Plans » Benchmarking Engine
Benchmarking Shively Bros., Inc. Profit Sharing Plan in Flint, MI against
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Shively Bros., Inc. Profit Sharing Plan in Flint, MI has the 11th-highest yield on beginning-of-plan-year total assets (-14.88%) among the 33 plans in Michigan that don't provide for automatic enrollment and whose economic sector is Wholesale Trade. That -14.88% compares to an average of -16.32% across those 33 plans.
Beating the average of -16.32% means an extra $103,276 in net earnings on investments.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Shively Bros., Inc. Profit Sharing Plan has these standings among those 33 peer plans:
Beating the average of -16.32% means an extra $103,276 in net earnings on investments.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Shively Bros., Inc. Profit Sharing Plan has these standings among those 33 peer plans:
- yield on beginning-of-plan-year total assets = -14.88% (11th-highest)
- net earnings on investments = -$1,066,068 (15th-highest)
- total assets at beginning of plan year = $7,163,919 (14th-most)
- asset transfers to the plan = $0
- asset transfers from the plan = $0
- cash contributions from participants = $529,842
- cash contributions from employers = $79,300
- total contributions = $609,142
beat out by Agh 401(K) Plan in Walkerville, MI (-10.92%), Vintech Industries Inc 401(K) Profit Sharing Plan & Trust in Imlay City, MI (-11.16%), Lagrasso Brothers, Inc. 401(K) Plan in Detroit, MI (-11.75%), and Wimsatt Building Materials 401(K) PS Plan & Trust in Novi, MI (-13.70%), and 6 others, ending with Technical Solutions Holdings 401(K) Plan in Sterling Heights, MI (-14.84%).
beat Cleary-Union Joint Savings & Retirement Plan in Madison Heights, MI (-15.16%), Leonard Fountain Specialities 401(K) Profit Sharing Plan & Trust in Detroit, MI (-15.30%), American Gas & Oil, Inc. 401(K) Profit Sharing Plan in Sparta, MI (-15.33%), and KSS Enterprises 401(K) Plan in Kalamazoo, MI (-15.89%), and others, ending with Poly Flex Products, Inc. 401(K) Profit Sharing Plan in Farmington Hills, MI (-24.24%).
beat Cleary-Union Joint Savings & Retirement Plan in Madison Heights, MI (-15.16%), Leonard Fountain Specialities 401(K) Profit Sharing Plan & Trust in Detroit, MI (-15.30%), American Gas & Oil, Inc. 401(K) Profit Sharing Plan in Sparta, MI (-15.33%), and KSS Enterprises 401(K) Plan in Kalamazoo, MI (-15.89%), and others, ending with Poly Flex Products, Inc. 401(K) Profit Sharing Plan in Farmington Hills, MI (-24.24%).
- 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-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.
- whose economic sector is. The economic sector is the first two 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.
- in state. 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.
- yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.
Shively Bros., Inc. Profit Sharing Plan in Flint, MI is in Michigan, its EIN is 381334301, its industry group is Miscellaneous Durable Goods Merchant Wholesalers, its plan administrator is Justin Hager, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, is a single-employer plan, its business code is 423990, has 100 to 499 total participants, is worse than the overall plan medians in each of total liabilities, total income, net income, and participant loans as a percentage of plan assets (4 total), is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5), and is higher than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets at beginning of plan year ($7,163,919)
- net assets (assets minus liabilities) ($5.50M)
- total assets ($5,458,546)
- value of interest in registered investment companies (e.g., mutual funds) ($3.90M)
- value of interest in common/collective trusts ($1,479,218)
- total expenses ($1,248,518)
- total contributions ($609,142)
- cash contributions from participants ($529,842)
- cash contributions from employers ($79,300)
- participant loans ($78,496)
- other administrative expenses ($50,692)
- total administrative expenses ($50,692)
- average account balance ($22,650)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($6,047)
- average employer+participant cash contribution per active participant ($2,914)
- average participant cash contribution per active participant ($2,535)
- average employer cash contribution per active participant ($379.40)
- total noninterest-bearing cash ($221)
- total liabilities ($221)
- total administrative expense per participant ($210.34)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($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 pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($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)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- net income per total participant (-$7,076)
- total income (-$456,926)
- earnings on investments (-$1,066,068)
- net earnings on investments (-$1,066,068)
- net income (-$1,705,444)
- percentage of active participants (86.7%)
- diversity of asset types (20.9%)
- participant loans as a percentage of plan assets (1.44%)
- total administrative expense ratio (0.930%)
- total cash as a percentage of plan assets (0.11%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-14.88%)
- growth in total assets during the plan year (-23.8%)
- active participants (209)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (241)
- other retired or separated participants entitled to future benefits (32)
- retired or separated participants receiving benefits (0)
- total participants (241)
Global References