Plan Ledger DOL Form 5500 · updated monthly

Jackson Academy, Inc.401(k)

JACKSON ACADEMY, INC. 401(K) PLAN · JACKSON, MS · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Jackson Academy, Inc. reported $4,080 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,036 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 0.03% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other educational services employers. By assets it is the 106th-largest of 367 plans among Mississippi employers on file, and 1,685th of 3,091 in educational services. In 2024, employees put in $1.94 for every $1.00 the employer contributed; active participation has grown from 279 to 332 since 2022.

Plan summary
Net assets, end of year$17,677,078
Participants with balances289
Active participants332
Employer contributions$343,872
Employee contributions$666,586
Employer contribution per active participant$1,036
Average account balance$61,166
Benefits paid to participants$1,714,708
Plan auditUnmodified (clean) audit opinion
AuditorHARPER RAINS KNIGHT & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$17.7M · 289 accts · $344K emplr
2023$16.1M · 276 accts · $343K emplr
2022$14.8M · 284 accts · $354K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,080
Total administrative$4,080
The Jackson Academy, Inc. 401(k) match · 2024
Employer contribution per active participant$1,036
Median for plans this size$2,416
2024$1,036 per active participant
2023$831 per active participant
2022$1,268 per active participant

Jackson Academy, Inc.'s 2024 employer contribution ran below the $2,416 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
MINNESOTA LIFE INSURANCE COMPANY · Contract administrator · Recordkeeping$77,465

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

Recordkeeper by year2
2024Securian
2023Securian

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

Administrative cost history3
2024$4,080 · 0.02%
2023$5,640 · 0.04%
2022$5,570 · 0.03%
Same employer
Similar plansEducational Services · Mississippi
Belhaven University MS$30.1M · 0.00%
Tougaloo College MS$13.5M · 0.10%
Minact, Inc. MS$11.9M · 0.30%

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Source: U.S. Department of Labor, Form 5500 series, EIN 646012819 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.