Plans » Benchmarking Engine
Benchmarking Maxhealth 401(K) Plan in Sarasota, FL against
good (7)
neutral (1)
Maxhealth 401(K) Plan in Sarasota, FL has the 7th-highest net income per total participant ($9,257) of the 240 plans within 50 miles. That $9,257 compares to an average of $1,390 across those 240 plans.
Beating the average of $1,390 means an extra $2,139,666 in net income.
Note: net income per total participant = net income ÷ total participants
Maxhealth 401(K) Plan has these standings among those 240 peer plans:
Beating the average of $1,390 means an extra $2,139,666 in net income.
Note: net income per total participant = net income ÷ total participants
Maxhealth 401(K) Plan has these standings among those 240 peer plans:
- net income per total participant = $9,257 (7th-highest)
- net income = $2,517,789 (12th-highest)
- total participants = 272 (86th-most, tied)
- net income per total participant. Higher values are better. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, 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.
Maxhealth 401(K) Plan in Sarasota, FL is in Sarasota, FL, its EIN is 205283786, its industry group is Offices of Physicians, its plan administrator is Amanda Lewis, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 621111, 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 employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- net assets (assets minus liabilities) ($9.50M)
- total assets ($9,465,200)
- value of interest in registered investment companies (e.g., mutual funds) ($9.40M)
- total assets at beginning of plan year ($6,947,411)
- total income ($3,165,505)
- net income ($2,517,789)
- total contributions ($2,105,479)
- cash contributions from participants ($1,103,785)
- earnings on investments ($1,060,026)
- net earnings on investments ($1,005,795)
- total expenses ($647,716)
- cash contributions from employers ($485,188)
- total administrative expenses ($68,457)
- investment advisory and management fees ($54,231)
- average account balance ($34,798)
- receivables participant contributions ($34,362)
- receivables employer contributions ($16,969)
- contract administrator fees ($14,226)
- net income per total participant ($9,257)
- average participant cash contribution per active participant ($5,017)
- average employer cash contribution per active participant ($2,205)
- total administrative expense per participant ($251.68)
- 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)
- participant loans ($0)
- value of interest in common/collective trusts ($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)
- other administrative expenses ($0)
- asset transfers to this plan ($0)
- asset transfers from this plan ($0)
- percentage of active participants (80.9%)
- yield on beginning-of-plan-year total assets (14.48%)
- diversity of asset types (1.2%)
- total administrative expense ratio (0.720%)
- participant loans as a percentage of plan assets (0.00%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (220)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (272)
- other retired or separated participants entitled to future benefits (52)
- retired or separated participants receiving benefits (0)
- total participants (272)
Global References