Roy Jorgensen Associates, Inc. 401(k) Review & Grade
Roy Jorgensen Associates, Inc. Retirement Plan
Buckeystown, MDConstruction1,058 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$662Employer $ per active participant
$3,046Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$35.4MNet plan assets, end of year
$26,283Average balance per account
Score breakdown
- Employer generosity11.0 / 5022th percentile for employer $ per participant
- Low cost24.6 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving5.5 / 1537th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 22th |
| Lower admin cost | 99th |
| Employee saving | 37th |
| Peers that auto-enroll | 44% |
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Red flags from the filing
Corrective distributions: the plan refunded $4,827 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Roy Jorgensen Associates put in about $662 per active participant, below the typical peer ($1,672). 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 | $700,572 |
| Participant (employee) contributions | $3,222,888 |
| Other contributions (incl. rollovers in) | $13,046 |
| Administrative expenses paid from the plan | $2,168 |
| Benefits paid out | $4,369,358 |
| Net assets, start / end of year | $31.9M / $35.4M |
| Active participants, start / end of year | 1,007 / 1,109 |
| Participants with account balances | 1,345 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Ellin & Tucker Chartered |
Largest service providers (Schedule C)
| Morgan Stanley Smith Barney | $65,325 reported compensation |
| Fidelity Investments Institutional | $2,168 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250919085334NAL0002315185001, received 2025-09-19, EIN 52-0850711, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.