Plan Ledger DOL Form 5500 · updated monthly

J.A. Watts, Inc.401(k)

J.A. WATTS, INC. 401(K) PLAN · CHICAGO, IL · plan year 2024

Reported admin expense ratio · 2024
0.67%

Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works

J.A. Watts, Inc. reported $84,324 in plan administrative expenses for 2024: 0.67% of average plan assets, higher than ~90% of peers. Employer contributions averaged $5,214 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.77% to 0.67%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Illinois (2,081st of 3,702), and the 2,602nd of 5,337 in construction. In 2024, employees put in $2.19 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,866,351
Participants with balances169
Active participants135
Employer contributions$703,943
Employee contributions$1,541,985
Employer contribution per active participant$5,214
Average account balance$82,049
Benefits paid to participants$1,811,085
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$13.9M · 169 accts · $704K emplr
2023$11.5M · 171 accts · $692K emplr
2022$7.8M · 146 accts · $540K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$32,774
Investment management$51,550
Total administrative$84,324
The J.A. Watts, Inc. 401(k) match · 2024
Employer contribution per active participant$5,214
Median for plans this size$2,416
2024$5,214 per active participant
2023$4,942 per active participant
2022$4,358 per active participant

J.A. Watts, Inc.'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20243
COMMONWEALTH EQUITY SERVICES LLC DB · Investment advisory (plan)$42,566
EMPOWER ADVISORY GROUP, LLC · Investment management$8,984

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$84,324 · 0.67%
2023$66,833 · 0.69%
2022$59,938 · 0.77%
Same employer
Similar plansConstruction · Illinois
Dukane Precast, Inc. IL$14.6M · 0.57%
Shodeen Group, LLC IL$13.9M · 0.38%
3E, LLC IL$13.7M · 0.50%
Fortis Fire & Safety Inc. IL$12.3M · 0.45%
Slab Masters, Inc. IL$12.1M · 0.54%

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Source: U.S. Department of Labor, Form 5500 series, EIN 364295682 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.