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Benchmarking Label-Aire 401(K) Retirement and Savings Plan in Fullerton, CA against all plans

 

Of the 1,332 plans within 50 miles, only Label-Aire 401(K) Retirement and Savings Plan in Fullerton, CA has both such a high average account balance ($68,031) and such a high yield on beginning-of-plan-year total assets (-12.76%).

So, any other plan with as high an average account balance also has lower yield on beginning-of-plan-year total assets. Likewise, any other plan with as high a yield on beginning-of-plan-year total assets also has lower average account balance.

Note: average account balance = total assets ÷ total participants

Label-Aire 401(K) Retirement and Savings Plan has these standings among those 1,332 peer plans:

  • average account balance = $68,031 (27th-highest)

  • total assets = $6,803,072 (300th-most)

  • total participants = 100 (49th-fewest, tied)



Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Label-Aire 401(K) Retirement and Savings Plan has these standings among those 1,332 peer plans:

  • yield on beginning-of-plan-year total assets = -12.76% (84th-highest)

  • net earnings on investments = -$1,038,658 (432nd-lowest)

  • total assets at beginning of plan year = $8,140,619 (270th-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $271,709

  • cash contributions from employers = $65,780

  • total contributions = $338,681

Visualize

 
 

Peers

closest are Unico American Corporation Profit Sharing Plan in Calabasas, CA ($91,558, -13.49%), Mattco Forge, Inc. 401(K) Plan in Paramount, CA ($68,382, -14.19%), Signal Products, Inc. Profit Sharing Plan in Los Angeles, CA ($78,571, -14.22%), and Custom Control Sensors, LLC 401(K) Plan in Chatsworth, CA ($68,932, -14.35%), ending with Input 1, LLC Savings and Retirement Plan in Woodland Hills, CA ($82,695, -22.01%).

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. 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.
  3. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(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.