Jasper Seating Company, Inc. 401(k) Review & Grade
Jasper Seating, Inc. Employees Retirement Savings Plan
Jasper, INManufacturing1,036 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$708Employer $ per active participant
$3,895Employee $ saved per active participant
0.28%Direct admin cost, % of plan assets
$51.6MNet plan assets, end of year
$52,840Average balance per account
Score breakdown
- Employer generosity5.2 / 5010th percentile for employer $ per participant
- Low cost10.8 / 2543th percentile for low admin cost vs. same-size plans
- Employee saving5.2 / 1535th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score24 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 10th |
| Lower admin cost | 43th |
| Employee saving | 35th |
| 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 Seating Company put in about $708 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.
- 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 | $733,748 |
| Participant (employee) contributions | $4,035,516 |
| Other contributions (incl. rollovers in) | $617,976 |
| Administrative expenses paid from the plan | $135,530 |
| Investment advisory & management fees | $35,000 |
| Benefits paid out | $4,598,249 |
| Net assets, start / end of year | $45.3M / $51.6M |
| Active participants, start / end of year | 1,088 / 984 |
| Participants with account balances | 977 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Katz Sapper Miller LLP |
Largest service providers (Schedule C)
| Fideltiy Investments Institutional | $100,530 reported compensation |
| Old National Wealth Management | $35,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250730134158NAL0004810497001, received 2025-07-30, EIN 35-0420370, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.