The Joy Companies, Inc.401(k)
THE JOY COMPANIES, INC. RETIREMENT PLAN · HYATTSVILLE, MD · plan year 2021
Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works
The Joy Companies, Inc. reported $74,802 in plan administrative expenses for 2021: 0.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $184 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 rose from 0.63% to 0.76%. The plan sits in the $10M–$50M size bracket, benchmarked here against 109 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Maryland (971st of 1,671), and 3,027th of 5,337 in construction. In 2021, employees put in $23.09 for every $1.00 the employer contributed.
The Joy Companies, Inc.'s 2021 employer contribution ran below the $2,122 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.
Annual cost at the plan's reported 2021 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Why are you looking at this plan?
Source: U.S. Department of Labor, Form 5500 series, EIN 530091610 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.