Benchmarking Amica 401(K) Retirement Savings Plan in Providence, RI against all plans
Of the 45 plans in Rhode Island, Amica 401(K) Retirement Savings Plan in Providence, RI is one of just 6 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).
Amica 401(K) Retirement Savings Plan has these standings among those 45 peer plans plus nationwide comparisons:
Amica 401(K) Retirement Savings Plan has these standings among those 45 peer plans plus nationwide comparisons:
- net income per total participant = -$29,268 (8th-lowest)
the nationwide average is -$36,766 - average account balance = $139,782 (8th-highest)
the nationwide average is $64,097 - average participant cash contribution per active participant = $7,578 (7th-highest)
the nationwide average is $5,485 - average employer cash contribution per active participant = $5,005 (10th-highest)
the nationwide average is $2,712 - total administrative expense per participant = $37.85 (22nd-lowest)
the nationwide average is $162.75
Peers
with Textron Savings Plan in Providence, RI, Toray 401(K) Savings Plan in North Kingstown, RI, The Washington Trust Company 401(K) Plan in Westerly, RI, and University Orthopedics, Inc. 401(K) Plan in East Providence, RI, and 1 other.
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 state. 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.