Benchmarking Ideal Home Health Retirement Plan in Brooklyn Ny, NY against all plans
Ideal Home Health Retirement Plan in Brooklyn Ny, NY has the lowest average account balance ($1,514) of the 10,100 plans with at least $1,250 in average employer cash contribution per active participant (Ideal Home Health Retirement Plan is at $1,323).
That is, among those 10,100 plans that do well or OK on one measure, Ideal Home Health Retirement Plan does least well on a related measure. That $1,514 compares to an average of $33,303 across those 10,100 plans.
Reaching the average of $33,303 would imply an extra $52,770,260 in total assets.
Note: average account balance = total assets ÷ total participants
Ideal Home Health Retirement Plan has these standings among those 10,100 peer plans:
That is, among those 10,100 plans that do well or OK on one measure, Ideal Home Health Retirement Plan does least well on a related measure. That $1,514 compares to an average of $33,303 across those 10,100 plans.
Reaching the average of $33,303 would imply an extra $52,770,260 in total assets.
Note: average account balance = total assets ÷ total participants
Ideal Home Health Retirement Plan has these standings among those 10,100 peer plans:
- average account balance = $1,514 (the lowest)
- total assets = $2,513,067 (1,007th-least)
- total participants = 1,660 (3rd-most)
Visualize
Peers
trailed Hamilton Staffing Solutions In 401(K) Profit Sharing Plan & Trust in Montverde, FL ($1,654), TSR Concrete Coatings LLC 401(K) Plan in Lena, IL ($2,257), Pon North America Inc. Defined Contribution Plan in Houston, TX ($2,269), and Barnes Crossing Auto Group 401(K) Plan in Saltillo, MS ($2,749), and 10,095 others, ending with Judith Bukberg Retirement Plan in New York, NY ($1,194,849).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f 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.
- average employer cash contribution per active participant. Higher values are better. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) 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.