James River Group, Inc. 401(k) Review & Grade
James River Group, Inc. 401(k) Plan
Richmond, VAManagement of Companies645 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,500Employer $ per active participant
$9,495Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$100.7MNet plan assets, end of year
$122,987Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving11.8 / 1579th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score78 / 100 · Grade A
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 82th |
| Employee saving | 79th |
| Peers that auto-enroll | 58% |
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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
- James River Group put in about $6,500 per active participant, more than the typical peer ($2,492). 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 | $4,192,447 |
| Participant (employee) contributions | $6,124,324 |
| Other contributions (incl. rollovers in) | $2,512,417 |
| Administrative expenses paid from the plan | $64,273 |
| Investment advisory & management fees | $24,287 |
| Other admin expenses | $300 |
| Benefits paid out | $10,894,454 |
| Net assets, start / end of year | $87.1M / $100.7M |
| Active participants, start / end of year | 645 / 645 |
| Participants with account balances | 819 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Forvis Mazars, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $39,686 reported compensation |
| Empower Advisory Group, LLC | $24,287 reported compensation |
| Qdro Consultants Company, LLC | $300 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151259NAL0000758563001, received 2025-10-13, EIN 05-0539572, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.