John Bean Technologies Corporation 401(k) Review & Grade
John Bean Technologies Corporation Savings and Investment Plan
Chicago, ILManufacturing2,298 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$6,283Employer $ per active participant
$8,796Employee $ saved per active participant
0.08%Direct admin cost, % of plan assets
$458.2MNet plan assets, end of year
$133,480Average balance per account
Score breakdown
- Employer generosity44.4 / 5089th percentile for employer $ per participant
- Low cost19.7 / 2579th percentile for low admin cost vs. same-size plans
- Employee saving12.7 / 1585th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-10 pts1 issue reported on the filing
Total score67 / 100 · Grade B
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 89th |
| Lower admin cost | 79th |
| Employee saving | 85th |
| Peers that auto-enroll | 59% |
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Red flags from the filing
Benefits not paid when due: the plan reported failing to pay some benefits on time.
What to do if you're in this plan
- John Bean Technologies put in about $6,283 per active participant, more than the typical peer ($2,320). 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 | $14,434,216 |
| Participant (employee) contributions | $20,209,619 |
| Other contributions (incl. rollovers in) | $5,421,488 |
| Administrative expenses paid from the plan | $355,142 |
| Investment advisory & management fees | $145,860 |
| Benefits paid out | $59,869,939 |
| Net assets, start / end of year | $416.5M / $458.2M |
| Active participants, start / end of year | 2,316 / 2,279 |
| Participants with account balances | 3,433 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Grant Thornton LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $180,409 reported compensation |
| Northern Trust Company | $145,860 reported compensation |
| Grant Thornton LLP | $27,135 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015121333NAL0004812929001, received 2025-10-15, EIN 91-1650317, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.