Benchmarking Laredo Transit Management, Inc. Retirement Plan in Laredo, TX against all plans
Laredo Transit Management, Inc. Retirement Plan in Laredo, TX has the 3rd-highest diversity of asset types (28.0%) among the 30 plans whose industry group is Other Transit and Ground Passenger Transportation. That 28.0% compares to an average of 13.4% across those 30 plans.
Laredo Transit Management, Inc. Retirement Plan has these standings among those 30 peer plans related to asset types (values of zero are not shown):
Laredo Transit Management, Inc. Retirement Plan has these standings among those 30 peer plans related to asset types (values of zero are not shown):
- diversity of asset types = 28.0% (3rd-highest)
- participant loans = $237,883 (2nd-most)
- value of interest in common/collective trusts = $415,141 (9th-highest)
- value of interest in registered investment companies (e.g., mutual funds) = $1.20M (10th-lowest, tied)
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Peers
beat out by Everdriven Technologies, LLC 401(K) Plan in St. George, UT (30.3%) and Tricare Medical Transportation 401(K) Profit Sharing Plan & Trust in Pleasantville, NJ (29.8%).
beat Hampton Jitney, Inc. 401(K) Retirement Savings Plan in Calverton, NY (27.3%), Eq United 401(K) Retirement Savings Plan in Elkhart, IN (26.7%), E Noa Corporation 401k Plan in Honolulu, HI (25.0%), and Buco Transportation, Inc. Profit Sharing Plan in Slippery Rock, PA (23.0%), and 23 others, ending with Groome Holdings, LLC 401(K) Plan in Richmond, VA (0.1%).
beat Hampton Jitney, Inc. 401(K) Retirement Savings Plan in Calverton, NY (27.3%), Eq United 401(K) Retirement Savings Plan in Elkhart, IN (26.7%), E Noa Corporation 401k Plan in Honolulu, HI (25.0%), and Buco Transportation, Inc. Profit Sharing Plan in Slippery Rock, PA (23.0%), and 23 others, ending with Groome Holdings, LLC 401(K) Plan in Richmond, VA (0.1%).
References
- diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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 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.