Jasper Holdings, Inc. 401(k) Review & Grade
Jasper Holdings, Inc. 401(k) Plan
Jasper, INManufacturing4,098 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,729Employer $ per active participant
$3,537Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$357.1MNet plan assets, end of year
$74,313Average balance per account
Score breakdown
- Employer generosity11.5 / 5023th percentile for employer $ per participant
- Low cost11.2 / 2545th percentile for low admin cost vs. same-size plans
- Employee saving3.0 / 1520th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score26 / 100 · Grade F
This plan vs. peers
Peers: Manufacturing plans with 2,500–9,999 active participants (566 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 23th |
| Lower admin cost | 45th |
| Employee saving | 20th |
| Peers that auto-enroll | 70% |
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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 ($8,121 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
- Jasper Holdings put in about $1,729 per active participant, below the typical peer ($3,452). 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.
- 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 | $7,084,578 |
| Participant (employee) contributions | $14,495,638 |
| Other contributions (incl. rollovers in) | $2,829,143 |
| Administrative expenses paid from the plan | $471,401 |
| Other admin expenses | $119,292 |
| Benefits paid out | $34,253,696 |
| Net assets, start / end of year | $296.5M / $357.1M |
| Active participants, start / end of year | 4,223 / 3,973 |
| Participants with account balances | 4,806 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Baker Tilly US, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $352,109 reported compensation |
| Fifth Third Bank | $119,292 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250923183023NAL0006771905001, received 2025-09-23, EIN 83-2826508, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.