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Benchmarking International Bullion Retirement Plan in Sunrise, FL against all plans

 

International Bullion Retirement Plan in Sunrise, FL has the 11th-highest diversity of asset types (17.5%) among the 47 plans in Florida that don't provide for automatic enrollment, whose economic sector is Wholesale Trade, and have 100 to 499 total participants. That 17.5% compares to an average of 10.9% across those 47 plans.

International Bullion Retirement Plan has these standings among those 47 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 17.5% (11th-highest)

  • receivables - employer contributions = $135,606 (3rd-most)

  • receivables - participant contributions = $4,418 (6th-most)

  • participant loans = $53,897 (19th-least)

  • value of interest in pooled separate accounts = $4,595,700 (6th-highest)

  • value of funds held in insurance company general account (unallocated contracts) = $710,900 (8th-highest)

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Peers

beat out by South Florida Auto Auction 401k Plan in Longwood, FL (31.9%), Stephens Distributing 401(K) Profit Sharing Plan in Fort Lauderdale, FL (30.2%), Hydrologic Distribution Company 401k Plan in Pinellas Park, FL (29.1%), and Falcon Farms, Inc. 401(K) Plan in Miami, FL (22.2%), and 6 others, ending with Diamond R Fertilizer Co., Inc. Profit Sharing Plan in Fort Pierce, FL (18.9%).

beat Sun Commodities 401(K) Plan in Pompano Beach, FL (17.4%), Cousin Corporation of America 401(K) Savings Plan in Largo, FL (16.9%), Usa Bouquet LLC 401(K) Plan in Miami, FL (15.5%), and First Nation Group LLC 401(K) Profit Sharing Plan & Trust in Niceville, FL (14.4%), and 32 others, ending with Palmdale Oil Company 401k in Fort Pierce, FL (1.4%).

References

  1. 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.
  2. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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. 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.
  4. in state. 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.
  5. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.