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Benchmarking Premium Packing, Inc. 401(K) Plan in Salinas, CA against all plans

 

Premium Packing, Inc. 401(K) Plan in Salinas, CA has the 5th-lowest average account balance ($125) of the 76 plans whose economic sector is Agriculture, Forestry, Fishing and Hunting. That $125 compares to an average of $2,938 across those 76 plans.

Reaching the average of $2,938 would imply an extra $1,789,227 in total assets.

Note: average account balance = total assets ÷ total participants

Premium Packing, Inc. 401(K) Plan has these standings among those 76 peer plans:

  • average account balance = $125 (5th-lowest)

  • total assets = $79,359 (8th-least)

  • total participants = 636 (3rd-most)

Visualize

 
 

Peers

better than Halo Collective 401(K) Plan in Medford, OR ($20), Eco Enterprises, LLC 401(K) Plan in Medley, FL ($44), T-Y Nursery 401(K) Plan in Torrance, CA ($53), and Labor Solutions, LLC 401(K) Plan in Prospect Heights, IL ($73).

trailed Sky Transportation 401(K) Plan in El Paso, TX ($165), Ramona Dairy-401k Plan in San Jacinto, CA ($276), Norcal Harvesting, LLC 401(K) Plan in Salinas, CA ($369), and Premium Employment Services, Inc. 401(K) Plan in Salinas, CA ($385), and 67 others, ending with Frosty Packing Co. LLC. 401(K) Plan in Yakima, WA ($15,676).

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. whose economic sector is. The economic sector is the first two 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.