Benchmarking Kenona Industries LLC 401(K) Plan in Grand Rapids, MI against all plans
Kenona Industries LLC 401(K) Plan in Grand Rapids, MI has the 9th-highest net income per total participant (-$1,068) of the 64 plans whose industry group is Other General Purpose Machinery Manufacturing and don't provide for automatic enrollment. That -$1,068 compares to an average of -$7,787 across those 64 plans.
Beating the average of -$7,787 means an extra $1,417,708 in net income.
Note: net income per total participant = net income ÷ total participants
Kenona Industries LLC 401(K) Plan has these standings among those 64 peer plans:
Beating the average of -$7,787 means an extra $1,417,708 in net income.
Note: net income per total participant = net income ÷ total participants
Kenona Industries LLC 401(K) Plan has these standings among those 64 peer plans:
- net income per total participant = -$1,068 (9th-highest)
- net income = -$225,330 (10th-highest)
- total participants = 211 (18th-most)
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Peers
beat out by PDC 401(K) and Profit Sharing Plan in Warminster, PA ($4,570), Flux Power, Inc. 401(K) Plan in Vista, CA ($856.30), Angstrom Automotive Group, LLC 401(K) Plan in Southfield, MI ($516.90), and Summit Casing Services, LLC 401(K) Plan in Fort Worth, TX ($476.90), and 4 others, ending with Coughlin Company/Midstate 401k Plan in St George, UT (-$1,028).
beat Applegate Greenfiber Acquisitions, LLC 401(K) Retirement Savings Plan in Charlotte, NC (-$1,290), K Tech Machine Inc 401k Plan in San Marcos, CA (-$1,364), Kerr Pumps 401(K) Retirement Plan in Sulphur, OK (-$1,381), and Atlas-Ssi, Inc. 401(K) Savings Plan in Monticello, MS (-$1,384), and 51 others, ending with Trident Precision Manufacturing, Inc. Retirement Savings Plan in Webster, NY (-$26,299).
beat Applegate Greenfiber Acquisitions, LLC 401(K) Retirement Savings Plan in Charlotte, NC (-$1,290), K Tech Machine Inc 401k Plan in San Marcos, CA (-$1,364), Kerr Pumps 401(K) Retirement Plan in Sulphur, OK (-$1,381), and Atlas-Ssi, Inc. 401(K) Savings Plan in Monticello, MS (-$1,384), and 51 others, ending with Trident Precision Manufacturing, Inc. Retirement Savings Plan in Webster, NY (-$26,299).
References
- 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.
- 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.
- 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.