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Benchmarking Manteca Trailer and Motorhome 401(K) Savings and Retirement in Manteca, CA against all plans

 

Manteca Trailer and Motorhome 401(K) Savings and Retirement in Manteca, CA has the most participant loans as a percentage of plan assets (23.33%) among the 1,070 plans that don't provide for automatic enrollment and have at least a -17.31% yield on beginning-of-plan-year total assets.

That is, among those 1,070 plans that do well on one measure, Manteca Trailer and Motorhome 401(K) Savings and Retirement does least well on a related measure. That 23.33% compares to an average of 1.78% across those 1,070 plans.

Reaching the average of 1.78% would imply a savings of $25,386 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) รท total assets

Manteca Trailer and Motorhome 401(K) Savings and Retirement has these standings among those 1,070 peer plans:

  • participant loans as a percentage of plan assets = 23.33% (the most)

  • participant loans = $27,482 (136th-most)

  • total assets = $117,817 (124th-least)

Visualize

 
 

Peers

after Manteca Trailer and Motorhome 401(K) Savings and Retirement in Manteca, CA (23.33%, -17.31%), closest are Riven Rock Staffing 401(K) Plan in Albuquerque, NM (22.73%, -10.13%), Divine Healing Home Care LLC 401(K) Profit Sharing Plan & Trust in Minneapolis, MN (20.58%, -14.66%), Ez Book Recycle 401(K) Profit Sharing Plan & Trust in Montgomery, IL (19.72%, -13.47%), and Pearl of Rolling Meadows 401(K) in Rolling Meadows, IL (19.42%, -10.34%), ending with Tennessee Valley Railroad Museum 401(K) Plan in Chattanooga, TN (0.00%, 53.78%).

Taking Action

Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.

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. participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets 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. 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.