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Benchmarking Maples Industries, Inc. 401(K) Profit Sharing Plan in Scottsboro, AL against all plans

 

Maples Industries, Inc. 401(K) Profit Sharing Plan in Scottsboro, AL has the least participant loans as a percentage of plan assets (0.00%) among the 56 plans within 50 miles. That 0.00% compares to an average of 0.95% across those 56 plans.

Beating the average of 0.95% means a savings of $163,240 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Maples Industries, Inc. 401(K) Profit Sharing Plan has these standings among those 56 peer plans:

  • participant loans as a percentage of plan assets = 0.00% (the least, tied)

  • participant loans = $0 (the least in, tied)

  • total assets = $17,270,793 (26th-least)

Visualize

 
 

Peers

tied with A-P-T Research, Inc. 401(K) Plan in Huntsville, AL, Wilson Lumber Company, Inc. 401(K) Profit Sharing Plan in Huntsville, AL, Showa Best Glove, Inc 401(K) Plan in Menlo, GA, Baron Weather, Inc. 401(K) Plan in Huntsville, AL, and 6 others, all with 0.00%.

beat Interfuze Corporation 401(K) Plan in Huntsville, AL (0.15%), Intersign Corporation Profit Sharing Plan in Chattanooga, TN (0.27%), S.E.A. Wire & Cable, Inc. 401(K) Asset Accumulation Retirement Plan in Madison, AL (0.31%), and Chambliss, Bahner, & Stophel, P.C. Retirement Plan in Chattanooga, TN (0.41%), and 41 others, ending with Nippon Shokubai America Industries, Inc. Retirement and 401(K) Savings Plan in Chattanooga, TN (3.04%).

References

  1. 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.
  2. 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.