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Benchmarking The Raymond Corporation Consolidated Dealers Savings Plan in Greene, NY against all plans

 

The Raymond Corporation Consolidated Dealers Savings Plan in Greene, NY has the 8th-most participant loans as a percentage of plan assets (2.28%) among the 75 plans whose industry group is Management of Companies and Enterprises. That 2.28% compares to an average of 1.32% across those 75 plans.

Reaching the average of 1.32% would imply a savings of $2,691,409 in participant loans.

Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets

The Raymond Corporation Consolidated Dealers Savings Plan has these standings among those 75 plans:

  • participant loans as a percentage of plan assets = 2.28% (8th-most, tied)

  • participant loans = $6,368,360 (37th-most)

  • total assets = $279.50M (6th-least)

Visualize

 
 

Peers

better than Smithfield Foods,Inc. Bargaining 401(K) Plan in Smithfield, VA (5.83%), Smithfield Foods, Inc. Hourly 401(K) Plan in Smithfield, VA (5.49%), Clayton Homes, Inc. 401(K) Retirement Plan in Maryville, TN (2.92%), and Team, Inc. Salary Deferral Plan and Trust in Sugar Land, TX (2.78%), and 3 others, ending with Terminix Retirement Plan in Memphis, TN (2.48%).

tied with Thoroughbred Retirement Investment Plan of Norfolk Southern Corporation and Participating Subsidiary Companies in Atlanta, GA (2.28%).

exceeded Chemed/Roto Rooter Savings & Retirement Plan in Cincinnati, OH (2.27%), Pacific Dental Services, LLC 401(K) Plan in Irvine, CA (2.17%), Oncor Thrift Plan in Dallas, TX (2.04%), and Akima, LLC 401(K) Plan in Herndon, VA (2.04%), and 62 others, ending with Westlake Services Holding Company Employee Stock Ownership Plan in Los Angeles, CA (0.00%).

References

  1. whose industry group is. The industry group is the first four 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-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. participant loans as a percentage of plan assets. Lower values are better. Participant loans as a percentage of plan assets equals participant loans, Line 1c(8) of Schedule H, divided by total assets, Line 1f of Schedule H, multiplied by 100. A high value may indicate excessive borrowing from participants' retirement accounts. Except where noted, all data come from the 25-Mar-2022 updates to the year-2020 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.