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Benchmarking Van Eaton Ready Mix 401(K) Plan in Shawnee, OK against all plans

 

Van Eaton Ready Mix 401(K) Plan in Shawnee, OK has the least participant loans as a percentage of plan assets (0.00%) among the 46 plans whose industry group is Cement and Concrete Product Manufacturing, are self-administered by the plan sponsor, and don't provide for automatic enrollment. That 0.00% compares to an average of 2.04% across those 46 plans.

Beating the average of 2.04% means a savings of $48,916 in participant loans.

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

Van Eaton Ready Mix 401(K) Plan has these standings among those 46 peer plans:

  • participant loans as a percentage of plan assets = 0.00% (the least, tied)

  • participant loans = $0 (the least in, tied)

  • total assets = $2,394,802 (10th-least)

Visualize

 
 

Peers

tied with Corbitt Enterprises Inc 401k Plan in Little Rock, AR, Conmat Group Inc 401(K) Profit Sharing Retirement Plan in Harrisonburg, VA, Builders Supply Company, Inc. Profit Sharing Plan in Shreveport, LA, JPC Holdings LLC 401k Plan in Hamilton Township, NJ, and 7 others, all with 0.00%.

beat Scruggs Concrete Company 401k Plan in Valdosta, GA (0.55%), Nicolia 401(K) Plan in Lindenhurst, NY (0.75%), A.C. Miller Concrete Products, Inc. 401(K) Profit Sharing Plan in Spring City, PA (0.87%), and Scurlock Holdings Inc. 401k Plan in Jonesboro, AR (0.95%), and 30 others, ending with State Ready Mix 401(K) Profit Sharing Plan in Ventura, CA (7.57%).

References

  1. self-administered by the plan sponsor. 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. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of 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.
  3. 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.
  4. 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.