Plan Ledger DOL Form 5500 · updated monthly

Jet Industries, Inc.401(k)

EMPLOYERS 401(K) ELITE RETIREMENT PLAN · SALEM, OR · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Jet Industries, Inc. reported $11,218 in plan administrative expenses for 2023: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,626 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 1 year on file its reported administrative ratio fell from 0.24% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Oregon (679th of 1,021), and 3,644th of 5,337 in construction. In 2023, employees put in $1.81 for every $1.00 the employer contributed; active participation has shrunk from 398 to 304 since 2022.

Plan summary
Net assets, end of year$6,614,446
Participants with balances349
Active participants304
Employer contributions$494,205
Employee contributions$895,859
Employer contribution per active participant$1,626
Average account balance$18,953
Benefits paid to participants$495,300
Plan auditUnmodified (clean) audit opinion
AuditorPERKINS & COMPANY, P.C.
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $383K emplr
2023$6.6M · 349 accts · $494K emplr
2022$4.8M · 353 accts · $247K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$11,218
Total administrative$11,218
The Jet Industries, Inc. 401(k) match · 2023
Employer contribution per active participant$1,626
Median for plans this size$1,308
2023$1,626 per active participant
2022$620 per active participant

Jet Industries, Inc.'s 2023 employer contribution ran above the $1,308 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20232
AMERITAS LIFE INSURANCE CORPORATION · Recordkeeping$4,432
PENTEGRA RETIREMENT SERVICES · Contract administrator$6,786

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

Recordkeeper by year2
2024AMERTIAS LIFE INSURANCE CORPORATION
2023Ameritas

This plan has changed recordkeepers within these filings. If you left Jet Industries, 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
2024Not separately reported
2023$11,218 · 0.20%
2022$12,006 · 0.24%
Same employer
Similar plansConstruction · Oregon
Lmc, Inc. OR$7.6M · 0.51%
Garner Electric, Co. OR$7.3M · 0.58%
Neil Kelly Company, Inc. OR$6.0M · 0.91%
Sound Security, Inc. OR$5.8M · 0.68%

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Source: U.S. Department of Labor, Form 5500 series, EIN 930682364 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.