Jack Ohio Finance LLC 401(k) Review & Grade
Jack Entertainment Retirement Plan
Cleveland, OHArts, Entertainment & Recreation1,412 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$817Employer $ per active participant
$3,294Employee $ saved per active participant
0.44%Direct admin cost, % of plan assets
$46.3MNet plan assets, end of year
$27,707Average balance per account
Score breakdown
- Employer generosity21.2 / 5042th percentile for employer $ per participant
- Low cost6.8 / 2527th percentile for low admin cost vs. same-size plans
- Employee saving10.2 / 1568th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score48 / 100 · Grade C
This plan vs. peers
Peers: Arts, Entertainment & Recreation plans with 500–2,499 active participants (225 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 42th |
| Lower admin cost | 27th |
| Employee saving | 68th |
| Peers that auto-enroll | 38% |
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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
- Jack Ohio Finance put in about $817 per active participant, below the typical peer ($995). 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 (0.44% 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.
- 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 | $1,153,434 |
| Participant (employee) contributions | $4,649,855 |
| Other contributions (incl. rollovers in) | $8,083 |
| Administrative expenses paid from the plan | $190,862 |
| Contract administrator fees | $121,911 |
| Investment advisory & management fees | $47,990 |
| Benefits paid out | $5,550,794 |
| Net assets, start / end of year | $41.0M / $46.3M |
| Active participants, start / end of year | 1,413 / 1,410 |
| Participants with account balances | 1,670 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $121,911 reported compensation |
| Onedigital Investment | $24,000 reported compensation |
| Mma Securities LLC | $24,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010134318NAL0004299299001, received 2025-10-10, EIN 45-2917350, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.