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Benchmarking Service Alternatives 401(K) Retirement & Savings Plan in Oak Harbor, WA against all plans

 

Service Alternatives 401(K) Retirement & Savings Plan in Oak Harbor, WA has the 5th-biggest drop in total assets during the plan year (-28.5%) among the 69 plans within 50 miles that provide for automatic enrollment. That -28.5% compares to an average of 0.9% across those 69 plans.

Coming in under the average of 0.9% corresponds to a decrease of $1,840,602 in total assets.

Service Alternatives 401(K) Retirement & Savings Plan has these standings among those 69 peer plans related to total assets:

  • growth in total assets during the plan year = -28.5% (5th-lowest)

  • total assets at beginning of plan year = $6,254,685 (31st-most)

  • total assets = $4,474,731 (25th-least)

  • asset transfers to the plan = $0 (the least in, tied)

  • asset transfers from the plan = $0 (the least in, tied)

  • cash contributions from participants = $335,710 (12th-least)

  • cash contributions from employers = $94,460 (26th-least)

  • total contributions = $430,170 (14th-least)

  • net income = -$1,779,954 (7th-lowest)

  • net earnings on investments = -$1,294,185 (19th-lowest)

  • yield on beginning-of-plan-year total assets = -20.69% (7th-lowest)

Visualize

 
 

Peers

outdone by ASKO Processing, Inc. Employees' Retirement Plan and Trust in Seattle, WA (-39.6%), Edmodo, Inc. 401(K) Profit Sharing Plan and Trust in Seattle, WA (-36.6%), Skagit Horticulture L. L. C. 401(K) Savings Plan in Mount Vernon, WA (-30.8%), and SNBL USA, Ltd 401(K) Retirement Savings Plan in Everett, WA (-29.4%).

outdid M.Torres America, Inc. 401(K) Plan in Lynnwood, WA (-27.3%), Umbra Cuscinetti, Inc. 401(K) Plan in Everett, WA (-24.4%), Pacific Living Properties 401(K) Profit Sharing Plan and Trust in Kirkland, WA (-23.1%), and Lake Union Sea Ray 401k Profit Sharing Plan in Seattle, WA (-22.4%), and others, ending with Fabric 401(K) Plan in Seattle, WA (116.6%).

References

  1. 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.
  2. growth in total assets during the plan year. Growth in total assets during the plan year equals the percentage change in total assets at end of plan year (Line 1f(b) from Schedule H) as compared to the total assets at beginning of plan year (Line 1f(a) from Schedule H. To qualify for growth in total assets during the plan year, the number of total assets at beginning of plan year 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.
  3. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.