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Benchmarking All Battery Sales and Service 401(K) Plan in Everett, WA against all plans

 

All Battery Sales and Service 401(K) Plan in Everett, WA has the 6th-lowest yield on beginning-of-plan-year total assets (11.81%) among the 33 plans whose industry group is Electrical Equipment Manufacturing. That 11.81% compares to an average of 14.10% across those 33 plans.

Reaching the average of 14.10% would imply an extra $97,261 in net earnings on investments.

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

All Battery Sales and Service 401(K) Plan has these standings among those 33 peer plans:

  • yield on beginning-of-plan-year total assets = 11.81% (6th-lowest)

  • net earnings on investments = $500,562 (14th-lowest)

  • total assets at beginning of plan year = $4,238,584 (16th-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 = $372,905

  • cash contributions from employers = $80,101

  • total contributions = $453,006

Visualize

 
 

Peers

better than Video Display Corporation 401(K) Retirement Plan in Tucker, GA (4.44%), Turntide Technologies, Inc. 401(K) Plan in Sunnyvale, CA (7.02%), Zentech Manufacturing 401(K) Profit Sharing Plan & Trust in Baltimore, MD (11.03%), and Electronic Concepts, Inc. 401(K) Profit Sharing Plan in Eatontown, NJ (11.20%), and 1 other.

trailed Myers Controlled Power LLC 401k Plan in North Canton, OH (12.01%), Crown Technical Systems 401(K) Plan in Fontana, CA (12.01%), Grand Rapids Controls Co. LLC Employee 401(K) Plan in Rockford, MI (12.13%), and Durex Industries 401(K) Plan in Cary, IL (12.26%), and others, ending with Martin Energy Group Services 401(K) Savings Plan in Tipton, MO (23.00%).

References

  1. 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.
  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.