OnlyBoth : Benchmarking Broadmead, Inc. 401(K) Retirement Plan in Cockeysville, MD

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Benchmarking Broadmead, Inc. 401(K) Retirement Plan in Cockeysville, MD against

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Broadmead, Inc. 401(K) Retirement Plan in Cockeysville, MD has the highest average account balance ($26,009) of the 28 plans within 50 miles whose economic sector is Health Care and Social Assistance and have at least 366 total participants. That $26,009 compares to an average of $8,911 across those 28 plans.

Beating the average of $8,911 means an extra $6,257,986 in total assets.

Note: average account balance = total assets ÷ total participants

Broadmead, Inc. 401(K) Retirement Plan has these standings among those 28 peer plans:

average account balance = $26,009 (the highest)

total assets = $9,519,155 (2nd-most)

total participants = 366 (the fewest)

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References

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.
whose economic sector is. The economic sector is the first two 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.
total participants. Sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits. 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.
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.
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.

Profile

Broadmead, Inc. 401(K) Retirement Plan in Cockeysville, MD is in Maryland, its EIN is 521056690, its industry group is Nursing and Residential Care Facilities, its plan administrator is Tara Evans, for Tag Resources, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, is a single-employer plan, its business code is 623000, has 100 to 499 total participants, is worse 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 active-participant contributions per head, 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, total administrative expenses, and total administrative expense ratio.

Numeric values:

total assets at beginning of plan year ($11,199,285)
total assets ($9,519,155)
net assets (assets minus liabilities) ($9.50M)
value of interest in pooled separate accounts ($9,144,180)
total contributions ($904,427)
total expenses ($880,483)
cash contributions from participants ($594,205)
cash contributions from employers ($296,644)
value of funds held in insurance company general account (unallocated contracts) ($191,823)
participant loans ($180,286)
contract administrator fees ($81,733)
total administrative expenses ($81,733)
average account balance ($26,009)
average employer+participant cash contribution per active participant ($3,312)
average participant cash contribution per active participant ($2,209)
receivables participant contributions ($2,051)
average employer cash contribution per active participant ($1,103)
receivables employer contributions ($815)
total administrative expense per participant ($223.31)
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 common/collective trusts ($0)
value of interest in master trust investment accounts ($0.0K)
value of interest in 103-12 investment entities ($0)
value of interest in registered investment companies (e.g., mutual funds) ($0.0K)
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 (-$4,590)
total income (-$799,647)
net income (-$1,680,130)
earnings on investments (-$1,704,074)
net earnings on investments (-$1,704,074)
percentage of active participants (73.5%)
diversity of asset types (6.1%)
participant loans as a percentage of plan assets (1.89%)
total administrative expense ratio (0.860%)
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 (-15.0%)
yield on beginning-of-plan-year total assets (-15.22%)
active participants (269)
deceased participants whose beneficiaries receive or are entitled to benefits (0)
living participants (366)
other retired or separated participants entitled to future benefits (90)
retired or separated participants receiving benefits (7)
total participants (366)

Global References

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	in region
	total participants
	average account balance
	within 50 miles
	whose economic sector is
	net assets (assets minus liabilities)
	self-administered by the plan sponsor, or not
	value of interest in pooled separate accounts

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Benchmarking Broadmead, Inc. 401(K) Retirement Plan in Cockeysville, MD against

most-similar plans

a group of plans you select