Benchmarking Gateway Industrial Power, Inc. Retirement Savings Plan in Collinsville, IL against all plans
Gateway Industrial Power, Inc. Retirement Savings Plan in Collinsville, IL has the 10th-highest average employer cash contribution per active participant ($2,719) of the 66 plans whose industry group is Commercial and Industrial Machinery and Equipment (except Automotive and Electronic) Repair and Maintenance. That $2,719 compares to an average of $1,710 across those 66 plans.
Beating the average of $1,710 means an extra $223,103 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants
Gateway Industrial Power, Inc. Retirement Savings Plan has these standings among those 66 peer plans:
Beating the average of $1,710 means an extra $223,103 in employer cash contributions.
Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants
Gateway Industrial Power, Inc. Retirement Savings Plan has these standings among those 66 peer plans:
- average employer cash contribution per active participant = $2,719 (10th-highest)
- cash contributions from employers = $600,915 (17th-most)
- active participants = 221 (28th-fewest, tied)
Visualize
Peers
beat out by BHS Corrugated-North America, Inc. 401 (K) Savings Plan in Knoxville, TN ($4,566), Dover Hydraulics, Inc. 401k Plan in Dover, OH ($4,325), Total Comfort Solutions Inc. Retirement Savings Plan in West Columbia, SC ($3,985), and G & W Equipment, Inc. 401(K) Profit Sharing Plan and Trust in Charlotte, NC ($3,948), and 5 others, ending with Midlands Carrier Transicold 401(K) Plan in Omaha, NE ($2,773).
beat Hydro, Inc. 401(K) Salary Reduction Plan and Trust in Chicago, IL ($2,578), Hagar Restaurant Equipment Service, Inc. 401(K) Plan in Oklahoma City, OK ($2,560), Toyota Material Handling 401(K) Plan in Livermore, CA ($2,559), and MSHS Group 401(K) Plan in Fort Lauderdale, FL ($2,500), and 52 others, ending with Cooper Machinery Services, LLC 401(K) Plan in Houston, TX ($0.00).
beat Hydro, Inc. 401(K) Salary Reduction Plan and Trust in Chicago, IL ($2,578), Hagar Restaurant Equipment Service, Inc. 401(K) Plan in Oklahoma City, OK ($2,560), Toyota Material Handling 401(K) Plan in Livermore, CA ($2,559), and MSHS Group 401(K) Plan in Fort Lauderdale, FL ($2,500), and 52 others, ending with Cooper Machinery Services, LLC 401(K) Plan in Houston, TX ($0.00).
References
- average employer cash contribution per active participant. Higher values are better. 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. 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.
- 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.