Plan Ledger DOL Form 5500 · updated monthly

L.E. Jones Company401(k)

L.E. JONES COMPANY 401(K) PLAN · MENOMINEE, MI · plan year 2024

Reported admin expense ratio · 2024
0.34%

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

L.E. Jones Company reported $152,645 in plan administrative expenses for 2024: 0.34% of average plan assets, above the peer median. Employer contributions averaged $3,751 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 0.31% to 0.34%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 544th-largest of 2,619 plans among Michigan employers on file, and the 3,304th of 13,661 in manufacturing. In 2024, employees put in $1.32 for every $1.00 the employer contributed; active participation has shrunk from 450 to 379 since 2022.

Plan summary
Net assets, end of year$46,892,716
Participants with balances515
Active participants379
Employer contributions$1,421,703
Employee contributions$1,878,145
Employer contribution per active participant$3,751
Average account balance$91,054
Benefits paid to participants$4,643,184
Plan auditUnmodified (clean) audit opinion
AuditorKEB
Plan history3
Yearassets · accounts · employer contribution
2024$46.9M · 515 accts · $1.4M emplr
2023$43.2M · 517 accts · $1.7M emplr
2022$36.9M · 530 accts · $1.3M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,783
Investment management$86,862
Total administrative$152,645
The L.E. Jones Company 401(k) match · 2024
Employer contribution per active participant$3,751
Median for plans this size$2,416
2024$3,751 per active participant
2023$4,121 per active participant
2022$2,822 per active participant

L.E. Jones Company's 2024 employer contribution ran above 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
JOHN HANCOCK RETIREMENT PLAN SVCS · Recordkeeping · Investment advisory (plan)$66,354
NICOLET NATIONAL BANK · Investment advisory (plan)$86,291

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$152,645 · 0.34%
2023$133,579 · 0.33%
2022$124,816 · 0.31%
Same employer
Similar plansManufacturing · Michigan
Mnp Corporation MI$47.2M · 0.12%
Sunmed LLC MI$47.1M · 0.28%
P&C Group 1, Inc. MI$47.0M · 0.19%
Akwel Cadillac USA, Inc. MI$46.2M · 0.17%
East Jordan Plastics MI$45.2M · 0.17%

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Source: U.S. Department of Labor, Form 5500 series, EIN 381359401 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.