Plan Ledger DOL Form 5500 · updated monthly

Jarrett Builders, Inc401(k)

JARRETT BUILDERS, INC 401(K) PLAN · NASHVILLE, TN · plan year 2024

Reported admin expense ratio · 2024
2.29%

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

Jarrett Builders, Inc reported $47,267 in plan administrative expenses for 2024: 2.29% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,302 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 1.75% to 2.29%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (1,263rd of 1,496), and 4,650th of 5,337 in construction. In 2024, employees put in $1.73 for every $1.00 the employer contributed; active participation has grown from 204 to 275 since 2022.

Plan summary
Net assets, end of year$2,571,001
Participants with balances123
Active participants275
Employer contributions$358,140
Employee contributions$617,793
Employer contribution per active participant$1,302
Average account balance$20,902
Benefits paid to participants$168,545
Plan auditUnmodified (clean) audit opinion
AuditorKENDRA MELNYK, CPA
Plan history3
Yearassets · accounts · employer contribution
2024$2.6M · 123 accts · $358K emplr
2023$1.6M · 289 accts · $357K emplr
2022$562K · 230 accts · $196K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$47,267
Total administrative$47,267
The Jarrett Builders, Inc 401(k) match · 2024
Employer contribution per active participant$1,302
Median for plans this size$1,313
2024$1,302 per active participant
2023$1,415 per active participant
2022$962 per active participant

Jarrett Builders, Inc's 2024 employer contribution ran below the $1,313 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 · 20249
TRANSAMERICA RETIREMENT SOLUTIONS, · Recordkeeping · Loan processing$18,039
FUTUREPLAN FIDUCIARY SERVICES, LLC · Recordkeeping · Loan processing$11,533
WELLS FARGO ADVISORS LLC · Investment advisory (plan)$10,513
KENDRA G MELNYK CPA · Accounting / audit$6,125
RPA FINANCIAL LLC · Investment advisory (plan)$1,051
RELIANCE TRUST COMPANY · Custodial (securities)$38
TRANSAMERICA TRUST CO · Trustee$21
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator$5
WILSHIRE ADVISORS · Investment advisory (plan)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
2024FUTUREPLAN FIDUCIARY SERVICES, LLC, Transamerica
2023FUTUREPLAN FIDUCIARY SERVICES, Transamerica

This plan has changed recordkeepers within these filings. If you left Jarrett Builders, Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$47,267 · 2.29%
2023$36,789 · 3.48%
2022$9,817 · 1.75%
Same employer
Similar plansConstruction · Tennessee
Savage Brothers Inc TN$2.9M · 0.00%
Summit Constructors, Inc. TN$2.6M · 0.51%
Acme Block & Brick, Inc. TN$2.3M · 0.07%
Dement LLC TN$2.2M · 0.77%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621689424 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.