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Benchmarking Twin City Hardware Company 401(K) Savings Plan and Trust in Oakdale, MN against all plans

 

Twin City Hardware Company 401(K) Savings Plan and Trust in Oakdale, MN has the 10th-lowest diversity of asset types (2.9%) among the 103 plans whose industry group is Building Material and Supplies Dealers. That 2.9% compares to an average of 11.3% across those 103 plans.

Twin City Hardware Company 401(K) Savings Plan and Trust has these standings among those 103 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 2.9% (10th-lowest, tied)

  • receivables - employer contributions = $10 (43rd-most)

  • participant loans = $381,483 (18th-most)

  • value of interest in pooled separate accounts = $26,433,671 (3rd-highest)

  • value of funds held in insurance company general account (unallocated contracts) = $13,680 (42nd-highest)

  • other general investments = $48,389 (4th-most)

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Peers

better than NC Inc. Employees' Savings & Profit Sharing Plan in Vincennes, IN (1.5%), Stine, LLC 401(K) Profit Sharing Plan in Sulphur, LA (1.6%), Gandrud Auto Group 401(K) Plan in Green Bay, WI (1.6%), and Hallman/Lindsay Paints, Inc. 401(K) Profit Sharing Plan in Sun Prairie, WI (1.7%), and 5 others, ending with McCray Lumber Company Profit Sharing Plan in Overland Park, KS (2.8%).

tied with Ace Hardware of Chattanooga 401(K) Profit Sharing Plan in Chattanooga, TN (2.9%).

trailed At Home 401(K) Savings Plan in Plano, TX (3.0%), Direct Distributors, Inc. 401(K) Plan in Garner, NC (3.0%), Colony Hardware Corp 401(K) Plan in Orange, CT (3.1%), and Wilson Lumber Company, Inc. 401(K) Profit Sharing Plan in Huntsville, AL (3.3%), and 88 others, ending with Carroll Distributing & Construction Supply, Inc. 401(K) Profit Sharing Plan in Ottumwa, IA (41.0%).

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. 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.