Plans » Benchmarking Engine
Benchmarking McClarin Plastics, LLC Cash Or Deferred Profit Sharing Plan in Hanover, PA against
McClarin Plastics, LLC Cash Or Deferred Profit Sharing Plan in Hanover, PA has the highest value of interest in registered investment companies (e.g., mutual funds) ($8.20M) of the 277 plans whose industry group is Plastics Product Manufacturing and have at most $8,466,965 in total assets. Those $8.20M compare to an average of $2.90M across the 277 plans.
- 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- value of interest in registered investment companies (e.g., mutual funds). At end of plan year. A registered investment company is an investment company registered under the Investment Company Act of 1940. These are mutual funds (legally known as open-end companies), closed-end funds (legally known as closed-end companies), and UITs (legally known as unit investment trusts). Line 1c(13) from Schedule H. A missing entry from the Schedule H is here assigned a value of $0. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- total assets. At end of plan year. Line 1f(b) from Schedule H. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
McClarin Plastics, LLC Cash Or Deferred Profit Sharing Plan in Hanover, PA is in Pennsylvania, its EIN is 472615311, its industry group is Plastics Product Manufacturing, its plan administrator is Michael Gromacki, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, is a single-employer plan, its business code is 326100, has 100 to 499 total participants, is worse than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and diversity of asset types (4 total), is worse than the overall participant averages in each of average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets at beginning of plan year ($10,857,016)
- net assets (assets minus liabilities) ($8.50M)
- total assets ($8,466,965)
- value of interest in registered investment companies (e.g., mutual funds) ($8.20M)
- total expenses ($1,528,852)
- total contributions ($880,434)
- cash contributions from participants ($741,792)
- participant loans ($139,810)
- value of funds held in insurance company general account (unallocated contracts) ($92,641)
- contract administrator fees ($79,254)
- total administrative expenses ($79,254)
- average account balance ($16,968)
- average employer+participant cash contribution per active participant ($1,841)
- average participant cash contribution per active participant ($1,841)
- total administrative expense per participant ($158.83)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in common/collective trusts ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- other general investments ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- cash contributions from employers ($0)
- corrective distributions ($0)
- professional fees ($0)
- investment advisory and management fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- average employer cash contribution per active participant ($0.00)
- net income per total participant (-$4,790)
- total income (-$861,199)
- earnings on investments (-$1,741,633)
- net earnings on investments (-$1,741,633)
- net income (-$2,390,051)
- percentage of active participants (80.8%)
- diversity of asset types (4.5%)
- participant loans as a percentage of plan assets (1.65%)
- total administrative expense ratio (0.940%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-16.04%)
- growth in total assets during the plan year (-22.0%)
- active participants (403)
- deceased participants whose beneficiaries receive or are entitled to benefits (2)
- living participants (497)
- other retired or separated participants entitled to future benefits (89)
- retired or separated participants receiving benefits (5)
- total participants (499)
Global References