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Benchmarking Pac Strapping Products, Inc. & U.S. Strapping Company Inc. 401(K) Retirement Savings and Profit Sharing Plan in Exton, PA against all plans

 

Pac Strapping Products, Inc. & U.S. Strapping Company Inc. 401(K) Retirement Savings and Profit Sharing Plan in Exton, PA has the 9th-highest yield on beginning-of-plan-year total assets (-11.39%) among the 314 plans in Pennsylvania that provide for automatic enrollment. That -11.39% compares to an average of -16.38% across those 314 plans.

Beating the average of -16.38% means an extra $328,231 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) รท total assets at beginning of plan year

Pac Strapping Products, Inc. & U.S. Strapping Company Inc. 401(K) Retirement Savings and Profit Sharing Plan has these standings among those 314 peer plans:

  • yield on beginning-of-plan-year total assets = -11.39% (9th-highest)

  • net earnings on investments = -$748,285 (102nd-highest)

  • total assets at beginning of plan year = $6,571,437 (153rd-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $255,751

  • cash contributions from employers = $173,926

  • total contributions = $572,033

Visualize

 
 

Peers

beat out by Dobil Laboratories Inc 401 K Profit Sharing Plan Trust in Glenshaw, PA (3.07%), United Refractories Co. Thrift Savings Plan in McMurray, PA (2.68%), The Muncy Bank & Trust Company 401(K) Plan in Muncy, PA (-6.70%), and American Asphalt Paving Co. Profit Sharing & in Shavertown, PA (-9.02%), and 4 others, ending with Cedar Haven Healthcare Center 401(K) Plan in Lebanon, PA (-11.25%).

beat S. Clyde Weaver, Inc. 401(K) Plan in East Petersburg, PA (-11.65%), Magna5 Ms Holdings LLC 401(K) Plan in Pittsburgh, PA (-11.82%), Liberty Electronics, Inc. 401k Plan in Franklin, PA (-11.83%), and Family Services, Inc. 401(K) Plan in Altoona, PA (-11.83%), and others, ending with Fishtown Analytics 401(K) Plan in Philadelphia, PA (-25.44%).

References

  1. 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.
  2. in state. 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.
  3. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.