Benchmarking Brady's Welding & Machine Shop 401(K) Plan in Healdton, OK against all plans
Brady's Welding & Machine Shop 401(K) Plan in Healdton, OK has the 6th-lowest diversity of asset types (0.1%) among the 100 plans whose industry group is Machine Shops; Turned Product; and Screw, Nut, and Bolt Manufacturing. That 0.1% compares to an average of 9.5% across those 100 plans.
Brady's Welding & Machine Shop 401(K) Plan has these standings among those 100 peer plans related to asset types (values of zero are not shown):
Brady's Welding & Machine Shop 401(K) Plan has these standings among those 100 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 0.1% (6th-lowest)
- receivables - employer contributions = $2,822 (21st-most)
- receivables - participant contributions = $357 (23rd-most)
- value of interest in registered investment companies (e.g., mutual funds) = $8.80M (5th-highest, tied)
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Peers
better than Manufacturing Partners Inc. 401(K) Profit Sharing Plan in Big Lake, MN (0.0%), Snavely Machine Retirement Plan in Peru, IN (0.0%), Forest City Gear Retirement Plan in Roscoe, IL (0.0%), and BFG Electroplating & Mfg Co., Inc. 401(K) Plan in Punxsutawney, PA (0.0%), and 1 other.
trailed TMF Center Inc 401k Retirement Plan and Trust in Williamsport, IN (0.2%), Kooima Company, LLC 401(K) Plan in Rock Valley, IA (0.3%), Threaded Fasteners, Inc. Retirement Plan in Mobile, AL (0.5%), and Donson Machine Co., Inc. Employees' 401(K) Profit Sharing Plan in Alsip, IL (0.5%), and 90 others, ending with Cleveland Die & Mfg. Co. Profit Sharing Plan in Middleburg Heights, OH (32.6%).
trailed TMF Center Inc 401k Retirement Plan and Trust in Williamsport, IN (0.2%), Kooima Company, LLC 401(K) Plan in Rock Valley, IA (0.3%), Threaded Fasteners, Inc. Retirement Plan in Mobile, AL (0.5%), and Donson Machine Co., Inc. Employees' 401(K) Profit Sharing Plan in Alsip, IL (0.5%), and 90 others, ending with Cleveland Die & Mfg. Co. Profit Sharing Plan in Middleburg Heights, OH (32.6%).
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.