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Benchmarking Niles Precision Company Employees' Profit Sharing/401(K) Plan in Niles, MI against all plans

 

Niles Precision Company Employees' Profit Sharing/401(K) Plan in Niles, MI has the 5th-highest average account balance ($120,342) of the 47 plans within 50 miles that provide for automatic enrollment. That $120,342 compares to an average of $70,797 across those 47 plans.

Beating the average of $70,797 means an extra $9,314,376 in total assets.

Note: average account balance = total assets รท total participants

Niles Precision Company Employees' Profit Sharing/401(K) Plan has these standings among those 47 peer plans:

  • average account balance = $120,342 (5th-highest)

  • total assets = $22,624,297 (18th-most)

  • total participants = 188 (12th-fewest)

Visualize

 
 

Peers

beat out by Gibson Insurance Agency, Inc. 401(K) Plan in South Bend, IN ($166,831), First State Bank of Middlebury 401(K) Profit Sharing Plan in Middlebury, IN ($133,820), Midwest Energy Incentive Savings Plan in Cassopolis, MI ($132,375), and Special-Lite, Inc. Retirement and Savings Plan and Trust in Decatur, MI ($131,057).

beat Wightman & Associates, Inc. 401k Profit Sharing Plan in Benton Harbor, MI ($119,483), Denooyer Brothers / Metro 401(K) Plan & Trust in Kalamazoo, MI ($117,989), Emergency Radio Service, LLC 401(K) Plan in Ligonier, IN ($114,159), and Big C Lumber Co., Inc. Profit Sharing Plan in Granger, IN ($111,454), and 38 others, ending with Gulf Stream Coach, Inc. Retirement Savings Plan in Nappanee, IN ($17,812).

References

  1. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. 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. average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. 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.
  3. 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.