Benchmarking IHC Construction Companies, LLC Profit Sharing & Savings Plan in Elgin, IL against all plans
IHC Construction Companies, LLC Profit Sharing & Savings Plan in Elgin, IL has the 5th-highest average account balance ($153,097) of the 133 plans whose industry group is Nonresidential Building Construction and provide for automatic enrollment. That $153,097 compares to an average of $77,388 across those 133 plans.
Beating the average of $77,388 means an extra $9,842,113 in total assets.
Note: average account balance = total assets ÷ total participants
IHC Construction Companies, LLC Profit Sharing & Savings Plan has these standings among those 133 peer plans:
Beating the average of $77,388 means an extra $9,842,113 in total assets.
Note: average account balance = total assets ÷ total participants
IHC Construction Companies, LLC Profit Sharing & Savings Plan has these standings among those 133 peer plans:
- average account balance = $153,097 (5th-highest)
- total assets = $19,902,610 (59th-most)
- total participants = 130 (7th-fewest)
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Peers
beat out by Fortney & Weygandt Inc. 401(K) Profit Sharing Plan in N Olmsted, OH ($204,779), Mascaro Services, Inc. 401(K)/Profit Sharing Plan in Pittsburgh, PA ($181,050), Matt Construction 401(K) Plan in Santa Fe Springs, CA ($180,529), and Erland Construction, Inc. 401(K) Plan in Burlington, MA ($168,495).
beat Bayley Construction Profit Sharing and 401(K) Plan in Mercer Island, WA ($150,090), Clark Construction Company, Inc. Profit-Sharing Retirement Plan in Lansing, MI ($147,559), J.T. Magen & Company Inc. 401k Plan in New York, NY ($146,093), and Lee Kennedy Co, Inc. 401(K) and Profit Sharing Plan in Quincy, MA ($141,223), and 124 others, ending with M. A. Mortenson Company Retirement Savings Plan and Trust for Trade Employees in Minneapolis, MN ($7,625).
beat Bayley Construction Profit Sharing and 401(K) Plan in Mercer Island, WA ($150,090), Clark Construction Company, Inc. Profit-Sharing Retirement Plan in Lansing, MI ($147,559), J.T. Magen & Company Inc. 401k Plan in New York, NY ($146,093), and Lee Kennedy Co, Inc. 401(K) and Profit Sharing Plan in Quincy, MA ($141,223), and 124 others, ending with M. A. Mortenson Company Retirement Savings Plan and Trust for Trade Employees in Minneapolis, MN ($7,625).
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.
- 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.