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Benchmarking Rignet, Inc. 401(K) Plan in Houston, TX against all plans

 

Rignet, Inc. 401(K) Plan in Houston, TX has the 9th-biggest drop in total assets during the plan year (-26.3%) among the 181 plans within 50 miles that don't provide for automatic enrollment and have 100 to 499 total participants. That -26.3% compares to an average of -13.2% across those 181 plans.

Coming in under the average of -13.2% corresponds to a decrease of $3,300,665 in total assets.

Rignet, Inc. 401(K) Plan has these standings among those 181 peer plans related to total assets:

  • growth in total assets during the plan year = -26.3% (9th-lowest)

  • total assets at beginning of plan year = $25,185,940 (53rd-most)

  • total assets = $18,563,960 (71st-most)

  • asset transfers to the plan = $0 (the least in, tied)

  • asset transfers from the plan = $0 (the least in, tied)

  • cash contributions from participants = $1,021,696 (81st-least)

  • cash contributions from employers = $413,001 (68th-least)

  • total contributions = $1,434,718 (64th-least)

  • net income = -$6,621,980 (25th-lowest)

  • net earnings on investments = -$4,453,486 (49th-lowest)

  • yield on beginning-of-plan-year total assets = -17.68% (55th-lowest)

Visualize

 
 

Peers

outdone by Lloyd's Register 401(K) Plan in Houston, TX (-42.8%), Valvtechnologies Employees 401(K) Profit Sharing Plan & Trust - 755521-01 in Houston, TX (-37.4%), Fircroft Inc. 401(K) Plan in Houston, TX (-36.7%), and Sirius Solutions, LLLP 401(K) Plan in Houston, TX (-29.3%), and 4 others, ending with GHG Corporation 401(K) Retirement Plan & Trust in Webster, TX (-26.5%).

outdid M & H Enterprises, Inc. 401(K) Plan in Spring, TX (-25.8%), Greene's Energy Group, L.L.C. 401(K) Plan in Houston, TX (-25.4%), Ham, Langston & Brezina, LLP 401(K) Profit Sharing Plan and Trust in Houston, TX (-25.2%), and Advario North American LLC Defined Contribution Retirement Plan in Houston, TX (-24.9%), and 168 others, ending with Colt Services, LP 401(K) Profit Sharing Plan in La Porte, TX (65.5%).

References

  1. 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.
  2. growth in total assets during the plan year. Growth in total assets during the plan year equals the percentage change in total assets at end of plan year (Line 1f(b) from Schedule H) as compared to the total assets at beginning of plan year (Line 1f(a) from Schedule H. To qualify for growth in total assets during the plan year, the number of total assets at beginning of plan year 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.
  3. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.
  4. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.