Johnson Health Tech North America, Inc. 401(k) Review & Grade
JHT 401(k) Plan
Cottage Grove, WIWholesale Trade1,225 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,633Employer $ per active participant
$5,289Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$86.5MNet plan assets, end of year
$58,595Average balance per account
Score breakdown
- Employer generosity22.8 / 5046th percentile for employer $ per participant
- Low cost22.0 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-3 pts1 issue reported on the filing
Total score51 / 100 · Grade C
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 46th |
| Lower admin cost | 88th |
| Employee saving | 60th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $114,134 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Johnson Health Tech North America put in about $1,633 per active participant, below the typical peer ($1,792). 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 | $2,000,911 |
| Participant (employee) contributions | $6,478,861 |
| Other contributions (incl. rollovers in) | $5,405,263 |
| Administrative expenses paid from the plan | $36,787 |
| Contract administrator fees | $7,450 |
| Investment advisory & management fees | $27,287 |
| Other admin expenses | $2,050 |
| Benefits paid out | $5,019,260 |
| Net assets, start / end of year | $67.4M / $86.5M |
| Active participants, start / end of year | 1,074 / 1,376 |
| Participants with account balances | 1,476 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Vrakas S.C. |
Largest service providers (Schedule C)
| Raymond James Financial Services | $106,538 reported compensation |
| Voya Retirement Advisors, LLC | $32,777 reported compensation |
| Newport Group, Inc. | $32,467 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250731135631NAL0002626723001, received 2025-07-31, EIN 26-3652291, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.