Jordano's, Inc. 401(k) Review & Grade
Jordano's, Inc. 401(k) Plan
Santa Barbara, CAWholesale Trade530 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,416Employer $ per active participant
$6,486Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$90.3MNet plan assets, end of year
$155,767Average balance per account
Score breakdown
- Employer generosity43.3 / 5087th percentile for employer $ per participant
- Low cost22.4 / 2590th percentile for low admin cost vs. same-size plans
- Employee saving11.0 / 1574th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score87 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 90th |
| Employee saving | 74th |
| Peers that auto-enroll | 53% |
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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
- Jordano's put in about $4,416 per active participant, more than the typical peer ($1,792). 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 | $2,340,330 |
| Participant (employee) contributions | $3,437,349 |
| Other contributions (incl. rollovers in) | $172,499 |
| Administrative expenses paid from the plan | $37,700 |
| Investment advisory & management fees | $70,138 |
| Benefits paid out | $11,931,013 |
| Net assets, start / end of year | $85.5M / $90.3M |
| Active participants, start / end of year | 528 / 532 |
| Participants with account balances | 580 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Green Hasson Janks LLP |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $58,775 reported compensation |
| NFP Retirement, Inc. | $11,363 reported compensation |
| Fidelity Investments Institutional | −$32,438 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251006102304NAL0003260209001, received 2025-10-06, EIN 95-1519497, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.