Jenzabar, Inc. 401(k) Review & Grade
Jenzabar, Inc. 401(k) Plan
Harrisonburg, VAProfessional, Scientific & Technical Services554 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,546Employer $ per active participant
$9,955Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$102.6MNet plan assets, end of year
$152,885Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving8.8 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 91th |
| Employee saving | 59th |
| 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
- Jenzabar put in about $3,546 per active participant, more than the typical peer ($3,082). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- 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.
- 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 | $1,966,079 |
| Participant (employee) contributions | $5,520,221 |
| Other contributions (incl. rollovers in) | $1,177,505 |
| Administrative expenses paid from the plan | $35,788 |
| Investment advisory & management fees | $34,827 |
| Other admin expenses | $15,000 |
| Benefits paid out | $8,199,895 |
| Net assets, start / end of year | $86.9M / $102.6M |
| Active participants, start / end of year | 561 / 548 |
| Participants with account balances | 671 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | WS Cpas P.C. |
Largest service providers (Schedule C)
| Strategic Advisors, Inc. | $34,827 reported compensation |
| Global Retirement Partners, LLC | $15,000 reported compensation |
| Fidelity Investments Institutional | −$13,924 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008061252NAL0002814579001, received 2025-10-08, EIN 04-3430740, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.