Benchmarking Quantech Services, Inc. 401k Profit Sharing Plan and Trust in Lexington, MA against all plans
Of the 32 plans within 50 miles whose industry group is Other Professional, Scientific, and Technical Services, Quantech Services, Inc. 401k Profit Sharing Plan and Trust in Lexington, MA is one of just 5 that are better than the overall participant averages in each of net income per total participant, average account balance, active-participant contributions per head, employer contributions per active participant, and total administrative expense per participant (the entire set of 5).
Quantech Services, Inc. 401k Profit Sharing Plan and Trust has these standings among those 32 peer plans plus nationwide comparisons:
Quantech Services, Inc. 401k Profit Sharing Plan and Trust has these standings among those 32 peer plans plus nationwide comparisons:
- net income per total participant = -$18,358 (5th-lowest)
the nationwide average is -$36,766 - average account balance = $79,379 (6th-highest)
the nationwide average is $64,097 - average participant cash contribution per active participant = $9,933 (16th-lowest)
the nationwide average is $5,485 - average employer cash contribution per active participant = $4,136 (14th-highest)
the nationwide average is $2,712 - total administrative expense per participant = $41.24 (12th-lowest)
the nationwide average is $162.75
Peers
with Blueprint Medicines Corporation 401(K) Plan in Cambridge, MA, Tracelink 401(K) Plan in Wilmington, MA, Cerence Retirement Plan in Burlington, MA, and Mersana Therapeutics, Inc. 401(K) Profit Sharing Plan Trust in Cambridge, MA.
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.
- 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.
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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.