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Benchmarking Caritas Management Corp. 401(K) Profit Sharing Plan & Trust in San Francisco, CA against all plans

 

Of the 182 plans in San Francisco, CA, Caritas Management Corp. 401(K) Profit Sharing Plan & Trust in San Francisco, CA is one of just 5 that are worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and diversity of asset types (4 total).

Caritas Management Corp. 401(K) Profit Sharing Plan & Trust has these standings among those 182 peer plans plus nationwide comparisons:

  • total liabilities = $0 (the least, tied)
    the nationwide median is $0

  • total income = $910,270 (24th-lowest)
    the nationwide median is $1,173,226

  • net income = $182,298 (16th-lowest)
    the nationwide median is $670,493

  • participant loans as a percentage of plan assets = 1.11% (37th-most)
    the nationwide median is 0.90%

  • corrective distributions = $0 (the lowest, tied)
    the nationwide median is $0

  • yield on beginning-of-plan-year total assets = 15.04% (35th-lowest)
    the nationwide median is 14.11%

  • diversity of asset types = 5.1% (44th-highest, tied)
    the nationwide median is 6.5%

Peers

with Thousandeyes, Inc. 401(K) Retirement Plan in San Francisco, CA, The Slanted Door Retirement Plan in San Francisco, CA, Broadly 401(K) Plan in San Francisco, CA, and Garten Wellbeing, PBC 401(K) Plan in San Francisco, CA.

References

  1. in city. Values were kept only if they occurred at least 20 times. 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. are worse than the overall plan medians in. Smaller sets are better. (1) The median nationwide value of total liabilities is $0.00, so worse is above that. At end of plan year. Liabilities entered here do not include the value of future pension payments to plan participants. Line 1k from Schedule H. (2) The median nationwide value of total income is $1,173,226, so worse is below that. From Line 2d, Schedule H. (3) The median nationwide value of net income is $670,493, so worse is below that. Net income, Line 2k from Schedule H, equals total income (Line 2d) minus total expenses (Line 2j), all from Schedule H. (4) The median nationwide value of participant loans as a percentage of plan assets is 0.90%, so worse is above that. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. (5) The median nationwide value of corrective distributions is $0.00, so worse is above that. From Line 2f, Schedule H, but negative entries are converted into positive. Included on this line are all distributions paid during the plan year of excess deferrals under Code section 402(g)(2)(A)(ii), excess contributions under Code section 401(k)(8), and excess aggregate contributions under Code section 401(m)(6). Included is allocable income distributed. Also included on this line are any elective deferrals and employee contributions distributed or returned to employees during the plan year, as well as any attributable income that was also distributed. (6) The median nationwide value of yield on beginning-of-plan-year total assets is 14.11%, so worse is below that. 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). (7) The median nationwide value of diversity of asset types is 6.5%, so worse is below that. 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. Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.