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Benchmarking Academy Collective Bargaining Employee Plan in Hoboken, NJ against
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Academy Collective Bargaining Employee Plan in Hoboken, NJ has the highest diversity of asset types (29.4%) among all the 21 plans whose industry group is Charter Bus Industry. That 29.4% compares to an average of 10.5% across those 21 plans.
Academy Collective Bargaining Employee Plan has these standings among those 21 peer plans related to asset types (values of zero are not shown):
Academy Collective Bargaining Employee Plan has these standings among those 21 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 29.4% (the highest)
- receivables - employer contributions = $53,099 (4th-most)
- receivables - participant contributions = $2,963 (6th-most)
- participant loans = $204,677 (2nd-most)
- value of interest in common/collective trusts = $1,259,280 (2nd-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $1.90M (8th-highest)
beat Decamp Bus Lines 401(K) Plan for Union Employees in Montclair, NJ (27.4%), West Point Tours, Inc. 401(K) Retirement Plan in Vails Gate, NY (18.1%), Dufour Escorted Tours, Inc. 401(K) Plan in Hinsdale, MA (16.4%), and Holiday Tours 401(K) Plan in Randleman, NC (16.2%), and 16 others, ending with Mlaker LLC 401(K) Plan in Davidsville, PA (0.0%).
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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.
- whose industry group is. The industry group is the first four 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-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.
Academy Collective Bargaining Employee Plan in Hoboken, NJ is in New Jersey, its EIN is 223765142, its industry group is Charter Bus Industry, its plan administrator is Francis Tesdesco, is a profit-sharing plan, collectively-bargained, 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 485510, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and yield on beginning-of-plan-year total assets (4 total), is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is lower than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
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Numeric values:
- total assets at beginning of plan year ($4,274,872)
- total assets ($3,423,438)
- net assets (assets minus liabilities) ($3.40M)
- value of interest in registered investment companies (e.g., mutual funds) ($1.90M)
- total expenses ($1,406,941)
- value of interest in common/collective trusts ($1,259,280)
- total income ($555,507)
- earnings on investments ($337,570)
- net earnings on investments ($334,043)
- total contributions ($217,937)
- participant loans ($204,677)
- cash contributions from participants ($164,838)
- receivables employer contributions ($53,099)
- cash contributions from employers ($53,099)
- average account balance ($25,548)
- total administrative expenses ($5,107)
- investment advisory and management fees ($3,527)
- receivables participant contributions ($2,963)
- average participant cash contribution per active participant ($1,939)
- other administrative expenses ($1,580)
- average employer cash contribution per active participant ($624.70)
- total administrative expense per participant ($38.11)
- total noninterest-bearing cash ($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)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- net income per total participant (-$6,354)
- net income (-$851,434)
- percentage of active participants (63.4%)
- diversity of asset types (29.4%)
- yield on beginning-of-plan-year total assets (7.81%)
- participant loans as a percentage of plan assets (5.98%)
- total administrative expense ratio (0.150%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (85)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (134)
- other retired or separated participants entitled to future benefits (49)
- retired or separated participants receiving benefits (0)
- total participants (134)
Global References