Two JS LLC 401(k) Review & Grade
Schwazze 401(k) Plan · d/b/a Schwazze
Denver, CORetail Trade669 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$557Employer $ per active participant
$929Employee $ saved per active participant
1.34%Direct admin cost, % of plan assets
$2.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity20.0 / 5040th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving2.1 / 1514th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score23 / 100 · Grade F
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 3th |
| Employee saving | 14th |
| Peers that auto-enroll | 48% |
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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
- Two JS put in about $557 per active participant, below the typical peer ($743). 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.
- Direct plan expenses (1.34% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $372,535 |
| Participant (employee) contributions | $621,811 |
| Other contributions (incl. rollovers in) | $147,484 |
| Administrative expenses paid from the plan | $24,763 |
| Contract administrator fees | $12,748 |
| Investment advisory & management fees | $12,015 |
| Benefits paid out | $636,447 |
| Net assets, start / end of year | $1.5M / $2.2M |
| Active participants, start / end of year | 675 / 663 |
| Participants with account balances | 150 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Smith and Howard |
Largest service providers (Schedule C)
| PCS Retirement LLC | $12,748 reported compensation |
| Abg Consultant | $12,015 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20260313113952NAL0007789056001, received 2026-03-13, EIN 81-4156671, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.