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Benchmarking Smokin Joes Retirement Plan in Sanborn, NY against all plans

 

Smokin Joes Retirement Plan in Sanborn, NY has the 9th-highest average account balance ($24,050) of the 38 plans whose industry group is Gasoline Stations. That $24,050 compares to an average of $19,965 across those 38 plans.

Beating the average of $19,965 means an extra $604,568 in total assets.

But it's still under the median of $56,849 and average of $83,183 across 704 plans that, like it, are in New York.

Note: average account balance = total assets ÷ total participants

Smokin Joes Retirement Plan has these standings among those 38 peer plans:

  • average account balance = $24,050 (9th-highest)

  • total assets = $3,559,459 (14th-least)

  • total participants = 148 (10th-fewest)

Visualize

 
 

Peers

beat out by Daigle Oil Company 401(K) Plan in Fort Kent, ME ($65,581), Aldin Associates Limited Partnership 401(K) Profit Sharing Plan and Trust in East Hartford, CT ($55,784), Linn Retail Centers, Inc. 401(K) Plan in Woodbury, MN ($45,159), and Sac, Inc. 401k Plan in Bedford, PA ($42,105), and 4 others, ending with East Side Service Center Inc 401(K) Profit Sharing Plan & Trust in Lincoln, RI ($25,514).

beat Homax Oil Sales, Inc. 401(K) Plan in Casper, WY ($23,976), The Campbell Oil Company 401(K) Plan in Massillon, OH ($23,763), Truenorth 401(K) Plan in Brecksville, OH ($23,207), and Sayle Oil Management Company, LLC 401(K) Profit Sharing Trust in Charleston, MS ($23,040), and 25 others, ending with Sierra Foods Inc 401(K) Profit Sharing Plan & Trust in Valencia, CA ($1,035).

References

  1. average account balance. Higher values are better. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. 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. 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.