Benchmarking Hartford Healthcare 401(K) Retirement Plan in Farmington, CT against all plans
Hartford Healthcare 401(K) Retirement Plan in Farmington, CT has the lowest average account balance ($55,276) of the 399 plans with as high an average employer cash contribution per active participant ($4,934).
That is, among those 399 plans that do well or OK on one measure, Hartford Healthcare 401(K) Retirement Plan does least well on a related measure. That $55,276 compares to an average of $219,829 across those 399 plans.
Reaching the average of $219,829 would imply an extra $5,306,997,760 in total assets.
Note: average account balance = total assets ÷ total participants
Hartford Healthcare 401(K) Retirement Plan has these standings among those 399 peer plans:
That is, among those 399 plans that do well or OK on one measure, Hartford Healthcare 401(K) Retirement Plan does least well on a related measure. That $55,276 compares to an average of $219,829 across those 399 plans.
Reaching the average of $219,829 would imply an extra $5,306,997,760 in total assets.
Note: average account balance = total assets ÷ total participants
Hartford Healthcare 401(K) Retirement Plan has these standings among those 399 peer plans:
- average account balance = $55,276 (the lowest)
- total assets = $1,782,723,216 (163rd-least)
- total participants = 32,251 (77th-most)
Visualize
Peers
trailed Peraton Corp. Retirement Savings Plan in Reston, VA ($65,355), SS&C Technologies, Inc. 401(K) Retirement Savings Plan in Windsor, CT ($77,633), Consumers Energy Company Employees' Savings Plan in Jackson, MI ($80,340), and Intuit Inc. 401(K) Plan in Mountain View, CA ($81,533), and 394 others, ending with Performance Contracting Group, Inc. ESOP/401(K) Plan in Lenexa, KS ($1,310,768).
Taking Action
Read the article A Unique Way to Get Others to Improve to understand the reasoning underlying such benchmarking insights.
References
- 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 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.
- average employer cash contribution per active participant. Higher values are better. 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. Except where noted, all data come from the 25-July-2024 updates to the year-2022 5500 Forms and Schedule H from the public websites at the Department of Labor, Employee Benefits Security Administration.