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Benchmarking Flexe, Inc. 401(K) Plan in Seattle, WA against all plans

 

Flexe, Inc. 401(K) Plan in Seattle, WA has the lowest average account balance ($14,127) of the 4,025 plans with at least $8,657 in average participant cash contribution per active participant (Flexe, Inc. 401(K) Plan is at $10,606).

That is, among those 4,025 plans that do well on one measure, Flexe, Inc. 401(K) Plan does least well on a related measure. That $14,127 compares to an average of $113,232 across those 4,025 plans.

Reaching the average of $113,232 would imply an extra $107,231,072 in total assets.

Note: average account balance = total assets รท total participants

Flexe, Inc. 401(K) Plan has these standings among those 4,025 peer plans:

  • average account balance = $14,127 (the lowest)

  • total assets = $15,285,782 (859th-least)

  • total participants = 1,082 (48th-most)

Visualize

 
 

Peers

trailed View The Space, Inc. 401(K) Plan in New York, NY ($14,513), Mural 401(K) Plan in San Francisco, CA ($16,288), John L. Sullivan Chevrolet, Inc. 401(K) Profit Sharing Plan in Roseville, CA ($17,097), and Babylon 401(K) Plan in Wilmington, DE ($17,272), and 4,020 others, ending with Hinman, Howard & Kattell, LLP Profit Sharing Plan and Trust No. 2 in Binghamton, NY ($8,057,930).

Taking Action

Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.

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. average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.