Benchmarking Structural and Steel Products 401(K) Plan in Fort Worth, TX against all plans
Structural and Steel Products 401(K) Plan in Fort Worth, TX has the 9th-highest diversity of asset types (20.3%) among the 80 plans whose industry group is Steel Product Manufacturing from Purchased Steel. That 20.3% compares to an average of 12.4% across those 80 plans.
Structural and Steel Products 401(K) Plan has these standings among those 80 peer plans related to asset types (values of zero are not shown):
Structural and Steel Products 401(K) Plan has these standings among those 80 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 20.3% (9th-highest)
- receivables - employer contributions = $20,411 (20th-most)
- receivables - participant contributions = $5,860 (14th-most)
- participant loans = $387,954 (37th-most)
- value of interest in common/collective trusts = $2,668,133 (18th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $10.10M (25th-lowest)
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Peers
beat out by United Steelworkers of America (USWA) Savings Program Upi 401(K) Plan in Pittsburg, CA (36.7%), Qualico Steel Company, Inc 401(K) Plan in Webb, AL (28.7%), JWF Industries 401(K) Plan in Johnstown, PA (28.5%), and Optimus Steel 401(K) Plan in The Woodlands, TX (27.8%), and 4 others, ending with Myrex Industries 401(K) Plan in Houston, TX (23.3%).
beat Anchor Lamina America, Inc. 401(K) Retirement Plan in Dayton, OH (20.1%), Ware Industries, Inc. 401(K) Retirement Plan in South Plainfield, NJ (19.6%), Stabilit USA 401(K) Plan in Moscow, TN (19.4%), and S.P. Company, Inc. 401(K) Plan in Columbiana, OH (19.1%), and 67 others, ending with Stewart Stainless Supply, Inc. 401(K) Plan in Braselton, GA (0.0%).
beat Anchor Lamina America, Inc. 401(K) Retirement Plan in Dayton, OH (20.1%), Ware Industries, Inc. 401(K) Retirement Plan in South Plainfield, NJ (19.6%), Stabilit USA 401(K) Plan in Moscow, TN (19.4%), and S.P. Company, Inc. 401(K) Plan in Columbiana, OH (19.1%), and 67 others, ending with Stewart Stainless Supply, Inc. 401(K) Plan in Braselton, GA (0.0%).
References
- 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.
- 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.