Jetsuitex, Inc. 401(k) Review & Grade
Jetsuitex, Inc. 401(k) Plan
Dallas, TXTransportation & Warehousing981 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,747Employer $ per active participant
$4,236Employee $ saved per active participant
0.74%Direct admin cost, % of plan assets
$19.2MNet plan assets, end of year
$18,893Average balance per account
Score breakdown
- Employer generosity33.6 / 5067th percentile for employer $ per participant
- Low cost2.9 / 2512th percentile for low admin cost vs. same-size plans
- Employee saving9.9 / 1566th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 12th |
| Employee saving | 66th |
| Peers that auto-enroll | 37% |
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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 ($76,275 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $17,725 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jetsuitex put in about $1,747 per active participant, more than the typical peer ($1,070). 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.
- Direct plan expenses (0.74% 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 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 | $1,713,755 |
| Participant (employee) contributions | $4,155,880 |
| Other contributions (incl. rollovers in) | $592,387 |
| Administrative expenses paid from the plan | $122,587 |
| Investment advisory & management fees | $34,250 |
| Other admin expenses | $6,827 |
| Benefits paid out | $3,213,230 |
| Net assets, start / end of year | $14.0M / $19.2M |
| Active participants, start / end of year | 974 / 988 |
| Participants with account balances | 1,016 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Bdo USA P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $81,510 reported compensation |
| Raymond James & Associates Inc | $34,250 reported compensation |
| Ubs Financial Services Inc | $6,827 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010172004NAL0004823187001, received 2025-10-10, EIN 30-0874642, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.