Benchmarking FYE 401(K) Savings Plan in Albany, NY against all plans
FYE 401(K) Savings Plan in Albany, NY has the 3rd-lowest average employer+participant cash contribution per active participant ($200) of the 1,425 plans whose economic sector is Retail Trade. That $200 compares to an average of $6,976 across those 1,425 plans.
Reaching the average of $6,976 would imply an extra $18,653,282 in employer+participant cash contributions.
Note: average employer+participant cash contribution per active participant = average participant cash contribution per active participant + average employer cash contribution per active participant
FYE 401(K) Savings Plan has these standings among those 1,425 peer plans:
Reaching the average of $6,976 would imply an extra $18,653,282 in employer+participant cash contributions.
Note: average employer+participant cash contribution per active participant = average participant cash contribution per active participant + average employer cash contribution per active participant
FYE 401(K) Savings Plan has these standings among those 1,425 peer plans:
- average employer+participant cash contribution per active participant = $200 (3rd-lowest)
- average participant cash contribution per active participant = $199.80 (6th-lowest)
- average employer cash contribution per active participant = $0.00 (the lowest, tied)
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Peers
better than UFCW Local 152 Savings Plan in Mount Laurel, NJ ($105) and Variety Wholesalers, Inc. Retirement Savings 401(K) Plan in Henderson, NC ($112).
trailed GPM Investments 401(K) Plan in Richmond, VA ($234), Scheels All Sports, Inc. 401(K) Plan in Fargo, ND ($358), Cosa Nova Holdings, Inc. 401(K) Plan in North Bergen, NJ ($418), and Ollie's Bargain Outlet, Inc. 401(K) Retirement Plan in Harrisburg, PA ($515), and others, ending with Von Housens Motors A California Corp 401k Shared Savings Plan in Sacramento, CA ($1,723,155).
trailed GPM Investments 401(K) Plan in Richmond, VA ($234), Scheels All Sports, Inc. 401(K) Plan in Fargo, ND ($358), Cosa Nova Holdings, Inc. 401(K) Plan in North Bergen, NJ ($418), and Ollie's Bargain Outlet, Inc. 401(K) Retirement Plan in Harrisburg, PA ($515), and others, ending with Von Housens Motors A California Corp 401k Shared Savings Plan in Sacramento, CA ($1,723,155).
References
- average employer+participant cash contribution per active participant. Higher values are better. Average employer+participant cash contribution per active participant equals the sum of cash contributions from employers, Line 2a(1)(A), plus cash contributions from participants, Line 2a(1)(B), both from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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 economic sector is. The economic sector is the first two 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.