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Benchmarking Rimland Services NFP 401(K) Profit Sharing Plan & Trust in Evanston, IL against all plans

 

Rimland Services NFP 401(K) Profit Sharing Plan & Trust in Evanston, IL has the most participant loans as a percentage of plan assets (3.18%) among all the 28 plans within 50 miles that have 50 to 99 total participants. That 3.18% compares to an average of 0.98% across those 28 plans.

Reaching the average of 0.98% would imply a savings of $37,439 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Rimland Services NFP 401(K) Profit Sharing Plan & Trust has these standings among those 28 peer plans:

  • participant loans as a percentage of plan assets = 3.18% (the most)

  • participant loans = $54,011 (8th-most)

  • total assets = $1,699,693 (3rd-least)

Visualize

 
 

Peers

exceeded Autohaus On Edens, Inc. 401(K) Plan in Northbrook, IL (2.47%), Vim Recyclers, L.P. 401(K) Plan and Trust in Aurora, IL (2.37%), Pacmoore Products, Inc. 401(K) Plan in Hammond, IN (2.31%), and Creviston Trucking, Inc. 401(K) Plan in Hammond, IN (2.09%), and 23 others, ending with Seating Concepts, Inc. 401(K) Plan in Rockdale, IL (0.00%).

References

  1. participant loans as a percentage of plan assets. Lower values are better. 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. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.
  3. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.