Benchmarking 1st Ayd Corporation 401(K) Profit Sharing Plan in Elgin, IL against all plans
1st Ayd Corporation 401(K) Profit Sharing Plan in Elgin, IL has the 5th-highest diversity of asset types (16.4%) among the 30 plans whose industry group is Soap, Cleaning Compound, and Toilet Preparation Manufacturing. That 16.4% compares to an average of 7.6% across those 30 plans.
1st Ayd Corporation 401(K) Profit Sharing Plan has these standings among those 30 peer plans related to asset types (values of zero are not shown):
1st Ayd Corporation 401(K) Profit Sharing Plan has these standings among those 30 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 16.4% (5th-highest)
- participant loans = $126,932 (8th-most)
- value of interest in registered investment companies (e.g., mutual funds) = $2.60M (11th-lowest, tied)
- value of funds held in insurance company general account (unallocated contracts) = $349,708 (the highest)
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Peers
beat out by Luster Products, Inc. 401(K) Profit Sharing Plan in Chicago, IL (19.6%), Twincraft, Inc. 401(K) Retirement Plan in Winooski, VT (18.5%), L'Oreal Caribe, Inc. Employee Retirement Savings Plan in Berkeley Heights, NJ (17.1%), and McKenna Labs, Inc. 401(K) Profit Sharing Plan in Fullerton, CA (17.0%).
beat Camco 401(K) Retirement Plan in Florence, KY (16.0%), New U.S. Nonwovens, LLC 401(K) Plan in Melville, NY (11.6%), Eo Products, LLC 401(K) Plan in San Rafael, CA (11.6%), and Century Products, Inc. A Texas Corporation 401(K) Plan in Greensboro, NC (11.5%), and 21 others, ending with Best Sanitizers, Inc. 401(K) P/S Plan in Nevada City, CA (0.2%).
beat Camco 401(K) Retirement Plan in Florence, KY (16.0%), New U.S. Nonwovens, LLC 401(K) Plan in Melville, NY (11.6%), Eo Products, LLC 401(K) Plan in San Rafael, CA (11.6%), and Century Products, Inc. A Texas Corporation 401(K) Plan in Greensboro, NC (11.5%), and 21 others, ending with Best Sanitizers, Inc. 401(K) P/S Plan in Nevada City, CA (0.2%).
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.