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Benchmarking Polynt Reichhold 401(K) Plan in Carpentersville, IL against all plans

 

Polynt Reichhold 401(K) Plan in Carpentersville, IL has the 6th-highest average participant cash contribution per active participant ($8,747) of the 45 plans in the Great Lakes area that have total assets of $100M to $250M and whose economic sector is Manufacturing. That $8,747 compares to an average of $6,898 across those 45 plans.

Beating the average of $6,898 means an extra $1,272,388 in participant cash contributions.

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

Polynt Reichhold 401(K) Plan has these standings among those 45 peer plans:

  • average participant cash contribution per active participant = $8,747 (6th-highest)

  • cash contributions from participants = $6,017,974 (9th-least)

  • active participants = 688 (5th-fewest)

Visualize

 
 

Peers

beat out by Generac Power Systems, Inc. Employees 401(K) Savings Plan in Waukesha, WI ($39,606), Lundbeck LLC 401(K) Plan in Deerfield, IL ($15,982), Horizon Therapeutics USA, Inc. 401(K) Plan in Deerfield, IL ($15,846), and Sysmex America, Inc. Profit Sharing and 401(K) Plan in Lincolnshire, IL ($10,550), and 1 other.

beat Bissell Inc. 401(K) Plan in Grand Rapids, MI ($8,707), Inx International Retirement Savings Plan in Schaumburg, IL ($8,356), Krones, Inc. 401(K) Savings Plan in Franklin, WI ($8,324), and Jr Technology Group Retirement Savings Plan in Stevensville, MI ($8,164), and 35 others, ending with The Goodyear Tire & Rubber Company Savings Plan for Retail Employees in Akron, OH ($1,761).

References

  1. 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 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. 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 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. in region. The 9 regions with their corresponding states or other geographic entities are: New England (CT ME MA NH RI VT), Mid Atlantic (DE DC MD NJ NY PA), Great Lakes (IL IN MI OH WI), Plains (IA KS MN MO NE ND SD), Southeast (AL AR FL GA KY LA MS NC SC TN VA WV), Southwest (AZ NM OK TX), Rocky Mountains (CO ID MT UT WY), Far West (AK CA HI NV OR WA), and Outlying Areas (VI PR GU AS MP). 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.
  4. 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.