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Benchmarking P K Willis Company Inc 401k Plan in El Dorado Hills, CA against all plans

 

P K Willis Company Inc 401k Plan in El Dorado Hills, CA has the 12th-least participant loans as a percentage of plan assets (0.28%) among the 55 plans in California that are an ERISA section 404(c) plan, self-administered by the plan sponsor, don't provide for automatic enrollment, whose economic sector is Administrative and Support and Waste Management and Remediation Services, and have 100 to 499 total participants. That 0.28% compares to an average of 1.95% across those 55 plans.

Beating the average of 1.95% means a savings of $76,876 in participant loans.

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

P K Willis Company Inc 401k Plan has these standings among those 55 peer plans:

  • participant loans as a percentage of plan assets = 0.28% (12th-least)

  • participant loans = $12,948 (14th-least)

  • total assets = $4,612,061 (22nd-most)

Visualize

 
 

Peers

beat out by Prosum, Inc. 401(K) Plan in El Segundo, CA (0.00%), Universal Waste Systems, Inc. 401(K) Plan in Santa Fe Springs, CA (0.00%), R&D Partners 401(K) Plan in San Diego, CA (0.00%), and Inconen 401(K) Plan in Culver City, CA (0.00%), and 7 others, ending with Bayside Solutions Inc 401k Profit Sharing Plan & Trust in Tracy, CA (0.09%).

beat Fntech 401(K) Profit Sharing Plan in Santa Ana, CA (0.29%), Riviera Partners 401(K) Plan in Tiburon, CA (0.31%), Pacific Green Landscape, Inc. 401(K) Plan in Lakeside, CA (0.34%), and Hybe America Inc. 401(K) Profit Sharing Plan in Santa Monica, CA (0.43%), and 39 others, ending with Golden West Tire Centers, LLC 401(K) Plan in Los Alamitos, CA (7.89%).

References

  1. 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.
  2. provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a 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.
  3. an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F within Line 8a 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.
  4. whose economic sector is. The economic sector is the first two 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.
  5. 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.
  6. 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.
  7. total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.