Benchmarking Shively Bros., Inc. Profit Sharing Plan in Flint, MI against all plans
Shively Bros., Inc. Profit Sharing Plan in Flint, MI has the 11th-highest yield on beginning-of-plan-year total assets (-14.88%) among the 33 plans in Michigan that don't provide for automatic enrollment and whose economic sector is Wholesale Trade. That -14.88% compares to an average of -16.32% across those 33 plans.
Beating the average of -16.32% means an extra $103,276 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
Shively Bros., Inc. Profit Sharing Plan has these standings among those 33 peer plans:
Beating the average of -16.32% means an extra $103,276 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
Shively Bros., Inc. Profit Sharing Plan has these standings among those 33 peer plans:
- yield on beginning-of-plan-year total assets = -14.88% (11th-highest)
- net earnings on investments = -$1,066,068 (15th-highest)
- total assets at beginning of plan year = $7,163,919 (14th-most)
- asset transfers to the plan = $0
- asset transfers from the plan = $0
- cash contributions from participants = $529,842
- cash contributions from employers = $79,300
- total contributions = $609,142
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Peers
beat out by Agh 401(K) Plan in Walkerville, MI (-10.92%), Vintech Industries Inc 401(K) Profit Sharing Plan & Trust in Imlay City, MI (-11.16%), Lagrasso Brothers, Inc. 401(K) Plan in Detroit, MI (-11.75%), and Wimsatt Building Materials 401(K) PS Plan & Trust in Novi, MI (-13.70%), and 6 others, ending with Technical Solutions Holdings 401(K) Plan in Sterling Heights, MI (-14.84%).
beat Cleary-Union Joint Savings & Retirement Plan in Madison Heights, MI (-15.16%), Leonard Fountain Specialities 401(K) Profit Sharing Plan & Trust in Detroit, MI (-15.30%), American Gas & Oil, Inc. 401(K) Profit Sharing Plan in Sparta, MI (-15.33%), and KSS Enterprises 401(K) Plan in Kalamazoo, MI (-15.89%), and others, ending with Poly Flex Products, Inc. 401(K) Profit Sharing Plan in Farmington Hills, MI (-24.24%).
beat Cleary-Union Joint Savings & Retirement Plan in Madison Heights, MI (-15.16%), Leonard Fountain Specialities 401(K) Profit Sharing Plan & Trust in Detroit, MI (-15.30%), American Gas & Oil, Inc. 401(K) Profit Sharing Plan in Sparta, MI (-15.33%), and KSS Enterprises 401(K) Plan in Kalamazoo, MI (-15.89%), and others, ending with Poly Flex Products, Inc. 401(K) Profit Sharing Plan in Farmington Hills, MI (-24.24%).
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 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.
- 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.
- 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.