Plan Ledger DOL Form 5500 · updated monthly

Jd Bank 401K Plan401(k) + ESOP (KSOP)

JD BANK 401K PLAN · JENNINGS, LA · plan year 2024

Reported admin expense ratio · 2024
0.47%

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

Jd Bank 401K Plan reported $77,197 in plan administrative expenses for 2024: 0.47% of average plan assets, higher than ~75% of peers. Employer contributions averaged $2,081 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 3 years on file its reported administrative ratio has held roughly steady near 0.47%. 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 303rd-largest of 884 plans among Louisiana employers on file, and 3,345th of 4,798 in finance & insurance. In 2024, employees put in $1.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$16,568,170
Participants with balances230
Active participants248
Employer contributions$516,089
Employee contributions$974,877
Employer contribution per active participant$2,081
Average account balance$72,036
Benefits paid to participants$3,006,282
Plan auditUnmodified (clean) audit opinion
AuditorWIPFLI LLP
Plan history3
Yearassets · accounts · employer contribution
2024$16.6M · 230 accts · $516K emplr
2023$16.3M · 236 accts · $481K emplr
2022$13.5M · 227 accts · $473K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$24,531
Investment management$29,255
Audit (IQPA)$11,000
Trustee / custodial$4,161
Total administrative$77,197
The Jd Bank 401K Plan 401(k) match · 2024
Employer contribution per active participant$2,081
Median for plans this size$2,416
2024$2,081 per active participant
2023$2,267 per active participant
2022$1,981 per active participant

Jd Bank 401K Plan's 2024 employer contribution ran below 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
MVP PLAN ADMINISTRATORS, INC. · Contract administrator · Recordkeeping$24,531
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants) · Investment advisory (plan)$29,255
WIPFLI LLP · Accounting / audit$11,000
MERCER CAPITAL · Valuation$8,250

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

Recordkeeper by year2
2024MVP PLAN ADMINISTRATORS, INC.
2023MVP PLAN ADMINISTRATORS, INC.

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

Administrative cost history3
2024$77,197 · 0.47%
2023$71,277 · 0.48%
2022$72,944 · 0.49%
Same employer
Similar plansFinance & Insurance · Louisiana
Gulf Coast Bank LA$20.2M · 0.03%
South Louisiana Bank, Inc LA$19.7M · 0.10%
First Guaranty Bank, Inc. LA$16.2M · 0.17%
Cse Federal Credit Union LA$14.2M · 0.36%
Bom Bank LA$13.6M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721176368 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.