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Benchmarking MDX Medical, Inc. 401(K) Plan in Lyndhurst, NJ against
MDX Medical, Inc. 401(K) Plan in Lyndhurst, NJ has the 5th-most total participants (271) of the 158 plans within 50 miles that are better than the overall participant averages in each of average account balance, active-participant contributions per head, and total administrative expense per participant. Those 271 compare to an average of 161.4 across the 158 plans.
- are better than the overall participant averages in. Bigger sets are better. (1) The average nationwide value of net income per total participant is $2,940, so better is above that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $26,934, so better is above that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $3,162, so better is above that. 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. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $1,148, so better is above that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $119.29, so better is below that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total participants. Sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits. Line 6f of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
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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.
MDX Medical, Inc. 401(K) Plan in Lyndhurst, NJ is in New Jersey, its EIN is 263441881, its industry group is Navigational, Measuring, Electromedical, and Control Instruments Manufacturing, its plan administrator is Alexis Kaufman-Parello, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 334500, has 100 to 499 total participants, and is better than the overall participant averages in each of average account balance, active-participant contributions per head, and total administrative expense per participant.
Global References
Numeric values:
- total assets ($9,514,275)
- net assets (assets minus liabilities) ($9.50M)
- total assets at beginning of plan year ($9,428,959)
- value of interest in registered investment companies (e.g., mutual funds) ($9.10M)
- total income ($2,682,228)
- total expenses ($2,596,912)
- earnings on investments ($1,401,186)
- net earnings on investments ($1,401,186)
- total contributions ($1,280,602)
- cash contributions from participants ($1,104,618)
- value of interest in common/collective trusts ($345,951)
- net income ($85,316)
- average account balance ($35,108)
- contract administrator fees ($30,106)
- total administrative expenses ($30,106)
- participant loans ($30,104)
- average participant cash contribution per active participant ($5,876)
- net income per total participant ($314.80)
- total administrative expense per participant ($111.09)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- cash contributions from employers ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- average employer cash contribution per active participant ($0.00)
- percentage of active participants (69.4%)
- yield on beginning-of-plan-year total assets (14.86%)
- diversity of asset types (5.6%)
- participant loans as a percentage of plan assets (0.32%)
- total administrative expense ratio (0.320%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (188)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (271)
- other retired or separated participants entitled to future benefits (83)
- retired or separated participants receiving benefits (0)
- total participants (271)
Global References