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Benchmarking Ascap Employees' Savings and Salary Deferral Plan in New York, NY against all plans

 

Ascap Employees' Savings and Salary Deferral Plan in New York, NY has the 11th-highest yield on beginning-of-plan-year total assets (-14.86%) among the 68 plans in New York, NY that provide for automatic enrollment. That -14.86% compares to an average of -16.98% across those 68 plans.

Beating the average of -16.98% means an extra $2,324,841 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) รท total assets at beginning of plan year

Ascap Employees' Savings and Salary Deferral Plan has these standings among those 68 peer plans:

  • yield on beginning-of-plan-year total assets = -14.86% (11th-highest)

  • net earnings on investments = -$16,276,931 (14th-lowest)

  • total assets at beginning of plan year = $109,518,466 (5th-most)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $3,807,725

  • cash contributions from employers = $3,437,427

  • total contributions = $7,559,564

Visualize

 
 

Peers

beat out by American Society of Mechanical Engineers 401(K) Plan in New York, NY (-12.59%), First Manhattan Co. 401k Plan in New York, NY (-13.11%), TF Cornerstone Inc. 401(K) Plan in New York, NY (-13.21%), and Hartree Partners, LP Employees' Savings Plan in New York, NY (-13.30%), and 6 others, ending with Harry Winston, Inc. Savings Plan in New York, NY (-14.79%).

beat Glencore Ltd. 401(K) Savings Plan in New York, NY (-14.88%), Randa Accessories Retirement Savings Plan in New York, NY (-15.13%), AKRF, Inc. Profit Sharing Plan and 401(K) Plan in New York, NY (-15.38%), and Terra Holdings 401(K) Plan in New York, NY (-15.39%), and others, ending with CLS Bank International 401(K) and Profit Sharing Plan in New York, NY (-21.43%).

References

  1. 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  2. in city. Values were kept only if they occurred at least 20 times. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
  3. 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-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.