Powered by OnlyBoth

Benchmarking Preferred Credit Inc. Retirement Savings Plan in Saint Cloud, MN against all plans

 

Preferred Credit Inc. Retirement Savings Plan in Saint Cloud, MN has the least participant loans as a percentage of plan assets (0.00%) among the 85 plans within 50 miles. That 0.00% compares to an average of 0.77% across those 85 plans.

Beating the average of 0.77% means a savings of $116,878 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Preferred Credit Inc. Retirement Savings Plan has these standings among those 85 peer plans:

  • participant loans as a percentage of plan assets = 0.00% (the least, tied)

  • participant loans = $0 (the least in, tied)

  • total assets = $15,115,283 (32nd-least)

Visualize

 
 

Peers

tied with Nura, PLLC. 401(K) Profit Sharing Plan in Coon Rapids, MN, Advanced Process Technologies, Inc. 401(K) Profit Sharing Plan in Cokato, MN, McLaughlin Gormley King Company Profit Sharing and Employee Savings Plan in Minneapolis, MN, Continuums Foundation Employee 401(K) Savings Trust in Sartell, MN, and 7 others, all with 0.00%.

beat Max-Tech Inc. 401(K) Profit Sharing Plan in Hamel, MN (0.01%), Star Exhibits & Environments, Inc. 401(K) Profit Sharing Plan in Minneapolis, MN (0.03%), Tiller Corporation & Bryan Rock Products Inc. 401(K) Plan in Maple Grove, MN (0.09%), and Design Electric, Inc. 401(K) Retirement Plan in St Cloud, MN (0.16%), and 69 others, ending with Cornerstone Auto Group, LLC 401(K) Plan in Elk River, MN (2.52%).

References

  1. participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.