Johnson, Mirmiran & Thompson, Inc. 401(k) Review & Grade
Johnson, Mirmiran & Thompson Esop and 401(k) Retirement Savings Plan and Trust
Hunt Valley, MDProfessional, Scientific & Technical Services2,261 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$6,900Employer $ per active participant
$9,300Employee $ saved per active participant
0.07%Direct admin cost, % of plan assets
$493.3MNet plan assets, end of year
$168,020Average balance per account
Score breakdown
- Employer generosity41.9 / 5084th percentile for employer $ per participant
- Low cost20.5 / 2582th percentile for low admin cost vs. same-size plans
- Employee saving7.9 / 1553th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 82th |
| Employee saving | 53th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,213 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Johnson, Mirmiran & Thompson put in about $6,900 per active participant, more than the typical peer ($3,082). 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.
- 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.
- 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 | $15,600,000 |
| Participant (employee) contributions | $21,027,718 |
| Other contributions (incl. rollovers in) | $9,956,323 |
| Administrative expenses paid from the plan | $310,870 |
| Contract administrator fees | $231,133 |
| Investment advisory & management fees | $79,737 |
| Benefits paid out | $26,764,406 |
| Net assets, start / end of year | $406.4M / $493.3M |
| Active participants, start / end of year | 2,163 / 2,359 |
| Participants with account balances | 2,936 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cliftonlarsonallen LLP |
| Employer stock held by plan | $191,230,101 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $230,649 reported compensation |
| Onedigital Investment Advisors | $80,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015092631NAL0002167587001, received 2025-10-15, EIN 52-0963531, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.