J-M Manufacturing Company, Inc. 401(k) Review & Grade
JM Eagle Employees 401k Savings Plan
Los Angeles, CAManufacturing1,322 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$416Employer $ per active participant
$5,580Employee $ saved per active participant
0.27%Direct admin cost, % of plan assets
$106.2MNet plan assets, end of year
$55,870Average balance per account
Score breakdown
- Employer generosity2.8 / 506th percentile for employer $ per participant
- Low cost11.0 / 2544th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 6th |
| Lower admin cost | 44th |
| Employee saving | 60th |
| Peers that auto-enroll | 59% |
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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
- J-M Manufacturing Company put in about $416 per active participant, below the typical peer ($2,320). 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 | $549,934 |
| Participant (employee) contributions | $7,374,229 |
| Other contributions (incl. rollovers in) | $60,499 |
| Administrative expenses paid from the plan | $276,180 |
| Contract administrator fees | $17,347 |
| Investment advisory & management fees | $60,918 |
| Other admin expenses | $97,790 |
| Benefits paid out | $9,355,248 |
| Net assets, start / end of year | $96.1M / $106.2M |
| Active participants, start / end of year | 1,171 / 1,472 |
| Participants with account balances | 1,901 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Farber Hass Hurley LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $99,031 reported compensation |
| World Investment Advisors LLC | $46,449 reported compensation |
| Farber Hass Hurley LLP | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015165019NAL0002661539001, received 2025-10-15, EIN 84-0895616, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.