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Benchmarking MDX Medical, Inc. 401(K) Plan in Lyndhurst, NJ against all plans

 

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.

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Peers

outdone by Persado, Inc. 401(K) Retirement Plan and Trust in New York, NY (321), BCM One, Inc. 401(K) Plan in New York, NY (297), Star Inc., Lighting The Way 401(K) Plan in Norwalk, CT (281), and Maesa Group 401(K) Retirement Plan in New York, NY (280).

outdid Nychsro/Medreview, Inc 401(K) Plan in New York, NY (267), Harms Software, Inc. 401(K) Plan in Parsippany, NJ (263), Splice 401(K) Plan in New York, NY (259), and Childsmiles Group 401(K) Profit Sharing Plan in Roseland, NJ (252), and 149 others, ending with Atlantic Home Loans Retirement Savings Plan in Parsippany, NJ (50).

References

  1. 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.
  2. 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.
  3. 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.

    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.