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Benchmarking Rem 401(K) in Forest Park, IL against all plans

 

Rem 401(K) in Forest Park, IL has the 8th-lowest average employer+participant cash contribution per active participant ($29) of the 181 plans whose industry group is Other Professional, Scientific, and Technical Services. That $29 compares to an average of $18,449 across those 181 plans.

Reaching the average of $18,449 would imply an extra $7,294,460 in employer+participant cash contributions.

Note: average employer+participant cash contribution per active participant = average participant cash contribution per active participant + average employer cash contribution per active participant

Rem 401(K) has these standings among those 181 peer plans:

  • average employer+participant cash contribution per active participant = $29 (8th-lowest)

  • average participant cash contribution per active participant = $29.10 (10th-lowest)

  • average employer cash contribution per active participant = $0.00 (the lowest, tied)

Visualize

 
 

Peers

better than K2 Solutions, Inc. Employee Stock Ownership and 401(K) Plan in Southern Pines, NC ($0), Diamond Peo LLC 401(K) Profit Sharing Plan & Trust in San Juan Capistrano, CA ($10), D. M. Dickason Staff Leasing Company 401(K) Plan in El Paso, TX ($14), and WW Management LLC 401k Profit Sharing Plan and Trust in Allen, TX ($21), and 3 others, ending with Adecco Puerto Rico Retirement Plan in Jacksonville, FL ($23).

trailed Phoenix Wellness Companies Inc 401(K) Profit Sharing Plan & Trust in Goodyear, AZ ($44), Ideal Care LLC 401(K) Profit Sharing Plan & Trust in Phoenix, AZ ($60), Summit Staffing, Inc. 401(K) Plan in Oak Brook, IL ($68), and National Allied Workers Union Local 831 Savings An in Oakbrook, IL ($73), and others, ending with Certasite, LLC 401(K) P/S Plan in Indianapolis, IN ($1,166,772).

References

  1. average employer+participant cash contribution per active participant. Higher values are better. Average employer+participant cash contribution per active participant equals the sum of cash contributions from employers, Line 2a(1)(A), plus cash contributions from participants, Line 2a(1)(B), both from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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. 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.