Benchmarking Gazelle Sports Employee Savings Plan in Kalamazoo, MI against all plans
Gazelle Sports Employee Savings Plan in Kalamazoo, MI has the least participant loans as a percentage of plan assets (0.00%) among the 46 plans whose industry group is Sporting Goods, Hobby, and Musical Instrument Stores. That 0.00% compares to an average of 1.22% across those 46 plans.
Beating the average of 1.22% means a savings of $44,173 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Gazelle Sports Employee Savings Plan has these standings among those 46 peer plans:
Beating the average of 1.22% means a savings of $44,173 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Gazelle Sports Employee Savings Plan has these standings among those 46 peer plans:
- participant loans as a percentage of plan assets = 0.00% (the least, tied)
- participant loans = $0 (the least in, tied)
- total assets = $3,631,775 (20th-least)
Visualize
Peers
tied with True Fitness Technology, Inc. Profit Sharing Plan in Ofallon, MO, Erik's Bike Shop, Inc. 401(K) Retirement Plan in Minneapolis, MN, Als Sporting Goods Inc in Logan, UT, Fin Feather Fur Outfitters Profit Sharing 401k Plan in Ashland, OH, and 6 others, all with 0.00%.
beat Boombah, Inc. 401(K) Plan in Yorkville, IL (0.11%), Concourse 401(K) Plan in Fenton, MO (0.12%), Nic & Zoe Company 401(K) Profit Sharing Plan & Trust in Natick, MA (0.23%), and Marshall Music Company Employee 401(K) Profit Sharing Plan in Lansing, MI (0.30%), and 31 others, ending with Assemblers, Inc. 401(K) Plan in Chattanooga, TN (5.52%).
beat Boombah, Inc. 401(K) Plan in Yorkville, IL (0.11%), Concourse 401(K) Plan in Fenton, MO (0.12%), Nic & Zoe Company 401(K) Profit Sharing Plan & Trust in Natick, MA (0.23%), and Marshall Music Company Employee 401(K) Profit Sharing Plan in Lansing, MI (0.30%), and 31 others, ending with Assemblers, Inc. 401(K) Plan in Chattanooga, TN (5.52%).
References
- whose industry group is. The industry group is the first four 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.
- 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.