JM Texas Companies, LLC 401(k) Review & Grade
Eagle Railcar Services Retirement Savings Plan
Eastland, TXManufacturing1,114 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$527Employer $ per active participant
$1,354Employee $ saved per active participant
0.64%Direct admin cost, % of plan assets
$13.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity3.7 / 507th percentile for employer $ per participant
- Low cost3.9 / 2516th percentile for low admin cost vs. same-size plans
- Employee saving0.8 / 156th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score8 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 7th |
| Lower admin cost | 16th |
| Employee saving | 6th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Corrective distributions: the plan refunded $61,269 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- JM Texas Companies put in about $527 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 (0.64% 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 | $587,453 |
| Participant (employee) contributions | $1,507,828 |
| Other contributions (incl. rollovers in) | $11,774 |
| Administrative expenses paid from the plan | $77,766 |
| Contract administrator fees | $43,664 |
| Investment advisory & management fees | $30,204 |
| Benefits paid out | $1,707,484 |
| Net assets, start / end of year | $11.3M / $13.0M |
| Active participants, start / end of year | 1,228 / 1,000 |
| Participants with account balances | 410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Condley and Company, LLP |
Largest service providers (Schedule C)
| Ameritas Life Insurance Corp | $43,664 reported compensation |
| Fondren Oaks Capital Management | $30,204 reported compensation |
| Charles Schwab Bank | $3,898 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013151003NAL0001489441001, received 2025-10-13, EIN 26-4818658, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.