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Benchmarking Benada Aluminum Products 401(K) Plan in Sanford, FL against all plans

 

Benada Aluminum Products 401(K) Plan in Sanford, FL has the 5th-highest average participant cash contribution per active participant ($3,178) of the 32 plans whose industry group is Alumina and Aluminum Production and Processing. That $3,178 compares to an average of $2,335 across those 32 plans.

Beating the average of $2,335 means an extra $93,615 in participant cash contributions.

Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants

Benada Aluminum Products 401(K) Plan has these standings among those 32 peer plans:

  • average participant cash contribution per active participant = $3,178 (5th-highest)

  • cash contributions from participants = $352,784 (11th-most)

  • active participants = 111 (9th-fewest)

Visualize

 
 

Peers

beat out by Smart Solutions, Inc. Employees 401(K) Plan in Monona, WI ($6,796), Profile Extrusion Company 401(K) Plan in Louisville, KY ($4,554), Superior Extrusion, Inc. 401(K) Plan in Gwinn, MI ($4,245), and Profile Custom Extrusions 401(K) Plan in Rome, GA ($3,351).

beat Staiman Brothers, Inc. 401k Plan in Williamsport, PA ($2,988), Aleris 401(K) Plan for G.M.P. and Allied Workers, Local 210, Uhrichsville, Oh in Atlanta, GA ($2,759), Dicastal North America, Inc. 401k Plan & Trust in Greenville, MI ($2,667), and Nanshan America AAT Retirement Plan in Lafayette, IN ($2,619), and others, ending with Anderton Castings, LLC 401(K) Plan in Troy, TX ($343.00).

References

  1. 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.
  2. average participant cash contribution per active participant. Higher values are better. 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. 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.