Jenis Splendid Ice Creams, LLC 401(k) Review & Grade
Jeni's Splendid Ice Creams 401(k) Plan
Columbus, OHAccommodation & Food Services711 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$713Employer $ per active participant
$1,556Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$7.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity40.5 / 5081th percentile for employer $ per participant
- Low cost4.3 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score59 / 100 · Grade C
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 81th |
| Lower admin cost | 17th |
| Employee saving | 77th |
| Peers that auto-enroll | 17% |
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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
- Jenis Splendid Ice Creams put in about $713 per active participant, more than the typical peer ($266). 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.
- Direct plan expenses (0.61% 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.
- 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 | $506,787 |
| Participant (employee) contributions | $1,106,637 |
| Other contributions (incl. rollovers in) | $11,865 |
| Administrative expenses paid from the plan | $43,975 |
| Investment advisory & management fees | $29,719 |
| Other admin expenses | $4,905 |
| Benefits paid out | $1,143,459 |
| Net assets, start / end of year | $6.5M / $7.9M |
| Active participants, start / end of year | 709 / 713 |
| Participants with account balances | 253 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran PLLC |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney | $29,719 reported compensation |
| Adp, Inc. | $9,350 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250821051701NAL0006860480001, received 2025-08-21, EIN 05-0566589, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.