Jasper Products L.L.C. 401(k) Review & Grade
Jasper Products L.L.C. 401(k) Plan
Joplin, MOManufacturing988 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,767Employer $ per active participant
$5,313Employee $ saved per active participant
0.91%Direct admin cost, % of plan assets
$898,202Net plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.5 / 5037th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 37th |
| Lower admin cost | 8th |
| Employee saving | 56th |
| 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
- Jasper Products put in about $1,767 per active participant, below the typical peer ($2,320). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.91% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,746,139 |
| Participant (employee) contributions | $5,249,506 |
| Other contributions (incl. rollovers in) | $91,404 |
| Administrative expenses paid from the plan | $247,818 |
| Contract administrator fees | $247,818 |
| Benefits paid out | $7,880,372 |
| Net assets, start / end of year | $53.3M / $898,202 |
| Active participants, start / end of year | 966 / 1,010 |
| Participants with account balances | 33 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | The Whitlock Company, LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $247,818 reported compensation |
| Sra Insurance Agency LLC | $48,742 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250724090446NAL0005711504001, received 2025-07-24, EIN 43-1838738, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.