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Benchmarking Bernier Carr and Associates 401(K) Plan in Watertown, NY against all plans

 

In the Mid Atlantic with its 3,961 plans, Bernier Carr and Associates 401(K) Plan in Watertown, NY has the lowest average account balance ($90,146) of the 124 plans (from those 3,961) with as few living participants (116). That $90,146 compares to an average of $241,110 across those 124 plans.

Reaching the average of $241,110 would imply an extra $17,511,848 in total assets.

Note: average account balance = total assets รท total participants

Bernier Carr and Associates 401(K) Plan has these standings among those 124 peer plans:

  • average account balance = $90,146 (the lowest)

  • total assets = $10,456,966 (8th-least)

  • total participants = 116 (2nd-most, tied)

Visualize

 
 

Peers

trailed SSM Group, Inc. 401(K) Profit Sharing Plan in Reading, PA ($92,367), W. M. Schultz Construction, Inc. Profit Sharing 401(K) Plan in Ballston Spa, NY ($94,381), Rail Europe North America Inc. Retirement Savings 401(K) Plan in White Plains, NY ($94,494), and First Consulting, Inc. 401(K) Savings Plan in Rochester, NY ($95,742), and others, ending with Hinman, Howard & Kattell, LLP Profit Sharing Plan and Trust No. 2 in Binghamton, NY ($8,057,930).

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 region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). 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. living participants. Total of active, retired, or separated participants who are still living. Line 6d 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.