Benchmarking Lutco, Inc. 401(K) Plan in Worcester, MA against all plans
Lutco, Inc. 401(K) Plan in Worcester, MA has the highest average account balance ($66,028) of the 262 plans whose industry group is Other Fabricated Metal Product Manufacturing and have at least 146 total participants. That $66,028 compares to an average of $27,153 across those 262 plans.
Beating the average of $27,153 means an extra $5,675,766 in total assets.
Note: average account balance = total assets ÷ total participants
Lutco, Inc. 401(K) Plan has these standings among those 262 peer plans:
Beating the average of $27,153 means an extra $5,675,766 in total assets.
Note: average account balance = total assets ÷ total participants
Lutco, Inc. 401(K) Plan has these standings among those 262 peer plans:
- average account balance = $66,028 (the highest)
- total assets = $9,640,054 (8th-most)
- total participants = 146 (the fewest, tied)
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Peers
after Lutco, Inc. 401(K) Plan in Worcester, MA ($66,028, 146), closest are BTM Company LLC Employees' 401(K) Plan and Trust in Marysville, MI ($64,005, 146), Therm-Tech of Waukesha, Inc. 401(K) Savings Plan in Waukesha, WI ($61,477, 151), Low Temp Industries, Inc. Savings and Profit Sharing Plan in Jonesboro, GA ($60,751, 157), and United Flexible, Inc. 401(K) Plan in Romeoville, IL ($59,441, 168), ending with Evapco, Inc. Pretax Savings and Investment Plan in Taneytown, MD ($4,136, 1,709).
References
- 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.
- 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.
- total participants. Sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits. 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.