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Benchmarking Saf-T-Cab, Inc. 401(K) Plan in Fresno, CA against all plans

 

Saf-T-Cab, Inc. 401(K) Plan in Fresno, CA has the lowest yield on beginning-of-plan-year total assets (-23.42%) among the 300 plans whose economic sector is Manufacturing and have at least $9,214,821 in total assets. That -23.42% compares to an average of -16.06% across those 300 plans.

Reaching the average of -16.06% would imply an extra $855,312 in net earnings on investments.

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

Saf-T-Cab, Inc. 401(K) Plan has these standings among those 300 peer plans:

  • yield on beginning-of-plan-year total assets = -23.42% (the lowest)

  • net earnings on investments = -$2,719,968 (3rd-lowest)

  • total assets at beginning of plan year = $11,616,103 (112th-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 = $377,384

  • cash contributions from employers = $158,009

  • total contributions = $535,393

Visualize

 
 

Peers

after Saf-T-Cab, Inc. 401(K) Plan in Fresno, CA (-23.42%, $9,214,821), closest are JBI, LLC 401(K) Plan in Long Beach, CA (-23.39%, $9,294,390), Integrated Liner Technologies 401(K) Profit Sharing Plan & Trust in Rensselaer, NY (-22.59%, $9,915,632), Fecon 401(K) Profit Sharing Plan in Lebanon, OH (-22.24%, $9,995,263), and Winpak Heat Seal Corporation GCC/IBT Local 568-M Employee Savings Plan in Pekin, IL (-22.19%, $9,249,363), ending with NFM Welding Engineers, Inc. 401(K) Profit Sharing Plan in Massillon, OH (-6.44%, $9,381,605).

References

  1. 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.
  2. total assets. At end of plan year. Line 1f(b) from Schedule H. 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.