Plans » Benchmarking Engine
Benchmarking Watson Furniture Group, Inc. 401(K) Retirement Plan & Trust in Poulsbo, WA against
good (3)
neutral (2)
Of the 123 plans whose industry group is Furniture and Related Product Manufacturing, Watson Furniture Group, Inc. 401(K) Retirement Plan & Trust in Poulsbo, WA is one of just 4 that are better than the overall participant averages in each of average account balance, active-participant contributions per head, and total administrative expense per participant.
Watson Furniture Group, Inc. 401(K) Retirement Plan & Trust has these standings among those 123 peer plans plus nationwide comparisons:
Watson Furniture Group, Inc. 401(K) Retirement Plan & Trust has these standings among those 123 peer plans plus nationwide comparisons:
- net income per total participant = -$5,758 (39th-lowest)
the nationwide average is -$5,540 - average account balance = $27,540 (39th-highest)
the nationwide average is $24,947 - average participant cash contribution per active participant = $4,265 (11th-highest)
the nationwide average is $3,880 - average employer cash contribution per active participant = $1,129 (40th-highest)
the nationwide average is $1,477 - total administrative expense per participant = $81.49 (59th-lowest)
the nationwide average is $124.36
- are better than the overall participant averages in. Bigger sets are better. (1) The average nationwide value of net income per total participant is -$5,540, so better is above 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 better is above 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 better is above 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 better is above 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 better is below 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.
- 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.
Watson Furniture Group, Inc. 401(K) Retirement Plan & Trust in Poulsbo, WA is in Washington, its EIN is 911217855, its industry group is Furniture and Related Product Manufacturing, its plan administrator is Ann Beard, 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 337000, has 100 to 499 total participants, is worse than the overall plan medians in each of total liabilities, total income, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (5 total), and is better than the overall participant averages in each of average account balance, active-participant contributions per head, and total administrative expense per participant.
Global References
Numeric values:
- total assets at beginning of plan year ($9,687,491)
- total assets ($8,014,029)
- net assets (assets minus liabilities) ($8.00M)
- value of interest in registered investment companies (e.g., mutual funds) ($7.80M)
- total expenses ($668,779)
- total contributions ($663,419)
- cash contributions from participants ($524,603)
- receivables employer contributions ($138,816)
- cash contributions from employers ($138,816)
- participant loans ($74,618)
- average account balance ($27,540)
- contract administrator fees ($23,713)
- total administrative expenses ($23,713)
- receivables participant contributions ($19,224)
- average employer+participant cash contribution per active participant ($5,394)
- average participant cash contribution per active participant ($4,265)
- total liabilities ($2,055)
- average employer cash contribution per active participant ($1,129)
- total administrative expense per participant ($81.49)
- total noninterest-bearing cash ($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)
- 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)
- 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 (-$5,758)
- total income (-$1,006,738)
- earnings on investments (-$1,670,157)
- net earnings on investments (-$1,670,157)
- net income (-$1,675,517)
- percentage of active participants (42.3%)
- diversity of asset types (4.9%)
- participant loans as a percentage of plan assets (0.93%)
- total administrative expense ratio (0.300%)
- 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 (-17.24%)
- growth in total assets during the plan year (-17.3%)
- active participants (123)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (290)
- other retired or separated participants entitled to future benefits (167)
- retired or separated participants receiving benefits (0)
- total participants (291)
Global References