Plans » Benchmarking Engine
Benchmarking Chatbooks 401(K) Plan in Lehi, UT against
good (4)
neutral (4)
Chatbooks 401(K) Plan in Lehi, UT has the 7th-highest net income per total participant ($2,972) of the 24 plans in Lehi, UT. That $2,972 compares to an average of $76.80 across those 24 plans.
Beating the average of $76.80 means an extra $547,261 in net income.
Note: net income per total participant = net income ÷ total participants
Chatbooks 401(K) Plan has these standings among those 24 peer plans:
Beating the average of $76.80 means an extra $547,261 in net income.
Note: net income per total participant = net income ÷ total participants
Chatbooks 401(K) Plan has these standings among those 24 peer plans:
- net income per total participant = $2,972 (7th-highest)
- net income = $561,783 (8th-highest)
- total participants = 189 (6th-fewest)
- 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.
- net income per total participant. Higher values are better. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, 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.
Chatbooks 401(K) Plan in Lehi, UT is in Lehi, UT, its EIN is 383866293, its industry group is Other Professional, Scientific, and Technical Services, its plan administrator is Ana Vila, 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 541920, has 100 to 499 total participants, is better than the overall participant averages in each of net income per total participant, employer contributions per active participant, and total administrative expense per participant, and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, and total administrative expense ratio.
Global References
Numeric values:
- value of interest in registered investment companies (e.g., mutual funds) ($2.00M)
- net assets (assets minus liabilities) ($2.00M)
- total assets ($1,984,398)
- total assets at beginning of plan year ($1,422,615)
- total contributions ($1,025,281)
- total income ($746,311)
- cash contributions from participants ($581,825)
- net income ($561,783)
- cash contributions from employers ($369,161)
- total expenses ($184,528)
- total administrative expenses ($16,959)
- average account balance ($10,500)
- investment advisory and management fees ($9,165)
- contract administrator fees ($7,794)
- average employer+participant cash contribution per active participant ($5,465)
- corrective distributions ($4,126)
- value of funds held in insurance company general account (unallocated contracts) ($4,002)
- average participant cash contribution per active participant ($3,344)
- net income per total participant ($2,972)
- average employer cash contribution per active participant ($2,122)
- total administrative expense per participant ($89.73)
- total noninterest-bearing cash ($0)
- 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)
- professional fees ($0)
- other administrative expenses ($0)
- asset transfers to the plan ($0)
- asset transfers from the plan ($0)
- earnings on investments (-$278,970)
- net earnings on investments (-$288,135)
- percentage of active participants (92.1%)
- growth in total assets during the plan year (39.5%)
- total administrative expense ratio (0.850%)
- diversity of asset types (0.5%)
- 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 (-20.25%)
- active participants (174)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (189)
- other retired or separated participants entitled to future benefits (14)
- retired or separated participants receiving benefits (1)
- total participants (189)
Global References