Benchmarking Versique 401(K) Plan in Minneapolis, MN against all plans
Versique 401(K) Plan in Minneapolis, MN has the 10th-highest average participant cash contribution per active participant ($7,003) of the 282 plans whose industry group is Employment Services and don't provide for automatic enrollment. That $7,003 compares to an average of $2,188 across those 282 plans.
Beating the average of $2,188 means an extra $707,683 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Versique 401(K) Plan has these standings among those 282 peer plans:
Beating the average of $2,188 means an extra $707,683 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants
Versique 401(K) Plan has these standings among those 282 peer plans:
- average participant cash contribution per active participant = $7,003 (10th-highest)
- cash contributions from participants = $1,029,384 (43rd-most)
- active participants = 147 (83rd-fewest, tied)
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Peers
beat out by World Payroll & HR LLC Retirement Savings Plan in Georgetown, SC ($15,190), Riviera Partners 401(K) Plan in Tiburon, CA ($12,327), The People Group 401(K) Plan in Portland, OR ($11,438), and Pay Plus Benefits, Inc. Retirement Plan in Kennewick, WA ($9,350), and 5 others, ending with Infotree Service Inc 401k Profit Sharing Plan and Trust in Plymouth, MI ($7,042).
beat R&D Partners 401(K) Plan in San Diego, CA ($6,976), Mountain Temp Services LLC 401(K) Plan and Trust in Aspen, CO ($6,771), Valiant Solutions LLC 401(K)Profit Sharing Plan and Trust in Lawrence, KS ($6,554), and Windsor HR Services 401k Savings Plan in Frisco, TX ($6,537), and others, ending with Presidion Solutions, Inc. 401(K) Plan in Royal Oak, MI ($0.00).
beat R&D Partners 401(K) Plan in San Diego, CA ($6,976), Mountain Temp Services LLC 401(K) Plan and Trust in Aspen, CO ($6,771), Valiant Solutions LLC 401(K)Profit Sharing Plan and Trust in Lawrence, KS ($6,554), and Windsor HR Services 401k Savings Plan in Frisco, TX ($6,537), and others, ending with Presidion Solutions, Inc. 401(K) Plan in Royal Oak, MI ($0.00).
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.
- average participant cash contribution per active participant. Higher values are better. 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. 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.