J-W Power Company 401(k) Review & Grade
J-W Power Company Employee Profit Sharing Trust and 401(k) Plan
Addison, TXMining, Oil & Gas606 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$8,023Employer $ per active participant
$7,370Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$119.4MNet plan assets, end of year
$146,560Average balance per account
Score breakdown
- Employer generosity37.9 / 5076th percentile for employer $ per participant
- Low cost17.4 / 2570th percentile for low admin cost vs. same-size plans
- Employee saving8.0 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Mining, Oil & Gas plans with 500–2,499 active participants (129 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 70th |
| Employee saving | 53th |
| Peers that auto-enroll | 60% |
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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-W Power put in about $8,023 per active participant, more than the typical peer ($4,357). 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 | $4,857,665 |
| Participant (employee) contributions | $4,462,290 |
| Other contributions (incl. rollovers in) | $476,602 |
| Administrative expenses paid from the plan | $135,426 |
| Investment advisory & management fees | $108,368 |
| Benefits paid out | $12,581,110 |
| Net assets, start / end of year | $108.1M / $119.4M |
| Active participants, start / end of year | 606 / 605 |
| Participants with account balances | 815 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Merrill Lynch Pierce Fenner & Smith | $69,351 reported compensation |
| Empower Advisory Group, LLC | $39,017 reported compensation |
| Moss Adams LLP | $17,325 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250905091729NAL0016984065001, received 2025-09-05, EIN 75-2760629, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.