of-plan-year total assets = 17.88% (9th-highest, tied)
- net earnings on investments = $1,466,479 (46th-lowest)
- total assets at beginning of plan year = $8,203,737 (the least)
- asset transfers to this plan = $0
- asset transfers from this plan = $0
- cash contributions from participants = $881,951
- cash contributions from employers = $479,687
- total contributions = $1,570,726
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Peers
beat out by Argent Financial Group 401(K) Plan in Ruston, LA (26.56%), Home Bank, N.A. Profit Sharing and 401(K) Plan in Lafayette, LA (22.22%), Sports South 401(K) Plan in Shreveport, LA (18.61%), and Lanier & Associates Retirement Plan in New Orleans, LA (18.51%), and 4 others, ending with Lucid Holdings, LLC 401(K) Plan in New Orleans, LA (17.97%).
tied with Viemed, Inc. 401(K) Plan in Lafayette, LA (17.88%).
beat Brask, Inc. 401(K) Plan in Sulphur, LA (17.72%), Neighbors Federal Credit Union 401(K) Plan and Trust in Baton Rouge, LA (17.59%), Intermoor 401(K) Plan in Morgan City, LA (17.21%), and The Powell Group Employees' 401(K) Plan in Baton Rouge, LA (17.17%), and others, ending with Musculoskeletal Institute of Louisiana, A.P.M.C. Profit Sharing Plan in Shreveport, LA (0.61%).
tied with Viemed, Inc. 401(K) Plan in Lafayette, LA (17.88%).
beat Brask, Inc. 401(K) Plan in Sulphur, LA (17.72%), Neighbors Federal Credit Union 401(K) Plan and Trust in Baton Rouge, LA (17.59%), Intermoor 401(K) Plan in Morgan City, LA (17.21%), and The Powell Group Employees' 401(K) Plan in Baton Rouge, LA (17.17%), and others, ending with Musculoskeletal Institute of Louisiana, A.P.M.C. Profit Sharing Plan in Shreveport, LA (0.61%).
References
- 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.
- 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.