Plans » Benchmarking Engine
Benchmarking Luxottica Puerto Rico Tax Incentive Savings Plan in Mason, OH against
good (1)
neutral (6)
Luxottica Puerto Rico Tax Incentive Savings Plan in Mason, OH has the 6th-highest diversity of asset types (28.2%) among the 317 plans whose industry group is Offices of Other Health Practitioners. That 28.2% compares to an average of 8.6% across those 317 plans.
Luxottica Puerto Rico Tax Incentive Savings Plan has these standings among those 317 peer plans related to asset types (values of zero are not shown):
Luxottica Puerto Rico Tax Incentive Savings Plan has these standings among those 317 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 28.2% (6th-highest)
- receivables - employer contributions = $34,947 (51st-most)
- receivables - participant contributions = $6,959 (66th-most)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) = $601,833 (2nd-most)
- participant loans = $253,070 (4th-most)
- value of interest in common/collective trusts = $155,648 (41st-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $2.70M (151st-lowest, tied)
- 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.
- 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.
Luxottica Puerto Rico Tax Incentive Savings Plan in Mason, OH is in Ohio, its EIN is 953194947, its industry group is Offices of Other Health Practitioners, its plan administrator is Alison Dalessandro, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, is a single-employer plan, its business code is 621320, has 100 to 499 total participants, is worse than the overall participant averages in each of average account balance, active-participant contributions per head, and employer contributions per active participant, and is lower 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 ($4,611,108)
- net assets (assets minus liabilities) ($3.80M)
- total assets ($3,776,558)
- value of interest in registered investment companies (e.g., mutual funds) ($2.70M)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($601,833)
- total expenses ($440,608)
- total contributions ($289,971)
- participant loans ($253,070)
- cash contributions from participants ($171,856)
- value of interest in common/collective trusts ($155,648)
- cash contributions from employers ($118,115)
- receivables employer contributions ($34,947)
- average account balance ($14,360)
- receivables participant contributions ($6,959)
- other administrative expenses ($2,656)
- total administrative expenses ($2,656)
- average employer+participant cash contribution per active participant ($1,502)
- average participant cash contribution per active participant ($890.40)
- average employer cash contribution per active participant ($612.00)
- total administrative expense per participant ($10.10)
- total noninterest-bearing cash ($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 (-$3,173)
- total income (-$393,942)
- earnings on investments (-$683,913)
- net earnings on investments (-$683,913)
- net income (-$834,550)
- percentage of active participants (73.4%)
- diversity of asset types (28.2%)
- total cash as a percentage of plan assets (15.94%)
- participant loans as a percentage of plan assets (6.70%)
- total administrative expense ratio (0.070%)
- employer securities as a percentage of plan assets (0.00%)
- yield on beginning-of-plan-year total assets (-14.83%)
- growth in total assets during the plan year (-18.1%)
- active participants (193)
- living participants (263)
- other retired or separated participants entitled to future benefits (70)
- total participants (263)
Global References