Plans » Benchmarking Engine
Benchmarking Crown/Norfab Retirement Plan in Chaska, MN against
Crown/Norfab Retirement Plan in Chaska, MN has the lowest average participant cash contribution per active participant ($717.80) of all the 33 plans whose industry group is Alumina and Aluminum Production and Processing. That $717.80 compares to an average of $2,595 across those 33 plans.
Reaching the average of $2,595 would imply an extra $251,511 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Crown/Norfab Retirement Plan has these standings among those 33 peer plans:
Reaching the average of $2,595 would imply an extra $251,511 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Crown/Norfab Retirement Plan has these standings among those 33 peer plans:
- average participant cash contribution per active participant = $717.80 (the lowest)
- cash contributions from participants = $96,190 (the least)
- active participants = 134 (9th-fewest)
- 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.
- average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.
Crown/Norfab Retirement Plan in Chaska, MN is in Minnesota, its EIN is 411427677, its industry group is Alumina and Aluminum Production and Processing, its plan administrator is Bill Schumer, 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 331310, has 100 to 499 total participants, and is worse than the overall participant averages in each of net income per total participant, active-participant contributions per head, and total administrative expense per participant.
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Numeric values:
- total assets at beginning of plan year ($8,786,246)
- total assets ($6,905,708)
- net assets (assets minus liabilities) ($6.90M)
- value of interest in registered investment companies (e.g., mutual funds) ($5.20M)
- value of interest in common/collective trusts ($1,686,100)
- total expenses ($1,139,336)
- total contributions ($438,396)
- cash contributions from employers ($342,206)
- cash contributions from participants ($96,190)
- average account balance ($45,432)
- contract administrator fees ($34,269)
- total administrative expenses ($34,269)
- average employer+participant cash contribution per active participant ($3,272)
- average employer cash contribution per active participant ($2,554)
- average participant cash contribution per active participant ($717.80)
- total administrative expense per participant ($225.45)
- 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)
- participant loans ($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)
- total liabilities ($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 (-$12,372)
- total income (-$741,202)
- earnings on investments (-$1,179,598)
- net earnings on investments (-$1,179,598)
- net income (-$1,880,538)
- percentage of active participants (88.2%)
- diversity of asset types (17.5%)
- total administrative expense ratio (0.500%)
- participant loans as a percentage of plan assets (0.00%)
- 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 (-13.43%)
- growth in total assets during the plan year (-21.4%)
- active participants (134)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (152)
- other retired or separated participants entitled to future benefits (16)
- retired or separated participants receiving benefits (2)
- total participants (152)
Global References