Plans » Benchmarking Engine
Benchmarking Servicon Systems, Inc. 401(K) Plan in Culver City, CA against
bad (1)
Servicon Systems, Inc. 401(K) Plan in Culver City, CA has the 7th-lowest average account balance ($7,455) of the 24 plans in Culver City, CA. That $7,455 compares to an average of $20,760 across those 24 plans.
Reaching the average of $20,760 would imply an extra $8,674,616 in total assets.
Note: average account balance = total assets ÷ total participants
Servicon Systems, Inc. 401(K) Plan has these standings among those 24 peer plans:
Reaching the average of $20,760 would imply an extra $8,674,616 in total assets.
Note: average account balance = total assets ÷ total participants
Servicon Systems, Inc. 401(K) Plan has these standings among those 24 peer plans:
- average account balance = $7,455 (7th-lowest)
- total assets = $4,860,579 (8th-most)
- total participants = 652 (2nd-most)
better than Prime Providers California LLC 401(K) Plan in Culver City, CA ($3,797), Wally's Wine 401(K) Plan in Culver City, CA ($4,121), Clutter 401(K) Plan in Culver City, CA ($4,288), and Pressed Juicery 401(K) Plan in Culver City, CA ($4,791), and 2 others, ending with Modern Animal, Inc 401(K) Plan in Culver City, CA ($7,401).
trailed Ghsi 401(K) Plan in Culver City, CA ($7,702), Exceptional Childrens Foundation 401k Plan in Culver City, CA ($11,875), Nextbite 401(K) Plan in Culver City, CA ($13,821), and Awesome Office, Inc. 401(K) Plan in Culver City, CA ($18,177), and 13 others, ending with Inconen 401(K) Plan in Culver City, CA ($52,032).
trailed Ghsi 401(K) Plan in Culver City, CA ($7,702), Exceptional Childrens Foundation 401k Plan in Culver City, CA ($11,875), Nextbite 401(K) Plan in Culver City, CA ($13,821), and Awesome Office, Inc. 401(K) Plan in Culver City, CA ($18,177), and 13 others, ending with Inconen 401(K) Plan in Culver City, CA ($52,032).
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of 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.
- in city. Values were kept only if they occurred at least 20 times. 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.
Servicon Systems, Inc. 401(K) Plan in Culver City, CA is in Culver City, CA, its EIN is 951897037, its industry group is Services to Buildings and Dwellings, its plan administrator is Richard Conti, 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 561720, has 500 to 999 total participants, is better than the overall plan medians in each of total income, net income, participant loans as a percentage of plan assets, and diversity of asset types (4 total), 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:
- net assets (assets minus liabilities) ($4.90M)
- total assets ($4,860,579)
- value of interest in registered investment companies (e.g., mutual funds) ($4.40M)
- total assets at beginning of plan year ($4,112,924)
- total contributions ($1,603,336)
- total income ($876,123)
- cash contributions from participants ($820,060)
- net income ($747,655)
- cash contributions from employers ($476,737)
- value of funds held in insurance company general account (unallocated contracts) ($456,688)
- total expenses ($128,468)
- receivables employer contributions ($12,623)
- average account balance ($7,455)
- average employer+participant cash contribution per active participant ($2,133)
- average participant cash contribution per active participant ($1,349)
- net income per total participant ($1,147)
- other administrative expenses ($911)
- total administrative expenses ($911)
- average employer cash contribution per active participant ($784.10)
- total administrative expense per participant ($1.40)
- total noninterest-bearing cash ($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)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- earnings on investments (-$727,213)
- net earnings on investments (-$727,213)
- percentage of active participants (93.3%)
- growth in total assets during the plan year (18.2%)
- diversity of asset types (10.4%)
- total administrative expense ratio (0.019%)
- 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 (-17.68%)
- active participants (608)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (652)
- other retired or separated participants entitled to future benefits (44)
- retired or separated participants receiving benefits (0)
- total participants (652)
Global References