Benchmarking Trantech Radiator Products, Inc. 401(K) Plan in Edgefield, SC against all plans
Of the 82 plans whose industry group is Steel Product Manufacturing from Purchased Steel, Trantech Radiator Products, Inc. 401(K) Plan in Edgefield, SC is one of just 12 that are better than the overall participant averages in each of net income per total participant, average account balance, and total administrative expense per participant.
Trantech Radiator Products, Inc. 401(K) Plan has these standings among those 82 peer plans plus nationwide comparisons:
Trantech Radiator Products, Inc. 401(K) Plan has these standings among those 82 peer plans plus nationwide comparisons:
- net income per total participant = $7,167 (15th-highest)
the nationwide average is $2,940 - average account balance = $56,780 (11th-highest)
the nationwide average is $26,934 - average participant cash contribution per active participant = $2,653 (35th-highest)
the nationwide average is $3,162 - average employer cash contribution per active participant = $513.50 (24th-lowest)
the nationwide average is $1,148 - total administrative expense per participant = $30.33 (20th-lowest)
the nationwide average is $119.29
Peers
with Taiho Corporation of America 401(K) Plan in Tiffin, OH, HMF 401k Retirement Plan in Salem, OH, Timely Industries 401(K) Plan in Pacoima, CA, and FSF Manufacturing, Inc. 401k Salary Reduction Plan and Trust in Oviedo, FL, and 7 others.
References
- 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.
- 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.