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Benchmarking Midwest Transit Equipment, Inc. Profit Sharing 401(K) Plan and Trust in Kankakee, IL against all plans

 

Midwest Transit Equipment, Inc. Profit Sharing 401(K) Plan and Trust in Kankakee, IL has the 12th-highest yield on beginning-of-plan-year total assets (-13.86%) among the 61 plans within 50 miles that are an ERISA section 404(c) plan, don't provide for automatic enrollment, and have 100 to 499 total participants. That -13.86% compares to an average of -15.87% across those 61 plans.

Beating the average of -15.87% means an extra $668,492 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Midwest Transit Equipment, Inc. Profit Sharing 401(K) Plan and Trust has these standings among those 61 peer plans:

  • yield on beginning-of-plan-year total assets = -13.86% (12th-highest)

  • net earnings on investments = -$4,604,767 (19th-lowest)

  • total assets at beginning of plan year = $33,224,671 (14th-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $986,282

  • cash contributions from employers = $524,556

  • total contributions = $1,526,574

Visualize

 
 

Peers

beat out by Charms Employees Retirement and Savings Plan in Chicago, IL (-8.21%), Parkview Orthopaedic Group, S.C. Profit Sharing Plan and Trust in Palos Heights, IL (-8.52%), Hercules Forwarding, Inc. Retirement Plan in Hickory Hills, IL (-9.33%), and S & S Automotive, Inc. Employees' 401(K) and Profit Sharing Plan in Woodridge, IL (-9.35%), and 7 others, ending with Darvin Furniture Employees 401k Profit Sharing Plan in Orland Park, IL (-13.17%).

beat Crown Corr, Inc. 401(K) Plan in Gary, IN (-14.09%), Windy City Wire 401(K) Plan in Bolingbrook, IL (-14.13%), Dober Chemical Corporation Employees' 401(K) Plan in Woodridge, IL (-14.61%), and American Stair Corporation 401(K) Employee Retirement Plan in Hammond, IN (-14.71%), and others, ending with Daubert Industries, Inc. Profit Sharing Plan in Burr Ridge, IL (-22.05%).

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. an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F 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.
  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.
  5. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.