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Benchmarking Advomas 401(K) Plan in Troy, MI against all plans

 

Advomas 401(K) Plan in Troy, MI has the 3rd-highest average account balance ($58,106) of the 343 plans whose industry group is Individual and Family Services. That $58,106 compares to an average of $18,899 across those 343 plans.

Beating the average of $18,899 means an extra $3,410,996 in total assets.

Note: average account balance = total assets ÷ total participants

Advomas 401(K) Plan has these standings among those 343 peer plans:

  • average account balance = $58,106 (3rd-highest)

  • total assets = $5,055,205 (117th-most)

  • total participants = 87 (the fewest, tied)

Visualize

 
 

Peers

beat out by Employee Benefit Plan of Alliance for Strong Families and Communities, Inc. in Milwaukee, WI ($70,745) and Family and Childrens Center, Inc. 401(K) Savings Plan in La Crosse, WI ($64,067).

beat North Shore Senior Center 401(K) Plan in Northfield, IL ($56,777), Health Leads, Inc. 401(K) Profit Sharing Plan in Boston, MA ($56,724), Nextstep for Life, Inc. Progress Sharing Plan in Mapaville, MO ($54,924), and P.R.O.C.E.E.D. Inc. 401(K) Plan in Elizabeth, NJ ($51,741), and 336 others, ending with Ro Health 401(K) Plan in Seattle, WA ($846).

References

  1. 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.
  2. 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.