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Benchmarking Lumitex, LLC 401(K) Plan in Strongsville, OH against all plans

 

Lumitex, LLC 401(K) Plan in Strongsville, OH has the 10th-highest average account balance ($51,034) of the 107 plans within 50 miles that provide for automatic enrollment. That $51,034 compares to an average of $27,795 across those 107 plans.

Beating the average of $27,795 means an extra $2,974,558 in total assets.

Note: average account balance = total assets รท total participants

Lumitex, LLC 401(K) Plan has these standings among those 107 peer plans:

  • average account balance = $51,034 (10th-highest)

  • total assets = $6,532,306 (40th-most)

  • total participants = 128 (15th-fewest, tied)

Visualize

 
 

Peers

beat out by Rki, Inc. Employees' Profit Sharing & 401(K) Plan in Mentor, OH ($77,310), Dreison International 401(K) Savings and Retirement Plan in Cleveland, OH ($70,165), Healthcomp, Inc. 401(K) Plan in Cleveland, OH ($64,081), and Neograf Solutions, LLC 401(K) Plan in Lakewood, OH ($61,308), and 5 others, ending with The Arms Trucking Co. 401(K) Plan in East Claridon, OH ($51,851).

beat Ohio Real Title Agency, LLC 401(K) Profit Sharing Plan and Trust in Cleveland, OH ($46,739), Young Truck Sales, Inc. 401 (K) Plan in Canton, OH ($45,791), The Elyria Manufacturing Corporation Profit Sharing Plan and Trust in Elyria, OH ($45,444), and Bloomington Medical Services, LLC 401(K) Plan in Wooster, OH ($45,342), and 93 others, ending with Slayton Wireless, LLC 401(K) Profit Sharing Plan in Twinsburg, OH ($2,569).

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. 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.
  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.