Plan Ledger DOL Form 5500 · updated monthly

Jnr Adjustment Company, Inc.401(k)

JNR ADJUSTMENT COMPANY, INC. 401(K) PROFIT SHARING PLAN AND T · PLYMOUTH, MN · plan year 2024

Reported admin expense ratio · 2024
0.74%

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

Jnr Adjustment Company, Inc. reported $23,398 in plan administrative expenses for 2024: 0.74% of average plan assets, above the peer median. Employer contributions averaged $188 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 0.52% to 0.74%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Minnesota (1,693rd of 1,918), and 1,671st of 2,534 in administrative & support services. In 2024, employees put in $6.94 for every $1.00 the employer contributed; active participation has grown from 199 to 310 since 2022.

Plan summary
Net assets, end of year$3,436,276
Participants with balances144
Active participants310
Employer contributions$58,334
Employee contributions$405,077
Employer contribution per active participant$188
Average account balance$23,863
Benefits paid to participants$340,788
Plan auditUnmodified (clean) audit opinion
AuditorHARRINGTON LANGER & ASSOCIATES
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 144 accts · $58K emplr
2023$2.9M · 156 accts · $53K emplr
2022$2.4M · 142 accts · $44K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$15,827
Investment management$7,571
Total administrative$23,398
The Jnr Adjustment Company, Inc. 401(k) match · 2024
Employer contribution per active participant$188
Median for plans this size$1,313
2024$188 per active participant
2023$209 per active participant
2022$219 per active participant

Jnr Adjustment Company, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20242
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$15,826
OSAIC WEALTH INC · Investment advisory (plan)$7,435

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$23,398 · 0.74%
2023$15,038 · 0.57%
2022$12,868 · 0.52%
Same employer
Similar plansAdministrative & Support Services · Minnesota
Rural Minnesota Cep MN$5.8M · 0.50%
A.B.L.E., Inc. MN$4.5M · 0.59%
Ljp Waste Solutions MN$3.1M · 0.58%
Janone, Inc. MN$2.5M · 0.15%
Corp IV Holdings, Inc. MN$2.3M · 0.01%

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Source: U.S. Department of Labor, Form 5500 series, EIN 411725538 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.