Plan Ledger DOL Form 5500 · updated monthly

Jones Contractors Inc.401(k)

JONES CONTRACTORS INC. 401K PLAN · HENDERSON, TN · plan year 2024

Reported admin expense ratio · 2024
0.22%

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

Jones Contractors Inc. reported $13,859 in plan administrative expenses for 2024: 0.22% of average plan assets, below the peer median. Employer contributions averaged $2,031 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 3 years on file its reported administrative ratio has held roughly steady near 0.220%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Tennessee (947th of 1,496), and 3,532nd of 5,337 in construction. In 2024, employees put in $1.46 for every $1.00 the employer contributed; active participation has grown from 244 to 345 since 2022.

Plan summary
Net assets, end of year$7,269,782
Participants with balances528
Active participants345
Employer contributions$700,772
Employee contributions$1,023,893
Employer contribution per active participant$2,031
Average account balance$13,769
Benefits paid to participants$609,491
Plan auditUnmodified (clean) audit opinion
AuditorATA, PC
Plan history3
Yearassets · accounts · employer contribution
2024$7.3M · 528 accts · $701K emplr
2023$5.3M · 444 accts · $417K emplr
2022$3.7M · 178 accts · $220K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$13,260
Investment management$599
Total administrative$13,859
The Jones Contractors Inc. 401(k) match · 2024
Employer contribution per active participant$2,031
Median for plans this size$1,313
2024$2,031 per active participant
2023$779 per active participant
2022$900 per active participant

Jones Contractors Inc.'s 2024 employer contribution ran above the $1,313 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 · 20241
AMERICAN UNITED LIFE INSURANCE CO · Recordkeeping · Loan processing$14,160

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

Recordkeeper by year2
2024OneAmerica
2023OneAmerica

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$13,859 · 0.22%
2023$10,359 · 0.23%
2022$8,068 · 0.22%
Same employer
Similar plansConstruction · Tennessee
Bonded Filter Co. LLC TN$7.8M · 0.91%
Hayes Pipe Supply, Inc. TN$7.3M · 0.47%
Maymead, Inc. TN$6.7M · 0.28%
Geo Services, LLC TN$6.4M · 0.09%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621382672 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.