Plans » Benchmarking Engine
Benchmarking DNV GL USA, Inc. 401(K) Plan in Katy, TX against
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DNV GL USA, Inc. 401(K) Plan in Katy, TX has the 12th-highest net income per total participant ($21,940) of the 35 plans in Texas that are a profit-sharing plan, an ERISA section 404(c) plan, self-administered by the plan sponsor, not collectively-bargained, provide for automatic enrollment, and have 1,000 to 4,999 total participants. That $21,940 compares to an average of $18,869 across those 35 plans.
Beating the average of $18,869 means an extra $7,631,498 in net income.
Note: net income per total participant = net income ÷ total participants
DNV GL USA, Inc. 401(K) Plan has these standings among those 35 peer plans:
Beating the average of $18,869 means an extra $7,631,498 in net income.
Note: net income per total participant = net income ÷ total participants
DNV GL USA, Inc. 401(K) Plan has these standings among those 35 peer plans:
- net income per total participant = $21,940 (12th-highest)
- net income = $54,521,193 (15th-highest)
- total participants = 2,485 (13th-fewest)
- self-administered by the plan sponsor. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- provide for automatic enrollment. 401(k) plan or 403(b) plan that provides for automatic enrollment in a plan that has elective contributions deducted from payroll. Feature code 2S within Line 8a of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- an ERISA section 404(c) plan. An “ERISA section 404(c) Plan” is an individual account plan described in section 3(34) of the Act that: (i) provides an opportunity for a participant or beneficiary to exercise control over assets in his individual account, and (ii) provides a participant or beneficiary an opportunity to choose, from a broad range of investment alternatives, the manner in which some or all of the assets in his account are invested. Feature code 2F within Line 8a of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- collectively-bargained. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- 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-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- a profit-sharing plan. Feature code 2E within Line 8a of Form 5500. Except where noted, all data come from the 25-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- in state. Except where noted, all data come from the 25-October-2023 updates to the year-2021 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-October-2023 updates to the year-2021 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
DNV GL USA, Inc. 401(K) Plan in Katy, TX is in Texas, its EIN is 760187362, its industry group is Management, Scientific, and Technical Consulting Services, its plan administrator is Amanda Chamberlain, is a profit-sharing plan, covered by a fidelity bond, an ERISA section 404(c) plan, self-administered by the plan sponsor, provides for automatic enrollment, provides participant-directed brokerage accounts as investment options, is a single-employer plan, its business code is 541600, has 1,000 to 4,999 total participants, is better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total), and is higher than the overall administrative medians in each of other administrative expenses, total administrative expenses, and total administrative expense ratio.
Global References
Numeric values:
- total assets ($452,235,978)
- net assets (assets minus liabilities) ($452.20M)
- value of interest in registered investment companies (e.g., mutual funds) ($423.80M)
- total assets at beginning of plan year ($387,521,803)
- total income ($84,302,786)
- earnings on investments ($58,172,766)
- net earnings on investments ($58,172,766)
- net income ($54,521,193)
- total expenses ($29,781,593)
- total contributions ($24,999,097)
- value of interest in common/collective trusts ($17,715,812)
- cash contributions from participants ($15,352,044)
- asset transfers to this plan ($10,192,982)
- cash contributions from employers ($8,391,801)
- other general investments ($8,344,833)
- participant loans ($2,412,914)
- other administrative expenses ($420,769)
- total administrative expenses ($420,769)
- average account balance ($181,986)
- net income per total participant ($21,940)
- average participant cash contribution per active participant ($10,167)
- average employer cash contribution per active participant ($5,558)
- total administrative expense per participant ($169.32)
- total noninterest-bearing cash ($0)
- receivables employer contributions ($0)
- receivables participant contributions ($0)
- other receivables (not employer nor participant contributions) ($0)
- interest-bearing cash (e.g., money market accounts, certificates of deposit) ($0)
- U.S. government securities ($0.0K)
- corporate debt instruments (preferred & other than employer securities) ($0)
- corporate debt instruments (below preferred & other than employer securities) ($0)
- corporate preferred stocks (other than employer securities) ($0)
- corporate common stocks (other than employer securities) ($0)
- partnership/joint venture interests ($0)
- real estate (other than employer real property) ($0)
- loans (other than to participants) ($0)
- value of interest in pooled separate accounts ($0)
- value of interest in master trust investment accounts ($0.0K)
- value of interest in 103-12 investment entities ($0)
- value of funds held in insurance company general account (unallocated contracts) ($0)
- employer-related securities investments ($0)
- employer-related real-property investments ($0)
- buildings and other property used in plan operation ($0)
- total liabilities ($0)
- corrective distributions ($0)
- professional fees ($0)
- contract administrator fees ($0)
- investment advisory and management fees ($0)
- asset transfers from this plan ($0)
- percentage of active participants (60.8%)
- diversity of asset types (9.1%)
- participant loans as a percentage of plan assets (0.53%)
- total administrative expense ratio (0.093%)
- total cash as a percentage of plan assets (0.00%)
- employer securities as a percentage of plan assets (0.00%)
- active participants (1,510)
- deceased participants whose beneficiaries receive or are entitled to benefits (11)
- living participants (2,474)
- other retired or separated participants entitled to future benefits (935)
- retired or separated participants receiving benefits (29)
- total participants (2,485)
Global References