Benchmarking Alaska Forest Association Defined Contribution / 401(K) Plan in Ketchikan, AK against all plans
Alaska Forest Association Defined Contribution / 401(K) Plan in Ketchikan, AK is one of just 4 plans that are worse than the overall participant averages in each of net income per total participant, average account balance, and active-participant contributions per head.
Alaska Forest Association Defined Contribution / 401(K) Plan has these standings among all the 3,690 plans plus nationwide comparisons:
Alaska Forest Association Defined Contribution / 401(K) Plan has these standings among all the 3,690 plans plus nationwide comparisons:
- net income per total participant = -$551,764 (75th-lowest)
the nationwide average is -$265,008 - average account balance = $3,209 (1,357th-highest)
the nationwide average is $3,872 - average participant cash contribution per active participant = $0.00 (the lowest, tied)
the nationwide average is $3,765 - average employer cash contribution per active participant = $14,859 (21st-highest)
the nationwide average is $1,145
Peers
with Gastrointestinal Associates, P. A. Profit Sharing and 401(K) Plan in Flowood, MS, Tile, Inc. 401(K) Plan in San Francisco, CA, and Iowa Premium Retirement Savings Plan in Tama, IA.
References
- are worse than the overall participant averages in. Smaller sets are better. (1) The average nationwide value of net income per total participant is -$265,008, so worse is below that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $3,872, so worse is below that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $3,765, so worse is below that. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $1,145, so worse is below that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $395.43, so worse is above that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, separated participants who are still living, and deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/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.