Plan Ledger DOL Form 5500 · updated monthly

J-M Farms, Inc.401(k)

J-M FARMS EMPLOYEES' 401(K) PLAN · MIAMI, OK · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

J-M Farms, Inc. reported $17,740 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $108 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 0.59% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other agriculture, forestry & fishing employers. By assets it is among the smaller plans on file in Oklahoma (546th of 724), and 635th of 945 in agriculture, forestry & fishing. In 2024, employees put in $9.67 for every $1.00 the employer contributed; active participation has shrunk from 267 to 222 since 2022.

Plan summary
Net assets, end of year$5,070,510
Participants with balances129
Active participants222
Employer contributions$24,000
Employee contributions$232,001
Employer contribution per active participant$108
Average account balance$39,306
Benefits paid to participants$338,759
Plan auditUnmodified (clean) audit opinion
AuditorSQUARE HOUSE, LLC
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 129 accts · $24K emplr
2023$4.6M · 157 accts · $25K emplr
2022$3.8M · 167 accts · $23K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$10,741
Total administrative$17,740
The J-M Farms, Inc. 401(k) match · 2024
Employer contribution per active participant$108
Median for plans this size$1,313
2024$108 per active participant
2023$98 per active participant
2022$88 per active participant

J-M Farms, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size, in the bottom 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 · 20241
NEWPORT GROUP, INC. · Recordkeeping$10,741

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

Recordkeeper by year2
2024Newport (Ascensus)
2023Newport (Ascensus)

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$17,740 · 0.37%
2023$24,098 · 0.57%
2022$24,611 · 0.59%
Same employer
Similar plansAgriculture, Forestry & Fishing · Oklahoma
Hitch Enterprises Inc. OK$9.0M · 0.23%
Marco Industries, Inc. OK$2.7M · 0.17%
Hardin Staffing Inc. OK$744K · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 731070063 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.