Plan Ledger DOL Form 5500 · updated monthly

Jennings Road Management Corp401(k)

THE HERB CHAMBERS COMPANIES SECTION 401(K) PLAN · GLASTONBURY, CT · plan year 2024

Reported admin expense ratio · 2024
0.20%

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

Jennings Road Management Corp reported $282,421 in plan administrative expenses for 2024: 0.20% of average plan assets, above the peer median. Employer contributions averaged $921 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 0.27% to 0.20%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other retail trade employers. By assets it is the 135th-largest of 1,106 plans among Connecticut employers on file, and the 272nd of 5,215 in retail trade. In 2024, employees put in $4.24 for every $1.00 the employer contributed; active participation has grown from 2,020 to 2,264 since 2022.

Plan summary
Net assets, end of year$149,488,624
Participants with balances1,196
Active participants2,264
Employer contributions$2,085,138
Employee contributions$8,850,668
Employer contribution per active participant$921
Average account balance$124,990
Benefits paid to participants$12,813,502
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$149.5M · 1,196 accts · $2.1M emplr
2023$134.8M · 1,230 accts · $2.0M emplr
2022$112.2M · 1,216 accts · $2.1M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$27,421
Investment management$55,000
Total administrative$282,421
The Jennings Road Management Corp 401(k) match · 2024
Employer contribution per active participant$921
Median for plans this size$3,635
2024$921 per active participant
2023$965 per active participant
2022$1,019 per active participant

Jennings Road Management Corp's 2024 employer contribution ran below the $3,635 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
MMA SECURITIES LLC · Investment advisory (plan)$55,000
PENSION CONSULTANTS INC · Contract administrator$45,000

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

Administrative cost history3
2024$282,421 · 0.20%
2023$320,075 · 0.26%
2022$322,132 · 0.27%
Same employer
Similar plansRetail Trade · Connecticut
Bob's Discount Furniture LLC CT$227.8M · 0.13%
Ring's End, Incorporated CT$122.9M · 0.11%
Bh Shoe Holdings, Inc CT$117.8M · 0.19%
Stew Leonard's CT$115.3M · 0.14%
Mbi, Inc. CT$111.4M

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Source: U.S. Department of Labor, Form 5500 series, EIN 061169004 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.