Plan Ledger DOL Form 5500 · updated monthly

Jackson Furniture Industries, In401(k)

JACKSON FURNITURE INDUSTRIES, INC RETIREMENT PLAN · CLEVELAND, TN · plan year 2024

Reported admin expense ratio · 2024
0.17%

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

Jackson Furniture Industries, In reported $7,974 in plan administrative expenses for 2024: 0.17% of average plan assets, lower than ~75% of peers. Employer contributions averaged $123 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 0.19% to 0.17%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in Tennessee (1,068th of 1,496), and 11,156th of 13,661 in manufacturing. In 2024, employees put in $3.90 for every $1.00 the employer contributed; active participation has shrunk from 997 to 790 since 2022.

Plan summary
Net assets, end of year$5,078,327
Participants with balances131
Active participants790
Employer contributions$96,846
Employee contributions$377,654
Employer contribution per active participant$123
Average account balance$38,766
Benefits paid to participants$294,808
Plan auditUnmodified (clean) audit opinion
AuditorHENDERSON HUTCHERSON AND MCCULLO
Plan history3
Yearassets · accounts · employer contribution
2024$5.1M · 131 accts · $97K emplr
2023$4.5M · 150 accts · $116K emplr
2022$4.3M · 162 accts · $131K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$7,974
Total administrative$7,974
The Jackson Furniture Industries, In 401(k) match · 2024
Employer contribution per active participant$123
Median for plans this size$1,313
2024$123 per active participant
2023$131 per active participant
2022$131 per active participant

Jackson Furniture Industries, In'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 · 20243
ADP, INC. · Loan processing · Recordkeeping$7,974
ADP BROKER-DEALER · Other servicesindirect comp
RAYMOND JAMES FIN SERVICES · Other servicesindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history3
2024$7,974 · 0.17%
2023$9,100 · 0.21%
2022$9,458 · 0.19%
Same employer
Similar plansManufacturing · Tennessee
Pml, Inc. TN$5.2M · 0.47%
Saargummi Tn, Inc TN$5.2M · 0.64%
Elos Medtech Onyx TN$5.1M · 0.59%
A-Z Office Resource, Inc. TN$5.0M · 0.59%
Honest Abe Log Homes Inc TN$4.9M · 0.21%
Chairmans Foods, LLC TN$4.8M · 0.44%

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Source: U.S. Department of Labor, Form 5500 series, EIN 640338186 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.