Benchmarking Onward Energy 401(K) Retirement Savings Plan in New York, NY against all plans
Onward Energy 401(K) Retirement Savings Plan in New York, NY has the 9th-least in total assets ($20,418,325) of the 61 plans in New York, NY that are better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, and employer contributions per active participant (4 total). Those $20,418,325 compare to an average of $519,422,816 across the 61 plans.
But it's still above the median of $15,040,289 although below the average of $203,805,712 across all 706 plans that, like it, are in New York.
Onward Energy 401(K) Retirement Savings Plan has these standings among those 61 peer plans plus nationwide comparisons:
But it's still above the median of $15,040,289 although below the average of $203,805,712 across all 706 plans that, like it, are in New York.
Onward Energy 401(K) Retirement Savings Plan has these standings among those 61 peer plans plus nationwide comparisons:
- net income per total participant = -$8,159 (9th-highest)
the nationwide average is -$36,766 - average account balance = $88,391 (15th-lowest)
the nationwide average is $64,097 - average participant cash contribution per active participant = $9,624 (25th-lowest)
the nationwide average is $5,485 - average employer cash contribution per active participant = $4,725 (26th-lowest)
the nationwide average is $2,712 - total administrative expense per participant = $233.90 (17th-highest)
the nationwide average is $162.75
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Peers
outdone by Metropolis Group Inc 401(K) Profit Sharing Plan & Trust in New York, NY ($6,566,493), Lettire Construction Corp. 401(K) Plan in New York, NY ($8,192,261), Branford Group 401(K) Plan in New York, NY ($10,006,579), and Dreamwear Inc. 401(K) Retirement Plan in New York, NY ($10,946,025), and 4 others, ending with Bluecrest USA GP, LLC 401(K) Plan in New York, NY ($17,853,441).
outdid International Council of Shopping Centers Savings and Investment Plan in New York, NY ($21,307,890), China Merchants Bank 401(K) Plan in New York, NY ($21,359,357), Gibbs & Soell, Inc. Employees' Profit Sharing Plan and Trust in New York, NY ($22,063,142), and Tiedemann Wealth Management Holdings, LLC 401(K) Profit-Sharing Plan in New York, NY ($22,072,893), and 48 others, ending with McKinsey & Company, Inc. (PSRP) Profit Sharing Retirement Plan in New York, NY ($7,998,149,755).
outdid International Council of Shopping Centers Savings and Investment Plan in New York, NY ($21,307,890), China Merchants Bank 401(K) Plan in New York, NY ($21,359,357), Gibbs & Soell, Inc. Employees' Profit Sharing Plan and Trust in New York, NY ($22,063,142), and Tiedemann Wealth Management Holdings, LLC 401(K) Profit-Sharing Plan in New York, NY ($22,072,893), and 48 others, ending with McKinsey & Company, Inc. (PSRP) Profit Sharing Retirement Plan in New York, NY ($7,998,149,755).
References
- are better than the overall participant averages in. Bigger sets are better. (1) The average nationwide value of net income per total participant is -$36,766, so better is above that. Average net income per total participant equals net income, Line 2k from Schedule H, divided by total participants, Line 6f of Form 5500. (2) The average nationwide value of average account balance is $64,097, so better is above that. Average account balance equals total assets, in Line 1f(b) from Schedule H, divided by total participants, in Line 6f of Form 5500. (3) The average nationwide value of active-participant contributions per head (average participant cash contribution per active participant) is $5,485, so better is above that. 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. (4) The average nationwide value of employer contributions per active participant (average employer cash contribution per active participant) is $2,712, so better is above that. Average employer cash contribution per active participant equals cash contributions from employers, Line 2a(1)(A) from Schedule H, divided by active participants at the end of the plan year, Line 6a(2), Form 5500. (5) The average nationwide value of total administrative expense per participant is $162.75, so better is below that. Total administrative expense per participant is a ratio that equals total administrative expenses (Line 2i(5), Schedule H) divided by total participants, i.e. the sum of active, retired, or separated participants who are still living, plus deceased participants whose beneficiaries receive or are entitled to benefits (Line 6f of Form 5500). Some comparison measures have prerequisites that must be satisfied in order to keep their numeric values, otherwise their value becomes N/A. 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.
- in city. Values were kept only if they occurred at least 20 times. 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.
- total assets. At end of plan year. Line 1f(b) from Schedule H. 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.