Plan Ledger DOL Form 5500 · updated monthly

Jacobs Management Corporation401(k)

JACOBS GROUP 401(K) PLAN · HOPKINS, MN · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Jacobs Management Corporation reported $99,863 in plan administrative expenses for 2024: 0.31% of average plan assets, above the peer median. Employer contributions averaged $2,655 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 rose from 0.21% to 0.31%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 648th-largest of 1,918 plans among Minnesota employers on file, and the 3,871st of 11,654 in professional & technical services. In 2024, employees put in $2.39 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$32,944,155
Participants with balances229
Active participants177
Employer contributions$469,894
Employee contributions$1,125,169
Employer contribution per active participant$2,655
Average account balance$143,861
Benefits paid to participants$5,080,795
Plan auditUnmodified (clean) audit opinion
AuditorSMITH SCHAFER AND ASSOCIATES, LTD
Plan history3
Yearassets · accounts · employer contribution
2024$32.9M · 229 accts · $470K emplr
2023$32.3M · 337 accts · $394K emplr
2022$29.2M · 357 accts · $390K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,488
Investment management$34,375
Total administrative$99,863
The Jacobs Management Corporation 401(k) match · 2024
Employer contribution per active participant$2,655
Median for plans this size$2,416
2024$2,655 per active participant
2023$2,332 per active participant
2022$2,281 per active participant

Jacobs Management Corporation'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 · 20244
MILLIMAN, INC. · Recordkeeping · Consulting$65,488
PRIME CAPITAL INVEST. ADVISORS, LLC · Custodial (securities) · Trustee$34,375
CHARLES SCHWAB & CO., INC. · Custodial (securities) · Trustee$51
CHARLES SCHWAB TRUST BANK · Custodial (securities) · Trustee (directed)indirect 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
2024Milliman
2023Milliman

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

Administrative cost history3
2024$99,863 · 0.31%
2023$93,362 · 0.30%
2022$67,969 · 0.21%
Same employer
Similar plansProfessional & Technical Services · Minnesota
Minnetronix Medical, Inc. MN$34.6M · 0.22%
Collective Measures, Inc. MN$33.8M · 0.03%
Netspi, LLC MN$33.5M · 0.18%
Stoneridge Companies, LLC MN$32.9M · 0.24%
Ab Carval Investors, LP MN$31.9M · 0.02%
Redpath and Company, LTD. MN$31.2M · 0.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411458571 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.