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Benchmarking Steelcase Inc. Retirement Plan in Grand Rapids, MI against all plans

 

Steelcase Inc. Retirement Plan in Grand Rapids, MI has the 9th-highest yield on beginning-of-plan-year total assets (-7.04%) among the 405 plans that provide participant-directed brokerage accounts as investment options. That -7.04% compares to an average of -15.58% across those 405 plans.

Beating the average of -15.58% means an extra $133,157,592 in net earnings on investments.

Note: yield on beginning-of-plan-year total assets =
(100 * net earnings on investments) ÷ total assets at beginning of plan year

Steelcase Inc. Retirement Plan has these standings among those 405 peer plans:

  • yield on beginning-of-plan-year total assets = -7.04% (9th-highest)

  • net earnings on investments = -$109,780,108 (9th-highest)

  • total assets at beginning of plan year = $1,559,790,390 (84th-least)

and these values satisfy the maximum allowed for calculating yield from beginning assets:

  • asset transfers to the plan = $0

  • asset transfers from the plan = $0

and these values provide further relevant context:

  • cash contributions from participants = $42,085,152

  • cash contributions from employers = $24,687,895

  • total contributions = $71,395,600

Visualize

 
 

Peers

beat out by Chevron Employee Savings Investment Plan in San Ramon, CA (3.31%), RAI 401k Savings Plan in Winston-Salem, NC (0.06%), Valero Energy Corporation Thrift Plan in San Antonio, TX (-2.98%), and Black & Veatch Retirement Program in Overland Park, KS (-4.02%), and 4 others, ending with Foley & Lardner LLP Defined Contribution Retirement Plan in Milwaukee, WI (-6.75%).

beat Marathon Petroleum Thrift Plan in Findlay, OH (-7.57%), The Lilly Employee 401(K) Plan in Indianapolis, IN (-8.18%), Southern California Gas Company Retirement Savings Plan in San Diego, CA (-8.20%), and The Toro Company Retirement Plan in Minneapolis, MN (-8.57%), and others, ending with Edwards Lifesciences Corporation 401k Savings and Investment Plan in Irvine, CA (-25.88%).

References

  1. provide participant-directed brokerage accounts as investment options. 401(k) plan that provides participant-directed brokerage accounts as investments options. Feature code 2R within Line 8a 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.
  2. yield on beginning-of-plan-year total assets. Higher values are better. To qualify, the total assets at the beginning of the plan year must be above zero, and either (1) both the asset transfers to the plan and asset transfers from the plan during the plan year must be zero, or (2) the sum of the absolute values of both asset transfers must be less than 1% of the total assets at the beginning of the plan year. If it qualifies, the yield on beginning-of-plan-year total assets (as a percentage) equals net earnings on investments divided by total assets at the beginning of the plan year, times 100. The above quantities are all from Schedule H: Assets transfer to the plan is Line 2l(1). Assets transfer from the plan is Line 2l(2). Net earnings on investments is the sum of the ten column (b) entries from 2b, minus investment advisory and management fees (Line 2i(3)). Total assets at the beginning of the plan year is Line 1f(a). 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.