Plan Ledger DOL Form 5500 · updated monthly

Jensen U.S.A.401(k)

JENSEN USA, INC. 401(K) PLAN · PANAMA CITY, FL · plan year 2024

Reported admin expense ratio · 2024
0.01%

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

Jensen U.S.A. reported $1,615 in plan administrative expenses for 2024: 0.01% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,392 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 0.007% to 0.012%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,407th-largest of 3,644 plans among Florida employers on file, and the 1,327th of 3,341 in other services. In 2024, employees put in $4.00 for every $1.00 the employer contributed; active participation has grown from 108 to 142 since 2022.

Plan summary
Net assets, end of year$14,354,798
Participants with balances164
Active participants142
Employer contributions$197,654
Employee contributions$791,219
Employer contribution per active participant$1,392
Average account balance$87,529
Benefits paid to participants$1,033,677
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.4M · 164 accts · $198K emplr
2023$12.3M · 148 accts · $197K emplr
2022$11.3M · 137 accts · $171K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,615
Total administrative$1,615
The Jensen U.S.A. 401(k) match · 2024
Employer contribution per active participant$1,392
Median for plans this size$2,416
2024$1,392 per active participant
2023$1,700 per active participant
2022$1,583 per active participant

Jensen U.S.A.'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 · 20242
ADP, INC. · Loan processing · Recordkeeping$1,615
ADP BROKER-DEALER · 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$1,615 · 0.01%
2023$2,115 · 0.02%
2022$940 · 0.01%
Same employer
Similar plansOther Services · Florida
TEN-8 Fire & Safety, LLC FL$15.5M · 0.33%
Pantropic Power Inc. FL$15.3M · 0.27%
The Intermed Group FL$14.6M · 0.54%
Power Services Group, Inc. FL$13.3M · 0.45%
Bath & Tennis Club, Inc. FL$12.9M · 0.07%
Mastercorp, Inc. FL$12.5M · 0.24%

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Source: U.S. Department of Labor, Form 5500 series, EIN 561226715 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.