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Benchmarking Century Box 401k Plan in Methuen, MA against all plans

 

Century Box 401k Plan in Methuen, MA has the 11th-highest yield on beginning-of-plan-year total assets (25.02%) among the 4,992 plans whose economic sector is Manufacturing. That 25.02% compares to an average of 13.69% across those 4,992 plans.

Beating the average of 13.69% means an extra $971,280 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

Century Box 401k Plan has these standings among those 4,992 peer plans:

  • yield on beginning-of-plan-year total assets = 25.02% (11th-highest)

  • net earnings on investments = $2,145,468 (2,134th-lowest)

  • total assets at beginning of plan year = $8,574,732 (142nd-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 = $321,601

  • cash contributions from employers = $106,608

  • total contributions = $475,970

Visualize

 
 

Peers

beat out by Webster Savings Plan in Tiffin, OH (45.95%), Nikola Corporation 401(K) Profit Sharing Plan and Trust in Phoenix, AZ (34.91%), Delta Research/Delta Gear 401(K) Plan in Livonia, MI (34.79%), and Village Associates, LLC 401(K) Plan and Trust in Pulaski, WI (31.78%), and 6 others, ending with Motional Ad Retirement Savings Program in Boston, MA (25.35%).

beat Architectural Window Manufacturing Corp.401(K) Profit in Rutherford, NJ (23.45%), Process Displays, LLC 401(K) Plan in Minneapolis, MN (22.39%), Feldkamp Enterprises, Inc. 401(K) Profit Sharing Plan in Cincinnati, OH (21.78%), and Canoo Inc. 401 (K) Plan in Justin, TX (21.73%), and others, ending with Rainier View Water Co., Inc. 401(K) Plan in Tacoma, WA (-4.16%).

References

  1. 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.
  2. 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.