Benchmarking Soar Technology Inc. 401(K) Profit Sharing Plan & Trust in Ann Arbor, MI against all plans
Soar Technology Inc. 401(K) Profit Sharing Plan & Trust in Ann Arbor, MI has the 10th-least in total assets ($16,423,480) of the 86 plans in Michigan that are better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total). Those $16,423,480 compare to an average of $28,986,864 across the 86 plans.
Soar Technology Inc. 401(K) Profit Sharing Plan & Trust has these standings among those 86 peer plans plus nationwide comparisons:
Soar Technology Inc. 401(K) Profit Sharing Plan & Trust has these standings among those 86 peer plans plus nationwide comparisons:
- net income per total participant = $12,169 (9th-lowest)
the nationwide average is $9,660 - average account balance = $103,946 (14th-lowest)
the nationwide average is $80,169 - average participant cash contribution per active participant = $10,980 (17th-highest)
the nationwide average is $5,898 - average employer cash contribution per active participant = $3,285 (19th-lowest)
the nationwide average is $2,765 - total administrative expense per participant = $343.26 (32nd-highest)
the nationwide average is $185.18
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Peers
outdone by Surveying Solutions, Inc. 401(K) Plan in Standish, MI ($11,009,059), The Sam Bernstein Law Firm PLL 401(K) Profit Sharing Plan & Trust in Farmington Hills, MI ($13,185,009), BD Ops, LLC 401(K) Plan in Ann Arbor, MI ($13,460,369), and Nustep LLC 401(K) Savings Plan in Ann Arbor, MI ($13,581,579), and 5 others, ending with Kasco, Inc. 401(K) Profit Sharing Plan in Royal Oak, MI ($16,236,884).
outdid Ram Construction Services 401(K) Plan in Livonia, MI ($17,452,027), Michigan Millers Mutual Insurance Company Employee 401(K) Plan in Lansing, MI ($17,602,929), Mapal, Inc. Office 401(K) Plan in Port Huron, MI ($17,624,438), and Giffin, Inc. 401(K) Salary Reduction Plan in Auburn Hills, MI ($18,007,955), and 72 others, ending with Arcturus Healthcare PLC 401(K) Profit Sharing Plan in Troy, MI ($49,765,163).
outdid Ram Construction Services 401(K) Plan in Livonia, MI ($17,452,027), Michigan Millers Mutual Insurance Company Employee 401(K) Plan in Lansing, MI ($17,602,929), Mapal, Inc. Office 401(K) Plan in Port Huron, MI ($17,624,438), and Giffin, Inc. 401(K) Salary Reduction Plan in Auburn Hills, MI ($18,007,955), and 72 others, ending with Arcturus Healthcare PLC 401(K) Profit Sharing Plan in Troy, MI ($49,765,163).
References
- are better than the overall participant averages in. Bigger sets are better. (1) The average nationwide value of net income per total participant is $9,660, so better is above that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $80,169, so better is above that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $5,898, so better is above that. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $2,765, so better is above that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $185.18, so better is below that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.
- in state. 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.
- total assets. At end of plan year. Line 1f(b) from Schedule H. 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.