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Benchmarking Minol USA 401(K) Retirement Plan in Addison, TX against all plans

 

Minol USA 401(K) Retirement Plan in Addison, TX has the highest diversity of asset types (30.2%) among all the 46 Texas plans whose industry group is Management, Scientific, and Technical Consulting Services. That 30.2% compares to an average of 8.7% across those 46 plans.

Minol USA 401(K) Retirement Plan has these standings among those 46 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 30.2% (the highest)

  • receivables - participant contributions = $15,180 (5th-most)

  • participant loans = $70,040 (14th-most)

  • value of interest in common/collective trusts = $1,931,873 (the highest)

  • value of interest in pooled separate accounts = $2,290,905 (6th-highest)

  • value of funds held in insurance company general account (unallocated contracts) = $272,027 (4th-highest)

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Peers

beat Opensymmetry, LLC Employee Savings Trust in West Lake Hills, TX (29.6%), Xpel, Inc. Retirement Trust in San Antonio, TX (27.2%), Approved Cash Advance 401(K) Plan in Colleyville, TX (24.2%), and Austin Csi, LLC 401(K) Plan in Plano, TX (23.6%), and 41 others, ending with Mythic Inc 401(K) Plan in Round Rock, TX (1.5%).

References

  1. diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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. in state. 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.