OnlyBoth : Benchmarking Suburban Collection 401(K) Plan in Troy, MI

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Benchmarking Suburban Collection 401(K) Plan in Troy, MI against

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Suburban Collection 401(K) Plan in Troy, MI has the 6th-highest average participant cash contribution per active participant ($10,366) of the 223 plans whose economic sector is Retail Trade. That $10,366 compares to an average of $3,875 across those 223 plans.

Beating the average of $3,875 means an extra $3,310,686 in participant cash contributions.

Note: average participant cash contribution per active participant =
cash contributions from participants ÷ active participants

Suburban Collection 401(K) Plan has these standings among those 223 peer plans:

average participant cash contribution per active participant = $10,366 (6th-highest)

cash contributions from participants = $5,286,830 (66th-most)

active participants = 510 (40th-fewest)

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References

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.
average participant cash contribution per active participant. Higher values are better. Average participant cash contribution per active participant equals cash contributions from participants, Line 2a(1)(B) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), 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.

Profile

Suburban Collection 401(K) Plan in Troy, MI is in Michigan, its EIN is 383444754, its industry group is Automobile Dealers, its plan administrator is Michael J. Delaney, 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, is a multiple-employer plan, its business code is 441110, has 1,000 to 4,999 total participants, is worse than the overall plan medians in each of total liabilities, net income, yield on beginning-of-plan-year total assets, and diversity of asset types (4 total), is worse than the overall participant averages in each of net income per total participant, average account balance, employer contributions per active participant, and total administrative expense per participant (4 total), and is higher than the overall administrative medians in each of contract administrator fees, investment advisory and management fees, total administrative expenses, and total administrative expense ratio.

Numeric values:

total assets at beginning of plan year ($114,555,149)
total assets ($76,561,915)
value of interest in registered investment companies (e.g., mutual funds) ($76.40M)
net assets (assets minus liabilities) ($76.40M)
total expenses ($58,635,069)
total income ($20,831,597)
earnings on investments ($14,041,313)
net earnings on investments ($13,866,175)
total contributions ($6,790,284)
cash contributions from participants ($5,286,830)
cash contributions from employers ($1,301,742)
total administrative expenses ($500,538)
contract administrator fees ($325,400)
total liabilities ($210,574)
investment advisory and management fees ($175,138)
participant loans ($151,914)
average account balance ($43,280)
total noninterest-bearing cash ($11,687)
average participant cash contribution per active participant ($10,366)
average employer cash contribution per active participant ($2,552)
total administrative expense per participant ($282.95)
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 common/collective trusts ($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)
other general investments ($0)
employer-related securities investments ($0)
employer-related real-property investments ($0)
buildings and other property used in plan operation ($0)
corrective distributions ($0)
professional fees ($0)
other administrative expenses ($0)
asset transfers to this plan ($0)
asset transfers from this plan ($0)
net income per total participant (-$21,370)
net income (-$37,803,472)
percentage of active participants (28.8%)
yield on beginning-of-plan-year total assets (12.10%)
total administrative expense ratio (0.650%)
diversity of asset types (0.5%)
participant loans as a percentage of plan assets (0.20%)
total cash as a percentage of plan assets (0.01%)
employer securities as a percentage of plan assets (0.00%)
active participants (510)
deceased participants whose beneficiaries receive or are entitled to benefits (2)
living participants (1,767)
other retired or separated participants entitled to future benefits (1,168)
retired or separated participants receiving benefits (89)
total participants (1,769)

Global References

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	active participants
	in state
	participant loans
	total expenses
	total income
	total noninterest-bearing cash
	within 50 miles
	whose economic sector is
	whose industry group is
	average employer cash contribution per active participant
	average participant cash contribution per active participant
	participant loans as a percentage of plan assets
	value of interest in registered investment companies (e.g., mutual funds)

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Benchmarking Suburban Collection 401(K) Plan in Troy, MI against

most-similar plans

a group of plans you select