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Benchmarking Paragon Energy Solutions LLC 401(K) Plan in Fort Worth, TX against all plans

 

Paragon Energy Solutions LLC 401(K) Plan in Fort Worth, TX has the 10th-highest diversity of asset types (25.0%) among the 137 plans within 50 miles that have total assets of $10M to $50M. That 25.0% compares to an average of 12.6% across those 137 plans.

Paragon Energy Solutions LLC 401(K) Plan has these standings among those 137 peer plans related to asset types (values of zero are not shown):

  • diversity of asset types = 25.0% (10th-highest)

  • participant loans = $313,110 (48th-most)

  • value of interest in common/collective trusts = $5,425,238 (16th-highest)

  • value of interest in registered investment companies (e.g., mutual funds) = $6.20M (20th-lowest)

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Peers

beat out by American Excelsior Company 401(K) Savings Plan in Arlington, TX (33.5%), Pritchard & Abbott, Inc. 401(K) Profit Sharing and Employee Stock Ownership Plan in Fort Worth, TX (32.4%), Texas Health Frozen Prior Employer 401(K) Plan in Arlington, TX (32.4%), and Baird, Hampton & Brown Savings & Retirement Plan in Fort Worth, TX (32.3%), and 5 others, ending with Prime Controls, L.P. 401(K) Profit Sharing Plan in Lewisville, TX (25.8%).

beat Potter Holdings, Inc. 401k Plan in Irving, TX (24.9%), Cantex Inc. Safe Harbor Savings Plan in Fort Worth, TX (24.8%), Pack Automotive Group 401(K) Plan in Carrollton, TX (24.8%), and Lone Wolf Real Estate Technologies, Inc. 401(K) Plan in Dallas, TX (24.3%), and 123 others, ending with Benchmark Bank Employees 401(K) Plan and Trust in Plano, TX (0.0%).

References

  1. diversity of asset types. Higher values are better. The diversity of asset types is calculated by taking the mathematical entropy of the 24 dollar values for the 24 asset types, after excluding negative asset values, then dividing by 4.584962 (which is the maximum possible entropy of 24 numeric quantities), and multiplying by 100 to obtain a percentage whose potential range is 0% to 100%. Mathematical entropy is a way to measure the balance among a group of numeric values; maximum entropy is when all the values are equal and nonzero. 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.
  2. total assets bracket. We partitioned total assets into these brackets: $1B or more, $250M to below $1B, $100M to below $250M, $50M to below $100M, $10M to below $50M, $1M to below $10M, and $1 to below $1M. 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.
  3. within 50 miles.

    • The Latitude and Longitude data used by this application were obtained from the Google Map's geolocation API service.
    • In rare cases, the geolocation isn't found, typically because a street address is missing or incorrect, a zipcode isn't correct or omits a leading zero, or other detail. In such rare cases, the Google Maps service was used manually to identify the correct or likely office latitude and longtidue, with a preference to physical addresses rather than mailing addresses such as a post office box.

    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.