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Benchmarking Associated Administrators LLC 401(K) PS Plan in Sparks, MD against all plans

 

Associated Administrators LLC 401(K) PS Plan in Sparks, MD has the 5th-lowest percentage of active participants (56.3%) among the 62 plans whose industry group is Agencies, Brokerages, and Other Insurance Related Activities and provide for automatic enrollment. That 56.3% compares to an average of 75.2% across those 62 plans.

Note: percentage of active participants =
(100 * active participants) ÷ total participants

Associated Administrators LLC 401(K) PS Plan has these standings among those 62 peer plans:

  • percentage of active participants = 56.3% (5th-lowest)

  • active participants = 182 (26th-most)

  • total participants = 323 (14th-most)

Visualize

 
 

Peers

outdone by Super Home 401(K) Plan in San Francisco, CA (47.3%), Bolt 401(K) Plan in Austin, TX (47.5%), The Insurance House, Inc. Savings Plan in Atlanta, GA (50.8%), and Advocate Health 401(K) Plan in Englewood, FL (53.2%).

outdid UTG, Inc. 401(K) Plan in Stanford, KY (56.7%), Cobalt 401(K) Plan in Overland Park, KS (58.6%), Ethos Technologies, Inc. 401(K) Plan in Austin, TX (58.8%), and Ideal Concepts, Inc. 401(K) Plan in Allentown, PA (58.9%), and 53 others, ending with Independence Pet Group 401(K) Retirement Plan in Washington, DC (95.3%).

References

  1. 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.
  2. 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.
  3. percentage of active participants. At end of plan year. Percentage of active participants equals active participants, Line 6a(2) in Form 5500, divided by total participants, Line 6f of Form 5500, times 100. 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.