Jones Plastic & Engineering Company, LLC 401(k) Review & Grade
Jones Plastic & Engineering Company, LLC 401(k) Plan
Jeffersontown, KYManufacturing790 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$890Employer $ per active participant
$2,094Employee $ saved per active participant
0.01%Direct admin cost, % of plan assets
$44.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity7.1 / 5014th percentile for employer $ per participant
- Low cost24.6 / 2598th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1513th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score37 / 100 · Grade D
This plan vs. peers
Peers: Manufacturing plans with 500–2,499 active participants (2,376 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 98th |
| Employee saving | 13th |
| Peers that auto-enroll | 59% |
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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
- Jones Plastic & Engineering Company put in about $890 per active participant, below the typical peer ($2,320). 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.
- 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 | $702,931 |
| Participant (employee) contributions | $1,654,435 |
| Other contributions (incl. rollovers in) | $1,433,057 |
| Administrative expenses paid from the plan | $2,925 |
| Benefits paid out | $2,695,530 |
| Net assets, start / end of year | $36.1M / $44.5M |
| Active participants, start / end of year | 699 / 881 |
| Participants with account balances | 300 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $2,925 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013094325NAL0001638080001, received 2025-10-13, EIN 61-0592989, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.