Benchmarking Barnes & Noble 401(K) Plan in Westbury, NY against all plans
Barnes & Noble 401(K) Plan in Westbury, NY has the 11th-least participant loans as a percentage of plan assets (0.94%) among the 56 plans that don't provide for automatic enrollment and whose economic sector is Retail Trade. That 0.94% compares to an average of 1.54% across those 56 plans.
Beating the average of 1.54% means a savings of $4,392,080 in participant loans.
But it's still above the median of 0.63% and average of 0.78% across all 190 plans that, like it, are in New York.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Barnes & Noble 401(K) Plan has these standings among those 56 peer plans:
Beating the average of 1.54% means a savings of $4,392,080 in participant loans.
But it's still above the median of 0.63% and average of 0.78% across all 190 plans that, like it, are in New York.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Barnes & Noble 401(K) Plan has these standings among those 56 peer plans:
- participant loans as a percentage of plan assets = 0.94% (11th-least)
- participant loans = $6,914,906 (26th-most)
- total assets = $735,515,764 (9th-most)
Visualize
Peers
beat out by Thrifty Payless, Inc. 401(K) Retirement Savings Plan for Collective Bargaining Pharmacists in Harrisburg, PA (0.00%), Love's and Affiliated Companies 401(K) Savings Plan in Oklahoma City, OK (0.39%), Abercrombie & Fitch Co. Savings and Retirement Plan in New Albany, OH (0.54%), and L.L. Bean 401(K) Retirement Savings Plan in Freeport, ME (0.58%), and 6 others, ending with Central Garden & Pet Company Investment Growth Plan in Walnut Creek, CA (0.93%).
beat Connection Employee 401(K) and Profit Sharing Plan in Merrimack, NH (0.95%), Giant Eagle, Inc. Employee Savings Plan in Pittsburgh, PA (0.95%), Urban Outfitters, Inc. 401(K) Savings Plan in Philadelphia, PA (0.98%), and 7-Eleven, Inc. Profit Sharing/401(K) Plan in Irving, TX (1.01%), and 41 others, ending with Dollar General Corp 401(K) Savings and Retirement Plan in Goodlettsville, TN (3.33%).
beat Connection Employee 401(K) and Profit Sharing Plan in Merrimack, NH (0.95%), Giant Eagle, Inc. Employee Savings Plan in Pittsburgh, PA (0.95%), Urban Outfitters, Inc. 401(K) Savings Plan in Philadelphia, PA (0.98%), and 7-Eleven, Inc. Profit Sharing/401(K) Plan in Irving, TX (1.01%), and 41 others, ending with Dollar General Corp 401(K) Savings and Retirement Plan in Goodlettsville, TN (3.33%).
References
- 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.
- whose economic sector is. The economic sector is the first two 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-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.
- 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) from Schedule H, divided by total assets, Line 1f(b) from Schedule H, times 100. A high value may indicate excessive borrowing from participants' retirement accounts. To qualify for participant loans as a percentage of plan assets, the number of total assets must be at least $50,000. 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.