Plans » Benchmarking Engine
Benchmarking Service Alternatives 401(K) Retirement & Savings Plan in Oak Harbor, WA against
neutral (3)
Service Alternatives 401(K) Retirement & Savings Plan in Oak Harbor, WA has the 5th-biggest drop in total assets during the plan year (-28.5%) among the 69 plans within 50 miles that provide for automatic enrollment. That -28.5% compares to an average of 0.9% across those 69 plans.
Coming in under the average of 0.9% corresponds to a decrease of $1,840,602 in total assets.
Service Alternatives 401(K) Retirement & Savings Plan has these standings among those 69 peer plans related to total assets:
Coming in under the average of 0.9% corresponds to a decrease of $1,840,602 in total assets.
Service Alternatives 401(K) Retirement & Savings Plan has these standings among those 69 peer plans related to total assets:
- growth in total assets during the plan year = -28.5% (5th-lowest)
- total assets at beginning of plan year = $6,254,685 (31st-most)
- total assets = $4,474,731 (25th-least)
- asset transfers to the plan = $0 (the least in, tied)
- asset transfers from the plan = $0 (the least in, tied)
- cash contributions from participants = $335,710 (12th-least)
- cash contributions from employers = $94,460 (26th-least)
- total contributions = $430,170 (14th-least)
- net income = -$1,779,954 (7th-lowest)
- net earnings on investments = -$1,294,185 (19th-lowest)
- yield on beginning-of-plan-year total assets = -20.69% (7th-lowest)
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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.
- growth in total assets during the plan year. Growth in total assets during the plan year equals the percentage change in total assets at end of plan year (Line 1f(b) from Schedule H) as compared to the total assets at beginning of plan year (Line 1f(a) from Schedule H. To qualify for growth in total assets during the plan year, the number of total assets at beginning of plan year 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.
Service Alternatives 401(K) Retirement & Savings Plan in Oak Harbor, WA is in Washington, its EIN is 911227900, its industry group is Individual and Family Services, its plan administrator is Janet Harding, 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 624100, 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 ($6,254,685)
- net assets (assets minus liabilities) ($4.50M)
- total assets ($4,474,731)
- value of interest in registered investment companies (e.g., mutual funds) ($4.20M)
- total expenses ($915,939)
- total contributions ($430,170)
- cash contributions from participants ($335,710)
- value of interest in common/collective trusts ($262,329)
- cash contributions from employers ($94,460)
- participant loans ($41,070)
- contract administrator fees ($20,281)
- total administrative expenses ($20,281)
- average account balance ($14,027)
- average employer+participant cash contribution per active participant ($1,509)
- average participant cash contribution per active participant ($1,178)
- average employer cash contribution per active participant ($331.40)
- total administrative expense per participant ($63.58)
- 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)
- 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)
- asset transfers from the plan ($0)
- net income per total participant (-$5,580)
- total income (-$864,015)
- earnings on investments (-$1,294,185)
- net earnings on investments (-$1,294,185)
- net income (-$1,779,954)
- percentage of active participants (89.3%)
- diversity of asset types (8.6%)
- participant loans as a percentage of plan assets (0.92%)
- total administrative expense ratio (0.450%)
- 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 (-20.69%)
- growth in total assets during the plan year (-28.5%)
- active participants (285)
- deceased participants whose beneficiaries receive or are entitled to benefits (0)
- living participants (319)
- other retired or separated participants entitled to future benefits (34)
- retired or separated participants receiving benefits (0)
- total participants (319)
Global References