Jackson Group Peterbilt, Inc. 401(k) Review & Grade
Jackson Group Peterbilt, Inc. 401(k) Retirement Plan
Salt Lake City, UTRetail Trade838 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$600Employer $ per active participant
$5,339Employee $ saved per active participant
0.29%Direct admin cost, % of plan assets
$30.5MNet plan assets, end of year
$26,907Average balance per account
Score breakdown
- Employer generosity21.3 / 5043th percentile for employer $ per participant
- Low cost10.5 / 2542th percentile for low admin cost vs. same-size plans
- Employee saving12.8 / 1586th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 43th |
| Lower admin cost | 42th |
| Employee saving | 86th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($2,150,527 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Jackson Group Peterbilt put in about $600 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.
- 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $502,804 |
| Participant (employee) contributions | $4,471,035 |
| Other contributions (incl. rollovers in) | $505,053 |
| Administrative expenses paid from the plan | $78,358 |
| Contract administrator fees | $78,358 |
| Benefits paid out | $1,941,228 |
| Net assets, start / end of year | $23.8M / $30.5M |
| Active participants, start / end of year | 839 / 836 |
| Participants with account balances | 1,135 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | CMP, P.C. |
Largest service providers (Schedule C)
| Global Retirement Partners, LLC | $53,586 reported compensation |
| National Benefit Services, LLC | $23,792 reported compensation |
| Nationwide | $2,788 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014112619NAL0005620594001, received 2025-10-14, EIN 87-0621494, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.