Benchmarking Simms Restaurant Group 401(K) Plan in El Segundo, CA against all plans
In the Far West with its 723 plans, only Simms Restaurant Group 401(K) Plan in El Segundo, CA both paid so much in investment advisory and management fees ($6,983) and has such a low yield on beginning-of-plan-year total assets (-22.33%).
So, any other plan with as much in investment advisory and management fees also has higher yield on beginning-of-plan-year total assets. Likewise, any other plan with as low a yield on beginning-of-plan-year total assets also paid lower investment advisory and management fees.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Simms Restaurant Group 401(K) Plan has these standings among those 723 peer plans:
So, any other plan with as much in investment advisory and management fees also has higher yield on beginning-of-plan-year total assets. Likewise, any other plan with as low a yield on beginning-of-plan-year total assets also paid lower investment advisory and management fees.
Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year
Simms Restaurant Group 401(K) Plan has these standings among those 723 peer plans:
- yield on beginning-of-plan-year total assets = -22.33% (101st-lowest)
- net earnings on investments = -$94,612 (269th-lowest)
- total assets at beginning of plan year = $423,715 (317th-most)
- asset transfers to the plan = $0
- asset transfers from the plan = $0
- cash contributions from participants = $413,029
- cash contributions from employers = $20,889
- total contributions = $438,999
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Peers
closest are Neiders Company LLC 401(K) Profit Sharing Plan and Trust in Seattle, WA ($7,629, -21.32%), Imperial Healthcare Center 401(K) Plan in North Hollywood, CA ($9,193, -20.69%), Organic Milling, Inc. 401(K) Plan in San Dimas, CA ($15,335, -20.36%), and Fortune Enterprise Holdings Inc. 401k Plan in Pomona, CA ($24,155, -18.80%), ending with The Perfect Workout 401(K) Plan in Encinitas, CA ($10,932, -1.67%).
References
- investment advisory and management fees. Lower values are better. From Line 2i(3), Schedule H. The total fees paid (or in the case of accrual basis plans, costs incurred during the plan year but not paid as of the end of the plan year) to an individual, partnership or corporation (or other person) for advice to the plan relating to its investment portfolio. These may include fees paid to manage the plan’s investments, fees for specific advice on a particular investment, and fees for the evaluation for the plan’s investment performance. A missing entry from the Schedule H is here assigned a value of $0. 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.
- 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.
- 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.