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Benchmarking Argos USA Union 401(K) Plan in Alpharetta, GA against all plans

 

Argos USA Union 401(K) Plan in Alpharetta, GA has the 10th-most participant loans as a percentage of plan assets (6.03%) among the 544 plans within 50 miles. That 6.03% compares to an average of 1.49% across those 544 plans.

Reaching the average of 1.49% would imply a savings of $377,780 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Argos USA Union 401(K) Plan has these standings among those 544 peer plans:

  • participant loans as a percentage of plan assets = 6.03% (10th-most)

  • participant loans = $500,844 (the most)

  • total assets = $8,312,509 (61st-most)

Visualize

 
 

Peers

better than Taylor Transport 401(K) Plan in Cartersville, GA (9.93%), Presbyterian Homes of Georgia Retirement Plan in Austell, GA (9.68%), Kennesaw Transporation, Inc. 401(K) Plan in Rydal, GA (9.16%), and Southern States, LLC Hourly Employees Savings Plan in Hampton, GA (8.77%), and 5 others, ending with Southern Tea, LLC Bargaining Unit Employees 401(K) Pension Plan in Marietta, GA (6.13%).

exceeded John B Hancock 401(K) Plan in Alpharetta, GA (6.02%), Quality Foods 401(K) Plan in Commerce, GA (5.60%), Sterling Restaurants, LLC 401k Plan in Atlanta, GA (5.53%), and Softpath System, LLC 401k Profit Sharing Plan and Trust in Norcross, GA (5.26%), and 530 others, ending with Castellucci Hospitality Group 401(K) Profit Sharing Plan & Trust in Duluth, GA (0.00%).

References

  1. participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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. 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.