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Benchmarking The Pictsweet Company 401(K) Retirement Plan in Bells, TN against all plans

 

The Pictsweet Company 401(K) Retirement Plan in Bells, TN has the 2nd-highest yield on beginning-of-plan-year total assets (-12.34%) among the 39 plans whose industry group is Fruit and Vegetable Preserving and Specialty Food Manufacturing. That -12.34% compares to an average of -15.44% across those 39 plans.

Beating the average of -15.44% means an extra $955,473 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

The Pictsweet Company 401(K) Retirement Plan has these standings among those 39 peer plans:

  • yield on beginning-of-plan-year total assets = -12.34% (2nd-highest)

  • net earnings on investments = -$3,801,685 (16th-lowest)

  • total assets at beginning of plan year = $30,808,649 (11th-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $2,829,341

  • cash contributions from employers = $1,634,333

  • total contributions = $4,521,602

Visualize

 
 

Peers

Northern Fruit Company 401(K) Profit Sharing Plan in East Wenatchee, WA is first with -9.30%.

beat Treehouse Private Brands, Inc. Retirement Income Savings Plan for Union Employees in Oak Brook, IL (-12.88%), Vanee Foods 401(K) Plan in Oakbrook, IL (-13.26%), Musco Family Olive Co. 401(K) and Profit Sharing Plan in Tracy, CA (-13.47%), and Sandridge Food Corporation Profit Sharing Plan and Trust in Medina, OH (-13.68%), and others, ending with The Neil Jones Food Company 401(K) Plan in Vancouver, WA (-20.77%).

References

  1. 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.
  2. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.