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Benchmarking Mybar Services, Inc. 401(K) Plan in Somerville, NJ against all plans

 

Mybar Services, Inc. 401(K) Plan in Somerville, NJ has the 11th-lowest average account balance ($21) of the 580 Mid-Atlantic plans. That $21 compares to an average of $3,558 across those 580 plans.

Reaching the average of $3,558 would imply an extra $1,011,594 in total assets.

Note: average account balance = total assets ÷ total participants

Mybar Services, Inc. 401(K) Plan has these standings among those 580 peer plans:

  • average account balance = $21 (11th-lowest, tied)

  • total assets = $6,095 (15th-least)

  • total participants = 286 (161st-most, tied)

Visualize

 
 

Peers

better than Great Jones 401(K) Plan in New York, NY ($0), Family Wellness Program, LLC 401(K) Plan in Bronx, NY ($1), Feather Home 401(K) Plan in New York, NY ($4), and The Springs of Arkansas 401(K) Plan in Suffern, NY ($7), and 6 others, ending with Overwatch Services LLC 401(K) Profit Sharing Plan & Trust in New York, NY ($20).

tied with In2u Inc 401(K) Profit Sharing Plan & Trust in Englewood Cliffs, NJ ($21).

trailed Av Pro Services, Inc. Retirement Plan in Brooklyn, NY ($25), B. R. Williams, Inc 401(K) P/S Plan in Woodstown, NJ ($33), Easy Pickins Inc. 401(K) Plan in New York, NY ($46), and High Tech Landscape 401(K) Plan in Branchburg, NJ ($47), and others, ending with BMT Designers and Planners, Inc. 401(K) Tax Deferral and Savings Plan in Wantagh, NY ($94,856).

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. 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.