Plan Ledger DOL Form 5500 · updated monthly

Jackson Excavating & Leasing Company, Inc. dba Baker Services Inc.401(k)

BAKER SERVICES RETIREMENT PLAN AND TRUST · RAYMOND, MS · plan year 2022

Reported admin expense ratio · 2022
1.04%

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

Jackson Excavating & Leasing Company, Inc. dba Baker Services Inc. reported $26,778 in plan administrative expenses for 2022: 1.04% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,000 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 1 year on file its reported administrative ratio rose from 1.04% to 1.39%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Mississippi (308th of 367), and 4,734th of 5,337 in construction. In 2022, employees put in $1.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,313,650
Participants with balances176
Active participants95
Employer contributions$95,000
Employee contributions$125,147
Employer contribution per active participant$1,000
Average account balance$13,146
Benefits paid to participants$286,985
Plan auditDisclaimer of opinion
AuditorWILLIAMS, WEISS, HESTER & CO, PLLC
Plan history2
Yearassets · accounts · employer contribution
2023$2.3M · 81 accts · $35K emplr
2022$2.3M · 176 accts · $95K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$20,757
Investment management$6,021
Total administrative$26,778
The Jackson Excavating & Leasing Company, Inc. dba Baker Services Inc. 401(k) match · 2022
Employer contribution per active participant$1,000
Median for plans this size$1,114
2023$372 per active participant
2022$1,000 per active participant

Jackson Excavating & Leasing Company, Inc. dba Baker Services Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history2
2023$31,839 · 1.39%
2022$26,778 · 1.04%
Similar plansConstruction · Mississippi
Maloney Management, LLC MS$4.0M · 0.81%
Huey P. Stockstill LLC MS$3.1M · 0.25%
Moses Electric, Inc. MS$2.0M · 1.45%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640599352 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.