Benchmarking C.G. Bretting Manufacturing Company, Inc. Union Employees 401(K) Savings Plan in Ashland, WI against all plans
C.G. Bretting Manufacturing Company, Inc. Union Employees 401(K) Savings Plan in Ashland, WI has the least participant loans as a percentage of plan assets (0.00%) among the 70 plans whose industry group is Industrial Machinery Manufacturing and don't provide for automatic enrollment. That 0.00% compares to an average of 1.13% across those 70 plans.
Beating the average of 1.13% means a savings of $290,786 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
C.G. Bretting Manufacturing Company, Inc. Union Employees 401(K) Savings Plan has these standings among those 70 peer plans:
Beating the average of 1.13% means a savings of $290,786 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
C.G. Bretting Manufacturing Company, Inc. Union Employees 401(K) Savings Plan has these standings among those 70 peer plans:
- participant loans as a percentage of plan assets = 0.00% (the least, tied)
- participant loans = $0 (the least in, tied)
- total assets = $25,652,210 (20th-most)
Visualize
Peers
tied with Dynamic Air Inc. 401(K) Plan in St. Paul, MN, Idaho Steel Products, Inc. Profit Sharing 401(K) Retirement Savings Plan in Idaho Falls, ID, Alliance Industrial Corporation Retirement Savings Plan in Lynchburg, VA, Card-Monroe Corp. 401(K) Plan in Hixson, TN, and 7 others, all with 0.00%.
beat Cornerstone Wauseon 401(K) Plan in Wauseon, OH (0.05%), KVAL, Inc. 401(K) and Profit Sharing Plan in Petaluma, CA (0.23%), Valco Cincinnati, Inc. 401(K) Profit Sharing Plan in Cincinnati, OH (0.31%), and Venturedyne Ltd Salaried Defferral Investment Plan in Pewaukee, WI (0.32%), and 54 others, ending with Hytrol Conveyor Company, Inc. 401(K) Retirement Plan in Jonesboro, AR (3.94%).
beat Cornerstone Wauseon 401(K) Plan in Wauseon, OH (0.05%), KVAL, Inc. 401(K) and Profit Sharing Plan in Petaluma, CA (0.23%), Valco Cincinnati, Inc. 401(K) Profit Sharing Plan in Cincinnati, OH (0.31%), and Venturedyne Ltd Salaried Defferral Investment Plan in Pewaukee, WI (0.32%), and 54 others, ending with Hytrol Conveyor Company, Inc. 401(K) Retirement Plan in Jonesboro, AR (3.94%).
References
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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.
- participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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.