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Benchmarking Bilinguals Inc. Retirement Plan in Melville, NY against all plans

 

Bilinguals Inc. Retirement Plan in Melville, NY has the 10th-highest yield on beginning-of-plan-year total assets (17.89%) among the 210 plans whose industry group is Offices of Other Health Practitioners. That 17.89% compares to an average of 14.33% across those 210 plans.

Beating the average of 14.33% means an extra $328,291 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

Bilinguals Inc. Retirement Plan has these standings among those 210 peer plans:

  • yield on beginning-of-plan-year total assets = 17.89% (10th-highest)

  • net earnings on investments = $1,650,644 (57th-lowest)

  • total assets at beginning of plan year = $9,224,813 (19th-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 = $823,372

  • cash contributions from employers = $76,707

  • total contributions = $900,079

Visualize

 
 

Peers

beat out by PTS Employee's 401(K) Plan in Belleville, IL (30.02%), Four Winds Health Retirement Plan in Atlanta, GA (24.36%), Ableto 401(K) Plan in Minnetonka, MN (18.91%), and Golden Bear Physical Therapy Sports Injury Center, Inc. 401(K) Plan in Modesto, CA (18.85%), and 5 others, ending with SVS Vision, Inc. Non-Union Employees 401 K Profit Sharing Plan and Trust in Mt. Clemens, MI (18.02%).

beat Kadiant's Living Your Absolute Best Retirement Life 401(K) Plan in Pasadena, CA (17.76%), Anesthesia & Pain Specialists of Bowling Green PLC 401(K) Profit Sharing Plan in Bowling Green, KY (17.62%), Andrews Sports Medicine & Orthopaedic Center, LLC 401(K) Profit Sharing Plan in Birmingham, AL (17.57%), and Central Nebraska Rehabilitation Services, LLC 401(K) Plan in Grand Island, NE (17.55%), and others, ending with Fort Wayne Medical Oncology and Hematology, Inc. 401(K) Plan in Fort Wayne, IN (3.05%).

References

  1. 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.
  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.