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Benchmarking Graf Brothers Flooring, Inc. 401(K) Plan in South Shore, KY against
Of the 110 plans whose industry group is Other Wood Product Manufacturing, Graf Brothers Flooring, Inc. 401(K) Plan in South Shore, KY is one of just 10 that are 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).
Graf Brothers Flooring, Inc. 401(K) Plan has these standings among those 110 peer plans plus nationwide comparisons:
Graf Brothers Flooring, Inc. 401(K) Plan has these standings among those 110 peer plans plus nationwide comparisons:
- net income per total participant = -$3,002 (50th-highest)
the nationwide average is -$5,540 - average account balance = $23,722 (51st-highest)
the nationwide average is $24,947 - average participant cash contribution per active participant = $818.20 (8th-lowest)
the nationwide average is $3,880 - average employer cash contribution per active participant = $452.40 (33rd-lowest)
the nationwide average is $1,477 - total administrative expense per participant = $208.62 (30th-highest)
the nationwide average is $124.36
- 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.
- are worse than the overall participant averages in. Smaller sets are better. (1) The average nationwide value of net income per total participant is -$5,540, so worse is below that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $24,947, so worse is below that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $3,880, so worse is below that. 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. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $1,477, so worse is below that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $124.36, so worse is above that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.
Graf Brothers Flooring, Inc. 401(K) Plan in South Shore, KY is in Kentucky, its EIN is 743072996, its industry group is Other Wood Product Manufacturing, its plan administrator is Plan Sponsor, is 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 321900, has 100 to 499 total participants, 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 ($4,062,111)
- total assets ($3,605,745)
- net assets (assets minus liabilities) ($3.60M)
- value of interest in registered investment companies (e.g., mutual funds) ($3.40M)
- value of funds held in insurance company general account (unallocated contracts) ($200,408)
- total contributions ($186,785)
- cash contributions from participants ($120,275)
- cash contributions from employers ($66,510)
- total expenses ($52,235)
- contract administrator fees ($31,710)
- total administrative expenses ($31,710)
- average account balance ($23,722)
- average employer+participant cash contribution per active participant ($1,271)
- average participant cash contribution per active participant ($818.20)
- average employer cash contribution per active participant ($452.40)
- total administrative expense per participant ($208.62)
- 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 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)
- 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 (-$3,002)
- total income (-$404,131)
- net income (-$456,366)
- earnings on investments (-$590,916)
- net earnings on investments (-$590,916)
- percentage of active participants (96.7%)
- diversity of asset types (6.8%)
- total administrative expense ratio (0.880%)
- 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%)
- growth in total assets during the plan year (-11.2%)
- yield on beginning-of-plan-year total assets (-14.55%)
- active participants (147)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (152)
- other retired or separated participants entitled to future benefits (5)
- retired or separated participants receiving benefits (0)
- total participants (152)
Global References