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Benchmarking Biolife Solutions, Inc 401(K) Plan in Bothell, WA against all plans

 

Biolife Solutions, Inc 401(K) Plan in Bothell, WA has the 4th-most in total assets ($9,987,987) of the 1,634 plans that are better than the overall participant averages in each of net income per total participant, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (4 total). Those $9,987,987 compare to an average of $5,620,164 across the 1,634 plans.

Biolife Solutions, Inc 401(K) Plan has these standings among those 1,634 peer plans plus nationwide comparisons:

  • net income per total participant = $841.00 (797th-lowest)
    the nationwide average is -$5,540

  • average account balance = $17,103 (392nd-lowest)
    the nationwide average is $24,947

  • average participant cash contribution per active participant = $4,234 (200th-lowest)
    the nationwide average is $3,880

  • average employer cash contribution per active participant = $2,209 (469th-lowest)
    the nationwide average is $1,477

  • total administrative expense per participant = $38.55 (804th-highest)
    the nationwide average is $124.36

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Peers

outdone by Landmark Dividend LLC 401(K) Plan in El Segundo, CA ($9,998,308), Element Biosciences 401(K) Plan in San Diego, CA ($9,998,114), and Onxmaps, Inc. 401(K) Plan in Missoula, MT ($9,989,357).

outdid Siteimprove, Inc. 401(K) Plan in Bloomington, MN ($9,987,173), Poppy Bank 401(K) Retirement Plan in Santa Rosa, CA ($9,983,037), Bank of Labor Retirement Plan in Kansas City, KS ($9,980,628), and Corvus Insurance Holdings 401(K) Plan in Boston, MA ($9,973,032), and 1,626 others, ending with Accessdx 401(K) Plan in Houston, TX ($1,009,995).

References

  1. 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.
  2. total assets. At end of plan year. Line 1f(b) from Schedule H. 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.