Jayco, Inc. 401(k) Review & Grade
Jayco, Inc. 401(k) Savings & Investment Plan & Trust Plan
Middlebury, INManufacturing3,154 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$497Employer $ per active participant
$1,782Employee $ saved per active participant
0.06%Direct admin cost, % of plan assets
$87.3MNet plan assets, end of year
$53,208Average balance per account
Score breakdown
- Employer generosity2.7 / 505th percentile for employer $ per participant
- Low cost17.9 / 2572th percentile for low admin cost vs. same-size plans
- Employee saving0.9 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score21 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 72th |
| Employee saving | 6th |
| Peers that auto-enroll | 70% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,441 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jayco put in about $497 per active participant, below the typical peer ($3,452). 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 | $1,566,454 |
| Participant (employee) contributions | $5,619,984 |
| Other contributions (incl. rollovers in) | $125,558 |
| Administrative expenses paid from the plan | $52,916 |
| Investment advisory & management fees | $12,153 |
| Other admin expenses | $2,149 |
| Benefits paid out | $14,281,009 |
| Net assets, start / end of year | $81.5M / $87.3M |
| Active participants, start / end of year | 3,150 / 3,158 |
| Participants with account balances | 1,640 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $40,762 reported compensation |
| Strategic Advisors, Inc. | $12,153 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731131200NAL0003087155001, received 2025-07-31, EIN 35-1144978, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.