Plan Ledger DOL Form 5500 · updated monthly

TJ3, LLC401(k)

JOHNSTONE SUPPLY 401(K) PROFIT SHARING PLAN · BLOOMINGTON, MN · plan year 2024

Reported admin expense ratio · 2024
1.06%

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

TJ3, LLC reported $66,636 in plan administrative expenses for 2024: 1.06% of average plan assets, higher than ~75% of peers. Employer contributions averaged $3,074 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 has held roughly steady near 1.06%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in Minnesota (1,443rd of 1,918), and 3,326th of 4,246 in wholesale trade. In 2024, employees put in $1.70 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,216,708
Participants with balances173
Active participants148
Employer contributions$454,928
Employee contributions$772,200
Employer contribution per active participant$3,074
Average account balance$41,715
Benefits paid to participants$327,896
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$7.2M · 173 accts · $455K emplr
2023$5.4M · 166 accts · $424K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$65,428
Investment management$1,208
Total administrative$66,636
The TJ3, LLC 401(k) match · 2024
Employer contribution per active participant$3,074
Median for plans this size$1,313
2024$3,074 per active participant
2023$2,604 per active participant

TJ3, LLC's 2024 employer contribution ran above the $1,313 median for plans its size, placing it in the top 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
JOHN HANCOCK LIFE INSURANCE COMPANY · Recordkeeping · Investment management$65,428
WILSHIRE ASSOCIATES INC (USA) · Investment advisory (participants)$1,208

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 history2
2024$66,636 · 1.06%
2023$46,435 · 1.04%
Same employer
Similar plansWholesale Trade · Minnesota
Distribution Alternatives MN$8.4M · 0.11%
AG Plus Cooperative MN$8.4M · 0.32%
Mann Lake LTD. MN$8.0M · 0.56%
Geritom Med, Inc. MN$7.0M · 0.95%
Ototronix, LLC MN$6.1M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 463884294 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.