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Benchmarking Associated Restaurants Servicing, Inc. 401k Retirement Plan in Hannibal, MO against all plans

 

Associated Restaurants Servicing, Inc. 401k Retirement Plan in Hannibal, MO has the lowest yield on beginning-of-plan-year total assets (0.21%) among all the 587 plans that are multiple-employer. That 0.21% compares to an average of 14.05% across those 587 plans.

Reaching the average of 14.05% would imply an extra $725,713 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

Associated Restaurants Servicing, Inc. 401k Retirement Plan has these standings among those 587 peer plans:

  • yield on beginning-of-plan-year total assets = 0.21% (the lowest)

  • net earnings on investments = $10,756 (the lowest)

  • total assets at beginning of plan year = $5,243,610 (243rd-most)

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 = $252,927

  • cash contributions from employers = $191,330

  • total contributions = $444,257

Visualize

 
 

Peers

trailed Presidion Solutions, Inc. 401(K) Plan in Royal Oak, MI (5.11%), World Payroll & HR LLC Retirement Savings Plan in Georgetown, SC (6.32%), Midwest Health Services, Inc. Safe Harbor 401(K) Plan in Massillion, OH (7.19%), and Tampa Bay Trane Employees' Tax Savings Plan in Tampa, FL (7.20%), and others, ending with Carevet Retirement Savings Plan in St. Louis, MO (37.42%).

References

  1. are plan type. A plan is a multiemployer plan if: (a) more than one employer is required to contribute, (b) the plan is maintained pursuant to one or more collective bargaining agreements between one or more employee organizations and more than one employer; (c) an election under Code section 414(f)(5) and ERISA section 3(37)(E) has not been made; and (d) the plan meets any other applicable conditions of 29 CFR 2510.3-37. A single-employer plan for this Form 5500 reporting purpose is an employee benefit plan maintained by one employer or one employee organization. A multiple-employer plan is a plan that is maintained by more than one employer and is not one of the plans already described. 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.