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Benchmarking The Life Properties 401(K) Profit Sharing Plan in New York, NY against all plans

 

The Life Properties 401(K) Profit Sharing Plan in New York, NY has the 11th-lowest yield on beginning-of-plan-year total assets (-22.76%) among the 580 plans whose industry group is Activities Related to Real Estate. That -22.76% compares to an average of -16.64% across those 580 plans.

Reaching the average of -16.64% would imply an extra $40,750 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

The Life Properties 401(K) Profit Sharing Plan has these standings among those 580 peer plans:

  • yield on beginning-of-plan-year total assets = -22.76% (11th-lowest)

  • net earnings on investments = -$151,583 (14th-highest)

  • total assets at beginning of plan year = $666,009 (5th-least)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $449,006

  • cash contributions from employers = $225,087

  • total contributions = $753,030

Visualize

 
 

Peers

better than Envision Contractors, LLC Retirement Savings Plan in Owensboro, KY (-37.74%), Engrain 401(K) Plan in Greenwoood Village, CO (-26.20%), Pacaso 401(K) Plan in Cincinnati, OH (-25.91%), and Indio Management 401(K) Plan in Dallas, TX (-24.51%), and 6 others, ending with Sundae 401(K) Plan in San Francisco, CA (-22.92%).

trailed Shamrock Home Loans, Inc. 401(K) Plan in Rumford, RI (-22.71%), Weinstein Properties Employees' 401(K) Plan in Glen Allen, VA (-22.69%), Giri Hotel Management LLC 401(K) Plan in Quincy, MA (-22.54%), and Portico Property Management 401k Plan in Katy, TX (-22.21%), and others, ending with Proplogix, LLC Retirement Plan in Sarasota, FL (18.52%).

References

  1. 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.
  2. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.