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Benchmarking JM Mechanical, LLC 401(K) Plan in Hyde Park, UT against all plans

 

JM Mechanical, LLC 401(K) Plan in Hyde Park, UT has the 8th-highest yield on beginning-of-plan-year total assets (16.68%) among the 31 plans within 50 miles. That 16.68% compares to an average of 14.97% across those 31 plans.

Beating the average of 14.97% means an extra $34,899 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) รท total assets at beginning of plan year

JM Mechanical, LLC 401(K) Plan has these standings among those 31 peer plans:

  • yield on beginning-of-plan-year total assets = 16.68% (8th-highest)

  • net earnings on investments = $339,812 (10th-lowest)

  • total assets at beginning of plan year = $2,037,426 (8th-least)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to this plan = $0

  • asset transfers from this plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $181,120

  • cash contributions from employers = $68,364

  • total contributions = $249,484

Visualize

 
 

Peers

beat out by Fox Pest Control 401(K) Plan in Logan, UT (20.07%), Retirement Income Security Plan-Fatboy Ice Cream in Richmond, UT (19.69%), Becklar, LLC 401(K) Plan in Ogden, UT (18.85%), and Autonomous Solutions, Inc. 401(K) Retirement Plan in Petersboro, UT (18.76%), and 3 others, ending with Integra Financial Services LLC 401(K) Profit Sharing Plan & Trust in North Logan, UT (16.84%).

beat Als Sporting Goods Inc in Logan, UT (15.86%), Powder Mountain 401(K) Plan in Eden, UT (15.75%), Onions 52 401(K) Plan in Syracuse, UT (15.74%), and Fire Protection Service Corp 401(K) Profit Sharing Plan in Ogden, UT (15.70%), and 19 others, ending with Bear Lake Community Health Center, 401(K) Plan in Logan, UT (9.76%).

References

  1. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(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.