Plan Ledger DOL Form 5500 · updated monthly

Jackson County Bank401(k)

JACKSON COUNTY BANK DEFERRED SAVINGS PLAN · SEYMOUR, IN · plan year 2024

Reported admin expense ratio · 2024
0.24%

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

Jackson County Bank reported $29,675 in plan administrative expenses for 2024: 0.24% of average plan assets, below the peer median. Employer contributions averaged $2,525 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 0.28% to 0.24%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 766th-largest of 1,562 plans among Indiana employers on file, and 3,649th of 4,798 in finance & insurance. In 2024, employees put in $1.91 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$13,440,895
Participants with balances201
Active participants180
Employer contributions$454,523
Employee contributions$868,210
Employer contribution per active participant$2,525
Average account balance$66,870
Benefits paid to participants$1,197,709
Plan auditUnmodified (clean) audit opinion
AuditorCROWE LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.4M · 201 accts · $455K emplr
2023$11.5M · 201 accts · $399K emplr
2022$9.8M · 192 accts · $398K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$29,675
Total administrative$29,675
The Jackson County Bank 401(k) match · 2024
Employer contribution per active participant$2,525
Median for plans this size$2,416
2024$2,525 per active participant
2023$2,255 per active participant
2022$2,355 per active participant

Jackson County Bank's 2024 employer contribution ran above 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 · 20242
STANCORP FINANCIAL GROUP · Claims processing · Recordkeeping$19,618
NFP RETIREMENT, INC. · Investment advisory (plan)$24,519

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

Recordkeeper by year2
2024The Standard
2023The Standard

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

Administrative cost history3
2024$29,675 · 0.24%
2023$30,555 · 0.29%
2022$30,249 · 0.28%
Same employer
Similar plansFinance & Insurance · Indiana
Hoosier Hills Credit Union IN$15.4M · 0.31%
The Hometown Savings Bank IN$14.5M · 0.11%
Seven Corners, Inc. IN$13.3M · 0.20%
Meridian Title Company, LLC IN$13.0M · 0.85%
Demotte State Bank IN$11.5M · 0.26%
Joint Board of Trustees IN$11.5M · 0.58%

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Source: U.S. Department of Labor, Form 5500 series, EIN 350418300 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.