OnlyBoth : Benchmarking Bradford Company Retirement Savings Plan in Holland, MI

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Benchmarking Bradford Company Retirement Savings Plan in Holland, MI against

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Bradford Company Retirement Savings Plan in Holland, MI has the highest average account balance ($92,242) of the 266 plans in Michigan with at least 357 active participants. That $92,242 compares to an average of $33,006 across those 266 plans.

Beating the average of $33,006 means an extra $23,871,898 in total assets.

Note: average account balance = total assets ÷ total participants

Bradford Company Retirement Savings Plan has these standings among those 266 peer plans:

average account balance = $92,242 (the highest)

total assets = $37,173,587 (64th-most)

total participants = 403 (4th-fewest)

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Peers

after Bradford Company Retirement Savings Plan in Holland, MI ($92,242, 357), closest are BNP Media 401k Plan in Troy, MI ($91,757, 366), Madison / Standard Electric 401(K) Plan in Warren, MI ($87,993, 399), Hirotec America, Inc. 401(K) Plan in Auburn Hills, MI ($87,843, 462), and Safety Technology Holdings, Inc. 401(K) Savings Plan in Farmington Hills, MI ($84,571, 393), ending with Patton Wings, Inc. 401(K) Plan in Shelby Township, MI ($3,085, 2,954).

References

average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. 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.
in state. 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.
active participants. Total number of active participants at the end of the plan year, Line 6a(2) in Form 5500. 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.

Profile

Bradford Company Retirement Savings Plan in Holland, MI is in Michigan, its EIN is 381903019, its industry group is Converted Paper Product Manufacturing, its plan administrator is Douglas Brink, is a profit-sharing plan, 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 322200, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, corrective distributions, and yield on beginning-of-plan-year total assets (4 total), is worse than the overall participant averages in each of net income per total participant, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of professional fees, contract administrator fees, investment advisory and management fees, and total administrative expenses.

Numeric values:

total assets at beginning of plan year ($49,273,172)
net assets (assets minus liabilities) ($37.20M)
total assets ($37,173,587)
value of interest in common/collective trusts ($17,586,531)
value of interest in pooled separate accounts ($11,288,260)
value of interest in registered investment companies (e.g., mutual funds) ($7.80M)
total expenses ($5,783,950)
total contributions ($2,421,253)
cash contributions from participants ($1,447,840)
cash contributions from employers ($856,531)
receivables employer contributions ($538,627)
average account balance ($92,242)
total administrative expenses ($83,492)
contract administrator fees ($47,661)
corrective distributions ($33,678)
investment advisory and management fees ($25,986)
professional fees ($9,845)
average employer+participant cash contribution per active participant ($6,455)
average participant cash contribution per active participant ($4,056)
average employer cash contribution per active participant ($2,399)
total administrative expense per participant ($207.18)
total noninterest-bearing cash ($0)
receivables participant contributions ($0)
other receivables (not employer nor participant contributions) ($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)
participant loans ($0)
value of interest in master trust investment accounts ($0.0K)
value of interest in 103-12 investment entities ($0)
value of funds held in insurance company general account (unallocated contracts) ($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)
total liabilities ($0)
other administrative expenses ($0)
asset transfers to the plan ($0)
asset transfers from the plan ($0)
net income per total participant (-$30,024)
total income (-$6,315,635)
earnings on investments (-$8,736,888)
net earnings on investments (-$8,762,874)
net income (-$12,099,585)
percentage of active participants (88.6%)
diversity of asset types (34.8%)
total administrative expense ratio (0.220%)
participant loans as a percentage of plan assets (0.00%)
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 (-17.78%)
growth in total assets during the plan year (-24.6%)
active participants (357)
deceased participants whose beneficiaries receive or are entitled to benefits (1)
living participants (402)
other retired or separated participants entitled to future benefits (44)
retired or separated participants receiving benefits (1)
total participants (403)

Global References

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	active participants
	in state
	total expenses
	average account balance
	within 50 miles
	diversity of asset types
	whose economic sector is
	whose industry group is
	net assets (assets minus liabilities)
	provide for automatic enrollment, or not
	value of interest in common/collective trusts
	participant loans as a percentage of plan assets

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Benchmarking Bradford Company Retirement Savings Plan in Holland, MI against

most-similar plans

a group of plans you select