Plan Ledger DOL Form 5500 · updated monthly

Jnd Holdings, Inc.401(k)

JND HOLDINGS, INC. 401(K) PROFIT SHARING PLAN · BEMIDJI, MN · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Jnd Holdings, Inc. reported $63,900 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~75% of peers. Employer contributions averaged $651 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 0.81% to 0.56%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Minnesota (1,219th of 1,918), and the 2,359th of 5,215 in retail trade. In 2024, employees put in $1.79 for every $1.00 the employer contributed; active participation has shrunk from 463 to 400 since 2022.

Plan summary
Net assets, end of year$11,468,663
Participants with balances206
Active participants400
Employer contributions$260,227
Employee contributions$465,559
Employer contribution per active participant$651
Average account balance$55,673
Benefits paid to participants$1,656,100
Plan auditUnmodified (clean) audit opinion
AuditorMILLER MCDONALD INC.
Plan history3
Yearassets · accounts · employer contribution
2024$11.5M · 206 accts · $260K emplr
2023$11.2M · 229 accts · $217K emplr
2022$10.2M · 214 accts · $269K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,900
Total administrative$63,900
The Jnd Holdings, Inc. 401(k) match · 2024
Employer contribution per active participant$651
Median for plans this size$2,416
2024$651 per active participant
2023$436 per active participant
2022$582 per active participant

Jnd Holdings, Inc.'s 2024 employer contribution ran below the $2,416 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
USI ADVISORS INC · Investment advisory (plan)$26,000
EMPOWER ADVISORY GROUP, LLC · Investment management$7,250

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$63,900 · 0.56%
2023$60,253 · 0.56%
2022$90,509 · 0.81%
All plans at this employer2
JND HOLDINGS, INC. 401(K) PROFIT SHARING PLAN401(k)
JND HOLDINGS ESOPESOP
Same employer
Similar plansRetail Trade · Minnesota
Fun.com, Inc. MN$12.3M · 0.42%
Twin Cities Co-Op Partners MN$12.3M · 0.63%
Valley Sales, Inc. MN$12.0M · 0.07%
Kiltie Corporation MN$11.6M · 0.36%
North Star Holdco, Inc. MN$11.1M · 0.49%

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Source: U.S. Department of Labor, Form 5500 series, EIN 811397745 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.