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Benchmarking Milea Truck Sales Corp. 401(K) Plan in Bronx, NY against all plans

 

Milea Truck Sales Corp. 401(K) Plan in Bronx, NY has the lowest average employer cash contribution per active participant ($0.00) of the 83 plans whose industry group is Motor Vehicle and Motor Vehicle Parts and Supplies Merchant Wholesalers. That $0.00 compares to an average of $949.90 across those 83 plans.

Reaching the average of $949.90 would imply an extra $124,436 in employer cash contributions.

Note: average employer cash contribution per active participant =
cash contributions from employers ÷ active participants

Milea Truck Sales Corp. 401(K) Plan has these standings among those 83 peer plans:

  • average employer cash contribution per active participant = $0.00 (the lowest, tied)

  • cash contributions from employers = $0 (the least in, tied)

  • active participants = 131 (35th-fewest)

Visualize

 
 

Peers

tied with Old River Companies, Inc. 401(K) Plan in Richland, MS, Lynnes Nissan City Inc. 401(K) Profit Sharing Plan in Bloomfield, NJ, Chicago Parts & Sound, LLC 401(K) Profit Sharing Plan in Elk Grove, IL, B & I Auto Supply, Inc. and Affiliated Companies 401(K) Plan in Ft Washington, PA, and 6 others, all with $0.00.

trailed Stone Wheel, Inc. Profit Sharing 401(K) Plan and Trust in Willowbrook, IL ($6.00), Lakin Tire East, Inc. Savings & Retirement Plan in West Haven, CT ($22.60), South Florida Auto Auction 401k Plan in Longwood, FL ($50.00), and The Flowers Company, Inc. 401(K) Profit Sharing Plan in Hickory, NC ($130.80), and others, ending with Cubex LLC 401(K) Plan in Phoenix, AZ ($5,718).

References

  1. average employer cash contribution per active participant. Higher values are better. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. 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. 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.