Benchmarking Cafe Mogador LLC 401k Plan in Brooklyn, NY against all plans
Cafe Mogador LLC 401k Plan in Brooklyn, NY has the lowest average participant cash contribution per active participant ($267.90) of the 57 plans that have 50 to 99 total participants and have at least $263.70 in net income per total participant.
That is, among those 57 plans that do well on one measure, Cafe Mogador LLC 401k Plan does least well on a related measure. That $267.90 compares to an average of $1,997 across those 57 plans.
Reaching the average of $1,997 would imply an extra $100,299 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants รท active participants
Cafe Mogador LLC 401k Plan has these standings among those 57 peer plans:
That is, among those 57 plans that do well on one measure, Cafe Mogador LLC 401k Plan does least well on a related measure. That $267.90 compares to an average of $1,997 across those 57 plans.
Reaching the average of $1,997 would imply an extra $100,299 in participant cash contributions.
Note: average participant cash contribution per active participant =
cash contributions from participants รท active participants
Cafe Mogador LLC 401k Plan has these standings among those 57 peer plans:
- average participant cash contribution per active participant = $267.90 (the lowest)
- cash contributions from participants = $15,537 (the least)
- active participants = 58 (10th-fewest, tied)
Visualize
Peers
after Cafe Mogador LLC 401k Plan in Brooklyn, NY ($267.90, $263.70), closest are Mechanical Construction Services, Inc. 401(K) Plan in Newark, AR ($300.90, $275.30), Marin Transystems Inc 401(K) Plan in Monroe, CT ($310.80, $453.50), Paradise Group 401k Plan in Irvine, CA ($319.60, $323.40), and Your Express Solutions LLC 401(K) Plan in Kansas City, MO ($357.80, $504.90), ending with Selby Transportation Corp. 401(K) Plan in Bronx, NY ($12,943, $5,394).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- net income per total participant. Higher values are better. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, 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.
- average participant cash contribution per active participant. Higher values are better. 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. 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.
- total participants bracket. We partitioned total participants into eight brackets: 0-9, 10-24, 25-49, 50-99, 100-499, 500-999, 1000-4999, 5000-24999, and 25000 or more. 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.