Plans » Benchmarking Engine
Benchmarking Salon Buzz Retirement Plan in Chicago, IL against
good (10)
neutral (1)
Salon Buzz Retirement Plan in Chicago, IL has the 3rd-highest average account balance ($86,297) of the 889 plans whose economic sector is Other Services (except Public Administration). That $86,297 compares to an average of $25,609 across those 889 plans.
Beating the average of $25,609 means an extra $6,736,362 in total assets.
Note: average account balance = total assets ÷ total participants
Salon Buzz Retirement Plan has these standings among those 889 peer plans:
Beating the average of $25,609 means an extra $6,736,362 in total assets.
Note: average account balance = total assets ÷ total participants
Salon Buzz Retirement Plan has these standings among those 889 peer plans:
- average account balance = $86,297 (3rd-highest)
- total assets = $9,578,985 (20th-most)
- total participants = 111 (73rd-fewest, tied)
- 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-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 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-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.
Salon Buzz Retirement Plan in Chicago, IL is in Chicago, IL, its EIN is 364241110, its industry group is Personal Care Services, its plan administrator is Aldona Rackauskas, 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 812112, has 100 to 499 total participants, is better 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 better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and total administrative expense per 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.
Global References
Numeric values:
- net assets (assets minus liabilities) ($9.60M)
- total assets ($9,578,985)
- value of interest in registered investment companies (e.g., mutual funds) ($9.30M)
- total assets at beginning of plan year ($8,186,732)
- total income ($1,678,534)
- net income ($1,392,253)
- earnings on investments ($1,209,309)
- net earnings on investments ($1,209,309)
- cash contributions from participants ($464,475)
- total contributions ($464,475)
- total expenses ($286,281)
- value of interest in common/collective trusts ($195,706)
- average account balance ($86,297)
- participant loans ($35,771)
- net income per total participant ($12,543)
- corrective distributions ($9,707)
- average participant cash contribution per active participant ($5,530)
- other administrative expenses ($4,900)
- total administrative expenses ($4,900)
- total administrative expense per participant ($44.14)
- 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)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($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 (75.7%)
- yield on beginning-of-plan-year total assets (14.77%)
- diversity of asset types (3.9%)
- participant loans as a percentage of plan assets (0.37%)
- total administrative expense ratio (0.051%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (84)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (111)
- other retired or separated participants entitled to future benefits (27)
- retired or separated participants receiving benefits (0)
- total participants (111)
Global References