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Benchmarking Sullivan Automotive Group 401(K) Profit Sharing Plan in Santa Monica, CA against all plans

 

Sullivan Automotive Group 401(K) Profit Sharing Plan in Santa Monica, CA has the 10th-highest diversity of asset types (11.8%) among the 37 plans in the Far West that don't provide for automatic enrollment, whose economic sector is Retail Trade, and have 500 to 999 total participants. That 11.8% compares to an average of 8.6% across those 37 plans.

Sullivan Automotive Group 401(K) Profit Sharing Plan has these standings among those 37 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 11.8% (10th-highest, tied)

  • value of interest in pooled separate accounts = $28,198,215 (2nd-highest)

  • value of funds held in insurance company general account (unallocated contracts) = $4,018,750 (3rd-highest)

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Peers

beat out by Tennis Warehouse 401(K) Profit Sharing Plan in San Luis Obispo, CA (30.4%), The Myers Group Retirement Plan in Clinton, WA (22.2%), Fresno Truck Center 401(K) Plan in Fresno, CA (18.6%), and Piercey Automotive Group 401k Plan and Trust in Irvine, CA (17.1%), and 5 others, ending with Hansel Dealerships' Group Salary Savings Plan in Petaluma, CA (12.7%).

tied with Sag 401(K) Plan in Berkeley, CA (11.8%).

beat Sherwood Management Co., Inc. & Associated 401(K) Profit Sharing Plan in Culver City, CA (10.2%), Haselwood Auto Group 401(K) Plan in Bremerton, WA (9.6%), Titus-Will Retirement Savings Plan in Tacoma, WA (9.3%), and Zaheri Group Retirement Plan in San Jose, CA (8.4%), and 22 others, ending with Kta Super Stores 401(K) Profit Sharing Plan in Hilo, HI (0.3%).

References

  1. diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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. 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.
  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. 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.
  5. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.