J.T.M. Provisions Company, Inc. 401(k) Review & Grade
J.T.M. Provisions Company, Inc. Profit Sharing Plan
Harrison, OHManufacturing638 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,718Employer $ per active participant
$5,561Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$51.5MNet plan assets, end of year
$72,087Average balance per account
Score breakdown
- Employer generosity29.0 / 5058th percentile for employer $ per participant
- Low cost14.6 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score56 / 100 · Grade C
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 58th |
| Employee saving | 60th |
| Peers that auto-enroll | 59% |
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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.T.M. Provisions Company put in about $2,718 per active participant, more than the typical peer ($2,320). 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.
- 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 | $1,735,355 |
| Participant (employee) contributions | $3,550,776 |
| Other contributions (incl. rollovers in) | $720,650 |
| Administrative expenses paid from the plan | $83,462 |
| Contract administrator fees | $83,462 |
| Benefits paid out | $2,366,380 |
| Net assets, start / end of year | $43.1M / $51.5M |
| Active participants, start / end of year | 650 / 627 |
| Participants with account balances | 715 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $46,868 reported compensation |
| Latitude Service Company Inc | $20,659 reported compensation |
| Empower Advisory Group, LLC | $15,935 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014133839NAL0004119584001, received 2025-10-14, EIN 31-0855794, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.