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Benchmarking Academy Collective Bargaining Employee Plan in Hoboken, NJ against all plans

 

Academy Collective Bargaining Employee Plan in Hoboken, NJ has the highest diversity of asset types (29.4%) among all the 21 plans whose industry group is Charter Bus Industry. That 29.4% compares to an average of 10.5% across those 21 plans.

Academy Collective Bargaining Employee Plan has these standings among those 21 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 29.4% (the highest)

  • receivables - employer contributions = $53,099 (4th-most)

  • receivables - participant contributions = $2,963 (6th-most)

  • participant loans = $204,677 (2nd-most)

  • value of interest in common/collective trusts = $1,259,280 (2nd-highest)

  • value of interest in registered investment companies (e.g., mutual funds) = $1.90M (8th-highest)

Visualize

 
 

Peers

beat Decamp Bus Lines 401(K) Plan for Union Employees in Montclair, NJ (27.4%), West Point Tours, Inc. 401(K) Retirement Plan in Vails Gate, NY (18.1%), Dufour Escorted Tours, Inc. 401(K) Plan in Hinsdale, MA (16.4%), and Holiday Tours 401(K) Plan in Randleman, NC (16.2%), and 16 others, ending with Mlaker LLC 401(K) Plan in Davidsville, PA (0.0%).

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. 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.