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Benchmarking Amick Farms, LLC 401(K) Plan in Batesburg, SC against all plans

 

Amick Farms, LLC 401(K) Plan in Batesburg, SC has the 5th-lowest average account balance ($8,783) of the 2,198 plans that provide for automatic enrollment and whose economic sector is Manufacturing. That $8,783 compares to an average of $66,792 across those 2,198 plans.

Reaching the average of $66,792 would imply an extra $222,869,984 in total assets.

Note: average account balance = total assets ÷ total participants

Amick Farms, LLC 401(K) Plan has these standings among those 2,198 peer plans:

  • average account balance = $8,783 (5th-lowest)

  • total assets = $33,743,095 (441st-most)

  • total participants = 3,842 (3rd-most)

Visualize

 
 

Peers

better than Awp, Inc. 401(K) Plan in North Canton, OH ($2,196), Purfoods, LLC dba Mom's Meals 401(K) Plan in Ankeny, IA ($5,611), Yapp USA Automotive Systems, Inc. Retirement Savings Plan in Gallatin, TN ($6,422), and The Scott Fetzer Hourly Employee 401(K) Plan in Westlake, OH ($8,647).

trailed Retirement Savings Plan of O. K. Foods, Inc. in Fort Smith, AR ($9,212), Mazda Toyota Manufacturing, U. S. A. 401(K) Plan in Huntsville, AL ($9,566), Englert, Inc. Profit Sharing Plan & Trust in Perth Amboy, NJ ($9,754), and Nyx, Inc. & Affiliates 401(K) Plan in Plymouth, MI ($9,784), and others, ending with Wolverine Packing Company Flexible Compensation Plan in Detroit, MI ($362,276).

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. 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.
  3. whose economic sector is. The economic sector is the first two 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.