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Benchmarking Peterson Farms 401(K) Retirement Plan in Shelby, MI against all plans

 

In Michigan with its 779 plans, Peterson Farms 401(K) Retirement Plan in Shelby, MI has the lowest average account balance ($13,701) of the 678 plans (from those 779) with at most 688 active participants (Peterson Farms 401(K) Retirement Plan is at 669). That $13,701 compares to an average of $76,574 across those 678 plans.

Reaching the average of $76,574 would imply an extra $71,927,120 in total assets.

Note: average account balance = total assets ÷ total participants

Peterson Farms 401(K) Retirement Plan has these standings among those 678 peer plans:

  • average account balance = $13,701 (the lowest)

  • total assets = $15,673,479 (254th-least)

  • total participants = 1,144 (the most)

Visualize

 
 

Peers

trailed Ross Education Holdings, Inc. Profit Sharing & 401(K) Plan in Clinton Twp, MI ($13,805), Pace Southeast Michigan 401(K) Plan in Southfield, MI ($15,188), Bronson 401(K) Retirement Plan in Kalamazoo, MI ($15,371), and Grand Traverse Band Economic Development Corporation 401(K) Savings Plan in Peshawbestown, MI ($15,602), and 673 others, ending with Wolverine Packing Company Flexible Compensation Plan in Detroit, MI ($362,276).

References

  1. 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.
  2. in state. 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. active participants. Total number of active participants at the end of the plan year, Line 6a(2) in 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.