Plan Ledger DOL Form 5500 · updated monthly

J.M. Equipment Company, Inc.401(k)

J.M. EQUIPMENT COMPANY, INC., PROFIT SHARING 401(K) PLAN · MANTECA, CA · plan year 2024

Reported admin expense ratio · 2024
0.51%

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

J.M. Equipment Company, Inc. reported $83,558 in plan administrative expenses for 2024: 0.51% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,422 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 0.54% to 0.51%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 4,100th-largest of 9,483 plans among California employers on file, and 2,189th of 4,246 in wholesale trade. In 2024, employees put in $4.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,752,760
Participants with balances226
Active participants152
Employer contributions$216,073
Employee contributions$890,970
Employer contribution per active participant$1,422
Average account balance$74,127
Benefits paid to participants$2,119,681
Plan auditUnmodified (clean) audit opinion
AuditorPRIEST AMISTADI
Plan history4
Yearassets · accounts · employer contribution
2025$0 · $194K emplr
2024$16.8M · 226 accts · $216K emplr
2023$16.2M · 220 accts · $205K emplr
2022$15.0M · 218 accts · $201K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,033
Investment management$32,025
Audit (IQPA)$9,500
Total administrative$83,558
The J.M. Equipment Company, Inc. 401(k) match · 2024
Employer contribution per active participant$1,422
Median for plans this size$2,416
2024$1,422 per active participant
2023$1,308 per active participant
2022$1,271 per active participant

J.M. Equipment Company, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20244
JOHN HANCOCK RETIREMENT · Recordkeeping · Trustee$38,262
DEFINED RETIREMENT PLAN SOLUTIONS · Recordkeeping$2,072
KESTRA ADVISORY SERVICES · Investment advisory (plan)$32,025
PRIEST AMISTADI · Accounting / audit$9,500

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

Recordkeeper by year3
2025DEFINED RETIREMENT PLAN SOLUTIONS, John Hancock
2024DEFINED RETIREMENT PLAN SOLUTIONS, John Hancock
2023John Hancock

This plan has changed recordkeepers within these filings. If you left J.M. Equipment Company, Inc. before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history4
2025Not separately reported
2024$83,558 · 0.51%
2023$84,492 · 0.54%
2022$93,253 · 0.54%
Same employer
Similar plansWholesale Trade · California
Dohan Inc. CA$17.8M · 0.04%
Gold Star Foods CA$17.6M · 0.96%
Feit Electric Company, Inc. CA$17.3M · 0.01%
The Gehr Group, Inc. CA$16.4M · 0.14%
Cordelia Lighting, Inc. CA$16.2M · 0.23%
Hikvision USA Inc. CA$16.2M · 0.07%

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Source: U.S. Department of Labor, Form 5500 series, EIN 940693960 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.