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Benchmarking Managed Career Solutions, Inc. 401(K) Plan in Los Angeles, CA against all plans

 

Managed Career Solutions, Inc. 401(K) Plan in Los Angeles, CA has the 12th-highest diversity of asset types (18.7%) among the 79 plans whose industry group is Vocational Rehabilitation Services, are self-administered by the plan sponsor, and don't provide for automatic enrollment. That 18.7% compares to an average of 10.2% across those 79 plans.

Managed Career Solutions, Inc. 401(K) Plan has these standings among those 79 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 18.7% (12th-highest)

  • participant loans = $20,276 (30th-most)

  • value of interest in registered investment companies (e.g., mutual funds) = $1.30M (31st-lowest, tied)

  • value of funds held in insurance company general account (unallocated contracts) = $402,071 (17th-highest)

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Peers

beat out by Goodwill Industries of Ne Iowa, Inc. 401(K) Profit Sharing Plan in Waterloo, IA (34.4%), Goodwill Industries of San Joaquin Valley, Inc. 401(K) Retirement Plan in Stockton, CA (24.1%), New York Center for Rehabilitation and Nursing Employee Retirement Plan in Astoria, NY (21.8%), and 403(B) Thrift Plan for Employees of Enmrsh, Inc. in Clovis, NM (21.4%), and 7 others, ending with Tresco, Inc. 401(K) Plan in Las Cruces, NM (19.1%).

beat Brevard Achievement Center, Inc. 401(K) Savings Plan in Rockledge, FL (18.3%), The Rehabilitation Center Retirement Plan in Olean, NY (18.1%), Goodwill Industries of Dallas, Inc. 403(B) Tax-Deferred Annuity in Dallas, TX (17.9%), and Carc Inc. 401k Plan in Lake Charles, LA (17.9%), and 63 others, ending with Southern Oregon Aspire Inc 403(B) Plan in Grants Pass, OR (0.0%).

References

  1. self-administered by the plan sponsor. 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. 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.
  3. 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.
  4. 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.