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Benchmarking Flex-N-Gate Shelby Union No.400 401(K) Plan in Shelby Twp, MI against all plans

 

Flex-N-Gate Shelby Union No.400 401(K) Plan in Shelby Twp, MI has the highest diversity of asset types (18.5%) among the 21 plans with at most $1,334,717 in total assets and that are in Michigan and have 100 to 499 total participants. That 18.5% compares to an average of 6.2% across those 21 plans.

Flex-N-Gate Shelby Union No.400 401(K) Plan has these standings among those 21 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 18.5% (the highest)

  • receivables - employer contributions = $208,635 (the most)

  • participant loans = $26,322 (6th-most)

  • value of interest in common/collective trusts = $15,066 (3rd-highest)

  • value of interest in registered investment companies (e.g., mutual funds) = $1.10M (5th-highest, tied)

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Peers

after Flex-N-Gate Shelby Union No.400 401(K) Plan in Shelby Twp, MI (18.5%, $1,334,717), closest are Carnival Employment Services 401(K) P/S Plan in Ottawa Lake, MI (17.6%, $1,288,750), Hudson A Professional Corporat 401(K) Profit Sharing Plan & Trust in Ann Arbor, MI (16.4%, $1,072,679), Fortis Payment Systems LLC 401(K) Profit Sharing Plan & Trust in Novi, MI (8.2%, $1,287,542), and Greenway Products & Service 401(K) Profit Sharing Plan and Trust in Grand Rapids, MI (8.0%, $1,054,961), ending with Michigan Produce Haulers, Inc. 401(K) Profit Sharing Plan in Fremont, MI (0.1%, $1,167,750).

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. 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.
  3. total assets. At end of plan year. Line 1f(b) from Schedule H. 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. 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.