Benchmarking Volvo Sales and Service 401(K) Plan in Lisle, IL against all plans
Volvo Sales and Service 401(K) Plan in Lisle, IL has the highest average account balance ($94,567) of the 153 plans with at least 285 active participants and whose industry group is Automobile Dealers and don't provide for automatic enrollment. That $94,567 compares to an average of $38,022 across those 153 plans.
Beating the average of $38,022 means an extra $20,864,912 in total assets.
Note: average account balance = total assets ÷ total participants
Volvo Sales and Service 401(K) Plan has these standings among those 153 peer plans:
Beating the average of $38,022 means an extra $20,864,912 in total assets.
Note: average account balance = total assets ÷ total participants
Volvo Sales and Service 401(K) Plan has these standings among those 153 peer plans:
- average account balance = $94,567 (the highest)
- total assets = $34,895,337 (28th-most)
- total participants = 369 (17th-fewest)
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Peers
after Volvo Sales and Service 401(K) Plan in Lisle, IL ($94,567, 285), closest are W. W. Wallwork, Inc. 401(K) Profit Sharing Plan in Fargo, ND ($87,683, 443), Kayser Automotive Group 401(K) Plan in Madison, WI ($81,768, 337), RBM of Atlanta, Inc. Salary Deferral 401(K) Plan in Atlanta, GA ($81,170, 485), and Hoselton Chevrolet, Inc. Profit Sharing and Retirement Savings Plan in East Rochester, NY ($75,781, 332), ending with Doherty Auto Group 401(K) Plan in Lakeland, FL ($7,919, 1,877).
References
- 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.
- 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.
- 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.
- active participants. Total number of active participants at the end of the plan year, Line 6a(2) in 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.