Benchmarking Greenslate LLC 401(K) Plan in Delhi, NY against all plans
Of the 75 plans whose industry group is Accounting, Tax Preparation, Bookkeeping, and Payroll Services and have at least $4,603,051 in total assets, Greenslate LLC 401(K) Plan in Delhi, NY is one of just 11 that are 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.
Greenslate LLC 401(K) Plan has these standings among those 75 peer plans plus nationwide comparisons:
Greenslate LLC 401(K) Plan has these standings among those 75 peer plans plus nationwide comparisons:
- net income per total participant = $460.50 (14th-highest)
the nationwide average is -$5,540 - average account balance = $26,454 (27th-lowest)
the nationwide average is $24,947 - average participant cash contribution per active participant = $3,856 (28th-lowest)
the nationwide average is $3,880 - average employer cash contribution per active participant = $1,455 (33rd-lowest)
the nationwide average is $1,477 - total administrative expense per participant = $175.49 (30th-highest)
the nationwide average is $124.36
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Peers
Greenslate LLC 401(K) Plan in Delhi, NY ($4,603,051), with Allied Employer Group 401(K) Retirement Plan in Abilene, TX ($4,645,164), Lotus HR, Inc. 401(K) Plan in Montgomery, AL ($5,027,497), Combined Management, Inc. 401(K) Profit Sharing Plan in Lewiston, ME ($5,714,844), and Avalon HR 401k Plan in Pensacola, FL ($6,183,442), and 6 others, ending with Inova Payroll, Inc. 401(K) Plan in Nashville, TN ($9,557,301).
References
- 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.
- 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.
- are worse than the overall participant averages in. Smaller sets are better. (1) The average nationwide value of net income per total participant is -$5,540, so worse is below that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $24,947, so worse is below that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $3,880, so worse is below that. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $1,477, so worse is below that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $124.36, so worse is above that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.