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Benchmarking Engineered Glass Products, LLC Union Savings Plan in Chicago, IL against all plans

 

Of the 119 plans in Chicago, IL that have at least a $21,408 average account balance, Engineered Glass Products, LLC Union Savings Plan in Chicago, IL is one of just 3 that are not covered by a fidelity bond.

Visualize

 
 

Peers

Engineered Glass Products, LLC Union Savings Plan in Chicago, IL ($21,408), with Sertifi Plan in Chicago, IL ($28,265) and D'Escoto, Inc. 401(K) Plan in Chicago, IL ($57,509).

Taking Action

Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.

References

  1. average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f 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.
  2. in city. Values were kept only if they occurred at least 20 times. 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. covered by a fidelity bond. A 'yes' value is good. Line 4e from Schedule H. A plan is covered by a fidelity bond only if the plan itself (as opposed to the plan sponsor or administrator) is a named insured under a fidelity bond from an approved surety covering plan officials and that protects the plan from losses due to fraud or dishonesty as described in 29 CFR Part 2580. Generally, every plan official of an employee benefit plan who ‘‘handles’’ funds or other property of such plan must be bonded. Generally, a person shall be deemed to be ‘‘handling’’ funds or other property of a plan, so as to require bonding, whenever his or her duties or activities with respect to given funds are such that there is a risk that such funds could be lost in the event of fraud or dishonesty on the part of such person, acting either alone or in collusion with others. 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.