Plans » Benchmarking Engine
Benchmarking Gazelle Sports Employee Savings Plan in Kalamazoo, MI against
good (1)
neutral (3)
Gazelle Sports Employee Savings Plan in Kalamazoo, MI has the least participant loans as a percentage of plan assets (0.00%) among the 46 plans whose industry group is Sporting Goods, Hobby, and Musical Instrument Stores. That 0.00% compares to an average of 1.22% across those 46 plans.
Beating the average of 1.22% means a savings of $44,173 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Gazelle Sports Employee Savings Plan has these standings among those 46 peer plans:
Beating the average of 1.22% means a savings of $44,173 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Gazelle Sports Employee Savings Plan has these standings among those 46 peer plans:
- participant loans as a percentage of plan assets = 0.00% (the least, tied)
- participant loans = $0 (the least in, tied)
- total assets = $3,631,775 (20th-least)
- 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.
- 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.
Gazelle Sports Employee Savings Plan in Kalamazoo, MI is in Michigan, its EIN is 263912439, its industry group is Sporting Goods, Hobby, and Musical Instrument Stores, 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 451110, has 100 to 499 total participants, and is worse than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total).
Global References
Numeric values:
- total assets at beginning of plan year ($4,696,512)
- total assets ($3,631,775)
- net assets (assets minus liabilities) ($3.60M)
- value of interest in registered investment companies (e.g., mutual funds) ($3.50M)
- total expenses ($572,470)
- total contributions ($288,661)
- cash contributions from participants ($247,394)
- value of funds held in insurance company general account (unallocated contracts) ($157,558)
- cash contributions from employers ($28,864)
- average account balance ($20,635)
- contract administrator fees ($19,908)
- total administrative expenses ($19,908)
- average employer+participant cash contribution per active participant ($1,794)
- average participant cash contribution per active participant ($1,606)
- average employer cash contribution per active participant ($187.40)
- total administrative expense per participant ($113.11)
- total noninterest-bearing cash ($6)
- 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 (-$6,050)
- total income (-$492,267)
- earnings on investments (-$780,928)
- net earnings on investments (-$780,928)
- net income (-$1,064,737)
- percentage of active participants (87.5%)
- diversity of asset types (5.6%)
- total administrative expense ratio (0.550%)
- total cash as a percentage of plan assets (0.00%)
- participant loans 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 (-16.63%)
- growth in total assets during the plan year (-22.7%)
- active participants (154)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (176)
- other retired or separated participants entitled to future benefits (22)
- retired or separated participants receiving benefits (0)
- total participants (176)
Global References