Benchmarking Advanced Nutrients 401(K) Plan in West Hollywood, CA against all plans
Advanced Nutrients 401(K) Plan in West Hollywood, CA, along with Bec 401(K) Plan in Dallas, TX, are the only two plans that are not self-administered by the plan sponsor, are a multiple-employer plan, and are better than the overall participant averages in each of net income per total participant, employer contributions per active participant, and total administrative expense per participant. Overall there are 3,089 plans that are better than the overall participant averages in those 3 measures.
Advanced Nutrients 401(K) Plan has these standings among those 44 peer plans plus nationwide comparisons:
Advanced Nutrients 401(K) Plan has these standings among those 44 peer plans plus nationwide comparisons:
- net income per total participant = -$151.00 (13th-highest)
the nationwide average is -$5,540 - average account balance = $7,350 (10th-lowest)
the nationwide average is $24,947 - average participant cash contribution per active participant = $2,965 (10th-highest)
the nationwide average is $3,880 - average employer cash contribution per active participant = $2,021 (4th-highest)
the nationwide average is $1,477 - total administrative expense per participant = $111.06 (20th-lowest)
the nationwide average is $124.36
References
- self-administered by the plan sponsor. 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.
- are better than the overall participant averages in. Bigger sets are better. (1) The average nationwide value of net income per total participant is -$5,540, so better is above that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $24,947, so better is above that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $3,880, so better is above that. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $1,477, so better is above that. 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. (5) The average nationwide value of total administrative expense per participant is $124.36, so better is below that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.
- are plan type. A plan is a multiemployer plan if: (a) more than one employer is required to contribute, (b) the plan is maintained pursuant to one or more collective bargaining agreements between one or more employee organizations and more than one employer; (c) an election under Code section 414(f)(5) and ERISA section 3(37)(E) has not been made; and (d) the plan meets any other applicable conditions of 29 CFR 2510.3-37. A single-employer plan for this Form 5500 reporting purpose is an employee benefit plan maintained by one employer or one employee organization. A multiple-employer plan is a plan that is maintained by more than one employer and is not one of the plans already described. 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.