JF Martin Family Corporation 401(k) Review & Grade
JF Martin Family Corporation 401(k) Plan
Stevens, PAManufacturing504 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$378Employer $ per active participant
$1,236Employee $ saved per active participant
0.63%Direct admin cost, % of plan assets
$4.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity2.4 / 505th percentile for employer $ per participant
- Low cost4.0 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving0.7 / 155th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score7 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 5th |
| Lower admin cost | 16th |
| Employee saving | 5th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $7,419 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- JF Martin Family put in about $378 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.
- Direct plan expenses (0.63% 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 | $190,362 |
| Participant (employee) contributions | $622,288 |
| Other contributions (incl. rollovers in) | $100,905 |
| Administrative expenses paid from the plan | $25,155 |
| Contract administrator fees | $11,339 |
| Investment advisory & management fees | $13,816 |
| Benefits paid out | $636,216 |
| Net assets, start / end of year | $3.6M / $4.3M |
| Active participants, start / end of year | 538 / 469 |
| Participants with account balances | 183 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Simon Lever, LLC |
Largest service providers (Schedule C)
| World Investment Advisors, LLC | $13,816 reported compensation |
| Professional Capital Services | $11,339 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008082518NAL0005266417001, received 2025-10-08, EIN 23-1597115, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.