Benchmarking Carnegie Mellon University 401(K) Plan in Pittsburgh, PA against all plans
Carnegie Mellon University 401(K) Plan in Pittsburgh, PA has the highest average account balance ($25,360) of the 22 plans whose industry group is Educational Services and have at least 1,522 living participants. That $25,360 compares to an average of $14,832 across those 22 plans.
Beating the average of $14,832 means an extra $16,023,201 in total assets.
But it's still under the median of $63,473 and average of $73,207 across 1,087 plans that, like it, are in Pennsylvania.
Note: average account balance = total assets ÷ total participants
Carnegie Mellon University 401(K) Plan has these standings among those 22 peer plans:
Beating the average of $14,832 means an extra $16,023,201 in total assets.
But it's still under the median of $63,473 and average of $73,207 across 1,087 plans that, like it, are in Pennsylvania.
Note: average account balance = total assets ÷ total participants
Carnegie Mellon University 401(K) Plan has these standings among those 22 peer plans:
- average account balance = $25,360 (the highest)
- total assets = $38,598,246 (4th-most)
- total participants = 1,522 (the fewest)
Visualize
Peers
after Carnegie Mellon University 401(K) Plan in Pittsburgh, PA ($25,360, 1,522), closest are Herzing University, Ltd. Savings Plan in Milwaukee, WI ($24,831, 1,754), Instructure, Inc. 401(K) Plan in Salt Lake City, UT ($24,133, 2,055), Viking Holding Company, LLC 401(K) Plan in Miami, FL ($22,909, 1,557), and Concorde Career Colleges, Inc. 401(K) Retirement Savings Plan in Overland Park, KS ($21,161, 1,770), ending with Adtalem Global Education, Inc. 401(K) Plan for Visiting Professors in Downers Grove, IL ($3,830, 4,403).
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.
- 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-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.
- living participants. Total of active, retired, or separated participants who are still living. Line 6d 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.