Plans » Benchmarking Engine
Benchmarking Managed Career Solutions, Inc. 401(K) Plan in Los Angeles, CA against
good (2)
neutral (5)
Managed Career Solutions, Inc. 401(K) Plan in Los Angeles, CA has the 12th-highest diversity of asset types (18.7%) among the 79 plans whose industry group is Vocational Rehabilitation Services, are self-administered by the plan sponsor, and don't provide for automatic enrollment. That 18.7% compares to an average of 10.2% across those 79 plans.
Managed Career Solutions, Inc. 401(K) Plan has these standings among those 79 peer plans related to asset types (values of zero are not shown):
Managed Career Solutions, Inc. 401(K) Plan has these standings among those 79 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 18.7% (12th-highest)
- participant loans = $20,276 (30th-most)
- value of interest in registered investment companies (e.g., mutual funds) = $1.30M (31st-lowest, tied)
- value of funds held in insurance company general account (unallocated contracts) = $402,071 (17th-highest)
- self-administered by the plan sponsor. 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.
- 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-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.
- 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 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.
Managed Career Solutions, Inc. 401(K) Plan in Los Angeles, CA is in Los Angeles, CA, its EIN is 954626137, its industry group is Vocational Rehabilitation Services, its plan administrator is Esteban Magallanes, 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 624310, has 100 to 499 total participants, is better than the overall plan medians in each of total income, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), and is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant.
Global References
Numeric values:
- total assets at beginning of plan year ($1,890,747)
- net assets (assets minus liabilities) ($1.80M)
- total assets ($1,768,181)
- value of interest in registered investment companies (e.g., mutual funds) ($1.30M)
- value of funds held in insurance company general account (unallocated contracts) ($402,071)
- total contributions ($203,514)
- cash contributions from participants ($160,676)
- total expenses ($80,836)
- cash contributions from employers ($38,926)
- participant loans ($20,276)
- total liabilities ($15,988)
- average account balance ($14,260)
- contract administrator fees ($6,572)
- total administrative expenses ($6,572)
- average employer+participant cash contribution per active participant ($1,996)
- average participant cash contribution per active participant ($1,607)
- average employer cash contribution per active participant ($389.30)
- total administrative expense per participant ($53.00)
- 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)
- 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)
- net income per total participant (-$1,117)
- total income (-$57,718)
- net income (-$138,554)
- earnings on investments (-$261,232)
- net earnings on investments (-$261,232)
- percentage of active participants (80.6%)
- diversity of asset types (18.7%)
- participant loans as a percentage of plan assets (1.15%)
- total administrative expense ratio (0.370%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- growth in total assets during the plan year (-6.5%)
- yield on beginning-of-plan-year total assets (-13.82%)
- active participants (100)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (124)
- other retired or separated participants entitled to future benefits (20)
- retired or separated participants receiving benefits (4)
- total participants (124)
Global References