JF Acquistion, LLC 401(k) Review & Grade
JF Acquisition, LLC 401(k) Plan
Morrisville, NCConstruction1,349 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,845Employer $ per active participant
$4,854Employee $ saved per active participant
0.61%Direct admin cost, % of plan assets
$67.5MNet plan assets, end of year
$36,314Average balance per account
Score breakdown
- Employer generosity36.8 / 5074th percentile for employer $ per participant
- Low cost4.2 / 2517th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 17th |
| Employee saving | 61th |
| Peers that auto-enroll | 44% |
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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
- JF Acquistion put in about $2,845 per active participant, more than the typical peer ($1,672). 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.
- 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 | $3,838,230 |
| Participant (employee) contributions | $6,547,882 |
| Other contributions (incl. rollovers in) | $2,169,118 |
| Administrative expenses paid from the plan | $375,966 |
| Contract administrator fees | $174,926 |
| Investment advisory & management fees | $182,720 |
| Other admin expenses | $18,320 |
| Benefits paid out | $6,020,505 |
| Net assets, start / end of year | $55.4M / $67.5M |
| Active participants, start / end of year | 1,288 / 1,410 |
| Participants with account balances | 1,860 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Clifton Larson Allen, LLP |
Largest service providers (Schedule C)
| Ubs Financial Services Inc | $182,720 reported compensation |
| John Hancock Life Insurance Company | $24,419 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014105739NAL0002579089001, received 2025-10-14, EIN 01-0937618, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.