Jefferies Financial Group, Inc. 401(k) Review & Grade
Jefferies Employees' Profit Sharing Plan
New York, NYFinance & Insurance3,536 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,990Employer $ per active participant
$21,952Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$282,597Average balance per account
Score breakdown
- Employer generosity22.0 / 5044th percentile for employer $ per participant
- Low cost24.5 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving14.9 / 1599th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score61 / 100 · Grade B
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 44th |
| Lower admin cost | 98th |
| Employee saving | 99th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $175,840 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jefferies Financial Group put in about $3,990 per active participant, below the typical peer ($4,489). 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 | $14,107,838 |
| Participant (employee) contributions | $77,610,775 |
| Other contributions (incl. rollovers in) | $14,677,941 |
| Administrative expenses paid from the plan | $118,868 |
| Investment advisory & management fees | $62,227 |
| Benefits paid out | $88,218,023 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 3,644 / 3,427 |
| Participants with account balances | 5,052 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Tanner LLP |
| Employer stock held by plan | $121,482,525 |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $62,226 reported compensation |
| Fidelity Investments Institutional | −$72,687 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260707121703NAL0019551681001, received 2026-07-07, EIN 13-2615557, plan #005, plan year 2024-12-01 to 2025-11-30. Verify at efast.dol.gov.