Benchmarking Metropolitan Industries, Inc. 401(K) Savings Plan in Romeoville, IL against all plans
Metropolitan Industries, Inc. 401(K) Savings Plan in Romeoville, IL has the 4th-highest diversity of asset types (29.9%) among the 125 plans whose industry group is Hardware, and Plumbing and Heating Equipment and Supplies Merchant Wholesalers. That 29.9% compares to an average of 11.6% across those 125 plans.
Metropolitan Industries, Inc. 401(K) Savings Plan has these standings among those 125 peer plans related to asset types (values of zero are not shown):
Metropolitan Industries, Inc. 401(K) Savings Plan has these standings among those 125 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 29.9% (4th-highest)
- receivables - employer contributions = $155 (54th-most)
- receivables - participant contributions = $1,020 (12th-most)
- participant loans = $66,037 (36th-least)
- value of interest in pooled separate accounts = $1,922,269 (14th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $8.70M (17th-lowest, tied)
- value of funds held in insurance company general account (unallocated contracts) = $3,735,685 (4th-highest)
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Peers
beat out by I. D. Booth, Inc. Profit Sharing 401(K) Plan in Elmira, NY (38.2%), Ware Group, LLC 401 K Plan in Jacksonville, FL (36.4%), and Best Plumbing Specialties Profit Sharing Plan in Myersville, MD (31.4%).
beat Charles D. Jones & Company, Inc. 401(K) Plan in Kansas City, MO (29.6%), Etna Shared Services 401(K) & Profit Sharing Plan in Grand Rapids, MI (28.5%), Plumb Supply Company 401(K) Profit Sharing Plan in Des Moines, IA (25.9%), and Mid-City Supply Co., Inc. 401(K) Plan in Elkhart, IN (25.9%), and 117 others, ending with Eds Supply Co., Inc. of Nashville 401k Plan in Nashville, TN (0.0%).
beat Charles D. Jones & Company, Inc. 401(K) Plan in Kansas City, MO (29.6%), Etna Shared Services 401(K) & Profit Sharing Plan in Grand Rapids, MI (28.5%), Plumb Supply Company 401(K) Profit Sharing Plan in Des Moines, IA (25.9%), and Mid-City Supply Co., Inc. 401(K) Plan in Elkhart, IN (25.9%), and 117 others, ending with Eds Supply Co., Inc. of Nashville 401k Plan in Nashville, TN (0.0%).
References
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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.