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Benchmarking Springfield Industrial Services 401(K) Retirement Plan in Springfield, OH against all plans

 

Springfield Industrial Services 401(K) Retirement Plan in Springfield, OH has the 12th-lowest percentage of active participants (57.5%) among the 175 plans within 50 miles that are an ERISA section 404(c) plan, don't provide for automatic enrollment, and have 100 to 499 total participants. That 57.5% compares to an average of 80.8% across those 175 plans.

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

Springfield Industrial Services 401(K) Retirement Plan has these standings among those 175 peer plans:

  • percentage of active participants = 57.5% (12th-lowest)

  • active participants = 88 (15th-fewest, tied)

  • total participants = 153 (63rd-fewest)

Visualize

 
 

Peers

outdone by Fast Switch 401(K) Plan in Dublin, OH (21.6%), Creative World of Child Care Inc 401k Plan in Dayton, OH (36.3%), The Retirement Plan for The Team Members of Cosi in Columbus, OH (37.2%), and Pathmark HR, Inc. 401(K) PSP in Columbus, OH (40.9%), and 7 others, ending with Cdo Technologies 401k Retirement Plan in Dayton, OH (57.4%).

outdid Millat Industries Corporation 401k Profit Sharing Plan in Dayton, OH (59.4%), Sobran Inc. 401(K) Profit Sharing Plan in Dayton, OH (61.4%), Chancellor Health Partners, LLC 401(K) Plan in Columbus, OH (62.5%), and St. Vincent Family Services Employee Retirement Plan in Columbus, OH (62.6%), and 159 others, ending with Merchants Security Service of Dayton Ohio, Inc. Profit Sharing Plan in Dayton, OH (98.8%).

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. an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F 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.
  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.
  4. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.
  5. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.