JSJ Corporation 401(k) Review & Grade
JSJ Corporation Retirement Savings and Investment Plan
Grand Haven, MIManagement of Companies1,008 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,046Employer $ per active participant
$5,511Employee $ saved per active participant
0.26%Direct admin cost, % of plan assets
$128.2MNet plan assets, end of year
$86,428Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost11.6 / 2546th percentile for low admin cost vs. same-size plans
- Employee saving7.5 / 1550th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 46th |
| Employee saving | 50th |
| Peers that auto-enroll | 58% |
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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
- JSJ put in about $2,046 per active participant, below the typical peer ($2,492). 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.
- 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 | $2,063,782 |
| Participant (employee) contributions | $5,558,239 |
| Other contributions (incl. rollovers in) | $711,004 |
| Administrative expenses paid from the plan | $323,429 |
| Investment advisory & management fees | $214,393 |
| Other admin expenses | $338 |
| Benefits paid out | $20,591,578 |
| Net assets, start / end of year | $124.4M / $128.2M |
| Active participants, start / end of year | 1,090 / 927 |
| Participants with account balances | 1,483 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hungerford |
Largest service providers (Schedule C)
| Empower Advisory Group, LLC | $132,994 reported compensation |
| Empower Annuity Insurance Company O | $108,698 reported compensation |
| Capfinancial Partners LLC DBA Captr | $80,799 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001145419NAL0031921938001, received 2025-10-01, EIN 38-1941886, plan #011, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.