Benchmarking Smithfield Surgical Partners 401k Plan in Birmingham, MI against all plans
Smithfield Surgical Partners 401k Plan in Birmingham, MI has the 12th-lowest diversity of asset types (0.7%) among the 238 plans whose industry group is Outpatient Care Centers. That 0.7% compares to an average of 8.0% across those 238 plans.
Smithfield Surgical Partners 401k Plan has these standings among those 238 peer plans related to asset types (values of zero are not shown):
Smithfield Surgical Partners 401k Plan has these standings among those 238 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 0.7% (12th-lowest)
- value of interest in common/collective trusts = $6,400 (70th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $1.80M (72nd-lowest, tied)
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Peers
better than Havens of Ohio, LLC 401(K) Safe Harbor Plan in Dayton, OH (0.0%), Healing Care Hospice, Inc. 401(K) Plan in Downey, CA (0.0%), Hunter Health Clinic Retirement Plan in Wichita, KS (0.0%), and RCCS 401(K) Plan in Montrose, MN (0.0%), and 7 others, ending with Cultivate Behavioral Management 401(K) Plan in Beecave, TX (0.6%).
trailed New Vista of the Bluegrass, Inc. 401(K) Plan in Lexington, KY (0.7%), Community Programs, Inc. 401(K) Profit Sharing Plan & Trust in Waterford, MI (0.8%), Ravenwood Mental Health Center 401(K) Profit Sharing Plan & Tru in Chardon, OH (0.8%), and Ami Expeditionary Healthcare 401(K) Plan in Reston, VA (0.9%), and 222 others, ending with FPG Services, LLC 401(K) Plan in New York, NY (37.5%).
trailed New Vista of the Bluegrass, Inc. 401(K) Plan in Lexington, KY (0.7%), Community Programs, Inc. 401(K) Profit Sharing Plan & Trust in Waterford, MI (0.8%), Ravenwood Mental Health Center 401(K) Profit Sharing Plan & Tru in Chardon, OH (0.8%), and Ami Expeditionary Healthcare 401(K) Plan in Reston, VA (0.9%), and 222 others, ending with FPG Services, LLC 401(K) Plan in New York, NY (37.5%).
References
- 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.
- 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.