Plans » Benchmarking Engine
Benchmarking Brown Machine Group 401(K) Plan in Beaverton, MI against
bad (5)
Brown Machine Group 401(K) Plan in Beaverton, MI has the 2nd-lowest net income (-$10,130,747) of the 23 plans within 50 miles. Those -$10,130,747 compare to an average of -$4,242,974 across the 23 plans.
Note: net income = total income - total expenses
Brown Machine Group 401(K) Plan has these standings among those 23 peer plans:
Note: net income = total income - total expenses
Brown Machine Group 401(K) Plan has these standings among those 23 peer plans:
- net income = -$10,130,747 (2nd-lowest)
- total income = -$5,069,273 (2nd-lowest)
- total expenses = $5,061,474 (the highest)
Garr Tool Co., Inc. Ees' P/S Salary Reduction 401(K) Plan in Alma, MI is first with -$11,970,302.
trailed Morley Companies, Inc. 401(K) Profit Sharing Plan & Trust in Saginaw, MI (-$7,517,035), Fabiano Brothers, Inc. 401(K) Plan in Bay City, MI (-$6,830,942), Yeo and Yeo 401(K) Plan in Saginaw, MI (-$5,491,417), and Spicer Group, Inc. 401(K) Profit Sharing Plan in Saginaw, MI (-$5,132,149), and 17 others, ending with KMG Prestige Incorporated Retirement 401(K) Plan in Mt Pleasant, MI (-$1,883,742).
trailed Morley Companies, Inc. 401(K) Profit Sharing Plan & Trust in Saginaw, MI (-$7,517,035), Fabiano Brothers, Inc. 401(K) Plan in Bay City, MI (-$6,830,942), Yeo and Yeo 401(K) Plan in Saginaw, MI (-$5,491,417), and Spicer Group, Inc. 401(K) Profit Sharing Plan in Saginaw, MI (-$5,132,149), and 17 others, ending with KMG Prestige Incorporated Retirement 401(K) Plan in Mt Pleasant, MI (-$1,883,742).
- net income. Higher values are better. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
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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.
Brown Machine Group 401(K) Plan in Beaverton, MI is in Michigan, its EIN is 463926326, its industry group is Other Professional, Scientific, and Technical Services, its plan administrator is Amy Widdis-Streeter, is covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 541990, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and corrective distributions (4 total), is worse than the overall participant averages in each of net income per total participant, active-participant contributions per head, and employer contributions per active participant, and is higher than the overall administrative medians in each of investment advisory and management fees, other administrative expenses, and total administrative expenses.
Global References
Numeric values:
- total assets at beginning of plan year ($47,385,087)
- net assets (assets minus liabilities) ($37.30M)
- total assets ($37,254,340)
- value of interest in registered investment companies (e.g., mutual funds) ($28.50M)
- value of funds held in insurance company general account (unallocated contracts) ($8,159,296)
- total expenses ($5,061,474)
- total contributions ($2,108,754)
- cash contributions from participants ($1,488,771)
- participant loans ($523,409)
- cash contributions from employers ($496,600)
- average account balance ($81,164)
- total administrative expenses ($61,042)
- investment advisory and management fees ($35,000)
- receivables participant contributions ($28,860)
- other administrative expenses ($26,042)
- receivables employer contributions ($8,433)
- average employer+participant cash contribution per active participant ($7,220)
- average participant cash contribution per active participant ($5,414)
- average employer cash contribution per active participant ($1,806)
- corrective distributions ($952)
- other receivables (not employer nor participant contributions) ($439)
- total administrative expense per participant ($132.99)
- total noninterest-bearing cash ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- net income per total participant (-$22,071)
- total income (-$5,069,273)
- earnings on investments (-$7,178,027)
- net earnings on investments (-$7,213,027)
- net income (-$10,130,747)
- percentage of active participants (59.9%)
- diversity of asset types (19.0%)
- participant loans as a percentage of plan assets (1.40%)
- total administrative expense ratio (0.160%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-15.22%)
- growth in total assets during the plan year (-21.4%)
- active participants (275)
- deceased participants whose beneficiaries receive or are entitled to benefits (13)
- living participants (446)
- other retired or separated participants entitled to future benefits (161)
- retired or separated participants receiving benefits (10)
- total participants (459)
Global References