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Benchmarking Staffpro Multiple Employer Plan Penny Transportation, Inc. in White Plains, NY against all plans

 

Staffpro Multiple Employer Plan Penny Transportation, Inc. in White Plains, NY has the 8th-highest yield on beginning-of-plan-year total assets (-5.21%) among the 580 Mid-Atlantic plans. That -5.21% compares to an average of -20.51% across those 580 plans.

Beating the average of -20.51% means an extra $22,963 in net earnings on investments.

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

Staffpro Multiple Employer Plan Penny Transportation, Inc. has these standings among those 580 peer plans:

  • yield on beginning-of-plan-year total assets = -5.21% (8th-highest)

  • net earnings on investments = -$7,823 (92nd-highest)

  • total assets at beginning of plan year = $150,059 (173rd-least)

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 = $73,745

  • cash contributions from employers = $28,860

  • total contributions = $102,605

Visualize

 
 

Peers

beat out by Unicity Homecare 401(K) Profit Sharing Plan & Trust in Rochelle Park, NJ (72.68%), Westside Donut Ventures LLC 401(K) Plan in New York, NY (3.76%), Transatlantic Translation Comp in Rye, NY (0.00%), and Renoxx Caregivers 401(K) Plan in Lanahm, MD (-0.19%), and 3 others, ending with Your Own Home Inc 401(K) Profit Sharing Plan & Trust in Pittsburgh, PA (-4.94%).

beat Urban Land Institute 401(K) Defined Contribution Plan in Washington, DC (-5.52%), Credit Plus, Inc. Retirement Plan in Salisbury, MD (-6.97%), New Hope Community Inc 401(K) Profit Sharing Plan and Trust in Pleasantville, NY (-7.44%), and Panacea Health Corp 401(K) Plan in State College, PA (-7.86%), and others, ending with Magic Home Care LLC 401(K) Plan in Brooklyn, NY (-489.18%).

References

  1. in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). 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. 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.