Jollibee Foods Corporation (USA) 401(k) Review & Grade
JFC America 401(k) Plan
Denver, COAccommodation & Food Services5,647 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$466Employer $ per active participant
$1,009Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$56.6MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity36.9 / 5074th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving9.2 / 1561th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score40 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 2,500–9,999 active participants (104 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 74th |
| Lower admin cost | 15th |
| Employee saving | 61th |
| Peers that auto-enroll | 15% |
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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 ($1,853 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $249 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jollibee Foods Corporation (USA) put in about $466 per active participant, more than the typical peer ($244). 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 (0.43% of assets) are well above similar-size plans (0.12%). 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 | $2,632,584 |
| Participant (employee) contributions | $5,700,192 |
| Other contributions (incl. rollovers in) | $385,890 |
| Administrative expenses paid from the plan | $217,057 |
| Contract administrator fees | $178,332 |
| Investment advisory & management fees | $38,725 |
| Benefits paid out | $4,962,604 |
| Net assets, start / end of year | $44.1M / $56.6M |
| Active participants, start / end of year | 5,381 / 5,913 |
| Participants with account balances | 1,588 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| John Hancock Retirement Plan Servic | $179,056 reported compensation |
| Creative Planning LLC | $38,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250926152825NAL0011068640001, received 2025-09-26, EIN 88-0510198, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.