J.a. Riggs Tractor Company 401(k) Review & Grade
J.a. Riggs Tractor Company Profit Sharing Plan
Little Rock, ARRetail Trade532 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,289Employer $ per active participant
$4,569Employee $ saved per active participant
0.19%Direct admin cost, % of plan assets
$82.1MNet plan assets, end of year
$110,402Average balance per account
Score breakdown
- Employer generosity49.8 / 50100th percentile for employer $ per participant
- Low cost13.9 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving11.2 / 1575th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score85 / 100 · Grade A
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 100th |
| Lower admin cost | 55th |
| Employee saving | 75th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- J.a. Riggs Tractor put in about $6,289 per active participant, more than the typical peer ($743). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $3,348,689 |
| Participant (employee) contributions | $2,433,008 |
| Other contributions (incl. rollovers in) | $165,817 |
| Administrative expenses paid from the plan | $148,040 |
| Investment advisory & management fees | $39,056 |
| Benefits paid out | $4,887,135 |
| Net assets, start / end of year | $71.5M / $82.1M |
| Active participants, start / end of year | 484 / 581 |
| Participants with account balances | 744 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hogan Taylor, LLP |
Largest service providers (Schedule C)
| Milliman Inc | $88,483 reported compensation |
| Pension Consultants Inc | $39,056 reported compensation |
| Hogantaylor LLP | $16,900 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250930112802NAL0013135536001, received 2025-09-30, EIN 71-0220904, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.