Benchmarking Norwood Medical Employee Savings Plan and Trust in Dayton, OH against all plans
Norwood Medical Employee Savings Plan and Trust in Dayton, OH has the least participant loans as a percentage of plan assets (0.00%) among the 35 plans whose industry group is Architectural and Structural Metals Manufacturing. That 0.00% compares to an average of 1.56% across those 35 plans.
Beating the average of 1.56% means a savings of $848,574 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Norwood Medical Employee Savings Plan and Trust has these standings among those 35 peer plans:
Beating the average of 1.56% means a savings of $848,574 in participant loans.
Note: participant loans as a percentage of plan assets =
(100 * participant loans) ÷ total assets
Norwood Medical Employee Savings Plan and Trust has these standings among those 35 peer plans:
- participant loans as a percentage of plan assets = 0.00% (the least, tied)
- participant loans = $0 (the least in, tied)
- total assets = $54,306,268 (5th-most)
Visualize
Peers
tied with Aes Mechanical Services Group, Inc. 401(K) Profit in Tallassee, AL, Aes Industries, Inc. 401k Profit Sharing Plan in Tallassee, AL, BCI Burke Company, LLC 401(K) & Profit Sharing Plan in Fond Du Lac, WI, 401(K) Savings Plan of the Ideal Group of Companies in Detroit, MI, and 2 others, all with 0.00%.
beat Sunward Financial Corporation and Affiliated Companies 401(K) Plan in Denver, CO (0.13%), Precision Custom Components, LLC 401(K) Plan in York, PA (0.30%), Raulli & Sons, Inc. The Employees' Profit Sharing & Retirement Plan in Syracuse, NY (0.34%), and Stupp Bros., Inc. 401(K) and Employee Thrift Plan in Saint Louis, MO (1.04%), and 24 others, ending with Wintech 401(K) Plan in Monett, MO (3.97%).
beat Sunward Financial Corporation and Affiliated Companies 401(K) Plan in Denver, CO (0.13%), Precision Custom Components, LLC 401(K) Plan in York, PA (0.30%), Raulli & Sons, Inc. The Employees' Profit Sharing & Retirement Plan in Syracuse, NY (0.34%), and Stupp Bros., Inc. 401(K) and Employee Thrift Plan in Saint Louis, MO (1.04%), and 24 others, ending with Wintech 401(K) Plan in Monett, MO (3.97%).
References
- whose industry group is. The industry group is the first four 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 2-October-2023 updates to the year-2022 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 2-October-2023 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.