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Benchmarking Sila Solutions Group 401(K) Profit Sharing Plan in Great Falls, VA against all plans

 

Sila Solutions Group 401(K) Profit Sharing Plan in Great Falls, VA has the 10th-highest average participant cash contribution per active participant ($14,822) of the 623 plans within 50 miles that don't provide for automatic enrollment. That $14,822 compares to an average of $6,807 across those 623 plans.

Beating the average of $6,807 means an extra $577,060 in participant cash contributions.

Note: average participant cash contribution per active participant =
cash contributions from participants รท active participants

Sila Solutions Group 401(K) Profit Sharing Plan has these standings among those 623 peer plans:

  • average participant cash contribution per active participant = $14,822 (10th-highest)

  • cash contributions from participants = $1,067,177 (301st-least)

  • active participants = 72 (37th-fewest, tied)

Visualize

 
 

Peers

beat out by Vion Corporation Profit Sharing Plan in Herndon, VA ($26,550), Attain Consulting Group LLC in McLean, VA ($24,135), Bradley Media Holdings, Inc 401(K) Plan in Washington, DC ($23,473), and Kinetica DB, Inc. 401k Plan in Arlington, VA ($19,629), and 5 others, ending with BCT LLC 401(K) and Profit Sharing Plan in Annapolis Junction, MD ($14,958).

beat Nacds 401(K) Incentive Savings Plan in Arlington, VA ($14,532), Hollingsworth 401(K) Retirement Savings Plan in Washington, DC ($14,510), Faana Retirement Plan in Falls Church, VA ($14,428), and Array Information Technology, Inc. 401(K) Plan in Greenbelt, MD ($14,418), and others, ending with The Wilderness Society 401(A) Retirement Plan in Washington, DC ($0.00).

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 participant cash contribution per active participant. Higher values are better. 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. 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.