Benchmarking SPX Flow Retirement Savings Plan in Charlotte, NC against all plans
SPX Flow Retirement Savings Plan in Charlotte, NC has the lowest net income per total participant ($7,225) of the 133 plans that have 1,000 to 4,999 total participants and have at least a 16.47% yield on beginning-of-plan-year total assets.
That is, among those 133 plans that do well on one measure, SPX Flow Retirement Savings Plan does least well on a related measure. That $7,225 compares to an average of $29,398 across those 133 plans.
Reaching the average of $29,398 would imply an extra $46,519,744 in net income.
Note: net income per total participant = net income รท total participants
SPX Flow Retirement Savings Plan has these standings among those 133 peer plans:
That is, among those 133 plans that do well on one measure, SPX Flow Retirement Savings Plan does least well on a related measure. That $7,225 compares to an average of $29,398 across those 133 plans.
Reaching the average of $29,398 would imply an extra $46,519,744 in net income.
Note: net income per total participant = net income รท total participants
SPX Flow Retirement Savings Plan has these standings among those 133 peer plans:
- net income per total participant = $7,225 (the lowest)
- net income = $15,157,939 (the lowest)
- total participants = 2,098 (46th-fewest)
Visualize
Peers
after SPX Flow Retirement Savings Plan in Charlotte, NC ($7,225, 16.47%), closest are Caleres, Inc. 401(K) Savings Plan in Saint Louis, MO ($7,759, 17.37%), CDI Management Corp. 401(K) Profit Sharing Plan in St. Louis Park, MN ($8,958, 16.71%), The Kaplan, Inc. Tax Deferred Savings Plan for Salaried Employees in Arlington, VA ($9,493, 18.39%), and Pipefitters Local No 636 Defined Contribution Retirement Trust and Plan in Troy, MI ($9,894, 18.27%), ending with Mac Arthur Co. 2015 Amended and Restated 401(K) and Employee Stock Ownership Plan in St. Paul, MN ($143,552, 44.14%).
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-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.
- 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-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.