Plans » Benchmarking Engine
Benchmarking Argos USA Union 401(K) Plan in Alpharetta, GA against
bad (3)
Argos USA Union 401(K) Plan in Alpharetta, GA has the 10th-most participant loans as a percentage of plan assets (6.03%) among the 544 plans within 50 miles. That 6.03% compares to an average of 1.49% across those 544 plans.
Reaching the average of 1.49% would imply a savings of $377,780 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Argos USA Union 401(K) Plan has these standings among those 544 peer plans:
Reaching the average of 1.49% would imply a savings of $377,780 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Argos USA Union 401(K) Plan has these standings among those 544 peer plans:
- participant loans as a percentage of plan assets = 6.03% (10th-most)
- participant loans = $500,844 (the most)
- total assets = $8,312,509 (61st-most)
- participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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.
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within 50 miles.
- The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
- In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.
Argos USA Union 401(K) Plan in Alpharetta, GA is in Alpharetta, GA, its EIN is 452429726, its industry group is Cement and Concrete Product Manufacturing, its plan administrator is Jodi Beck, is a profit-sharing plan, collectively-bargained, 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 327300, has 100 to 499 total participants, and is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5).
Global References
Numeric values:
- total assets at beginning of plan year ($9,151,765)
- total assets ($8,312,509)
- net assets (assets minus liabilities) ($8.30M)
- value of interest in registered investment companies (e.g., mutual funds) ($7.00M)
- total contributions ($1,681,299)
- total expenses ($799,667)
- cash contributions from participants ($765,732)
- cash contributions from employers ($696,061)
- value of interest in common/collective trusts ($604,616)
- participant loans ($500,844)
- asset transfers from the plan ($266,918)
- receivables employer contributions ($239,890)
- total income ($227,329)
- average account balance ($42,411)
- receivables participant contributions ($13,743)
- contract administrator fees ($12,554)
- total administrative expenses ($12,554)
- average employer+participant cash contribution per active participant ($8,032)
- average participant cash contribution per active participant ($4,207)
- average employer cash contribution per active participant ($3,824)
- total administrative expense per participant ($64.05)
- 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 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)
- net income per total participant (-$2,920)
- net income (-$572,338)
- earnings on investments (-$1,455,863)
- net earnings on investments (-$1,455,863)
- percentage of active participants (92.9%)
- diversity of asset types (19.6%)
- participant loans as a percentage of plan assets (6.03%)
- total administrative expense ratio (0.150%)
- 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 (-9.2%)
- active participants (182)
- deceased participants whose beneficiaries receive or are entitled to benefits (1)
- living participants (195)
- other retired or separated participants entitled to future benefits (13)
- retired or separated participants receiving benefits (0)
- total participants (196)
Global References