Retirement plan

JASPER SEATING, INC. EMPLOYEES RETIREMENT SAVINGS PLAN

Name: JASPER SEATING COMPANY, INC. - JASPER SEATING, INC. EMPLOYEES RETIREMENT SAVINGS PLAN (2024) Form 5500
Creator: JASPER SEATING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JASPER SEATING, INC. EMPLOYEES RETIREMENT SAVINGS PLAN, JASPER SEATING COMPANY, INC.

JASPER SEATING COMPANY, INC.EIN 35-0420370Plan #003PY 2024

225 CLAY STREET - JASPER, IN 47546812-482-3204jasperseating.comLinkedIn11-50 employeesfurniture

Prospect flagsLow employer contribution

Top hat statement on fileNQDC

Filed July 12, 2024 (most recent of 2 filings on file)

Plan administrator

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225 Clay St.

Jasper, IN 47546

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Plans declared (1)

Jasper Seating Company, Inc. Deferred Compensation Plan5 emp

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Total assets (EOY)

$51.6M

+14.0% from 2023

Total participants

1,098

-6.2% from 2023

Average account balance

$52,840

+29.1% from 2023

Annual return

13.65%

-7.29 pp from 2023

Benchmarks

See 2,379 peers

Peer group

Industry33 - Manufacturing

Plan typeDefined contribution

Participants250-999

Cohort2,379 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$51.63M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$53K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

977

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

87.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+13.65%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$139

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Filed as: FIDELTIY INVESTMENTS INSTITUTIONAL Service code 14 · EIN 04-2647786	Plan Administrator	$100,530
OLD NATIONAL WEALTH MANAGEMENT6 years Service code 27 · EIN 35-1729164	Advisory (Plan)	$35,000
FIDELITY INVESTMENTS INSTITUTIONAL3 years Service code 60	Sub-TA Fees	$0

Plan features & details

Pension benefit codes2F2G2J2K2T

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.

Opportunity flags

1 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$136K

$138 / participant

Recordkeeping$101K74.2%
Investment mgmt$35K25.8%

% of EOY assets

0.263%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: KATZ SAPPER MILLER LLP
Auditor EIN: 351090346
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$52,840

$89,123-40.7%

$102,460-48.4%

$77,762-32.0%

Participation rate

87.7%

80.9%+6.8pp

76.5%+11.2pp

70.6%+17.1pp

Annual return

13.65%

25.05%-11.4pp

29.47%-15.8pp

31.27%-17.6pp

Employer contribution / active EE

$746

$2,700-72.4%

$3,025-75.4%

$2,728-72.7%

Participant deferral / active EE

$4,101

$5,148-20.3%

$5,056-18.9%

$4,651-11.8%

Admin fee / account holder

$139

$236-41.2%

$9,460-98.5%

$433-68.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Filed as: FIDELTIY INVESTMENTS INSTITUTIONAL

Service code 14 · EIN 04-2647786

Plan Administrator

$100,530

OLD NATIONAL WEALTH MANAGEMENT6 years

Service code 27 · EIN 35-1729164

Advisory (Plan)

$35,000

FIDELITY INVESTMENTS INSTITUTIONAL3 years

Service code 60

Sub-TA Fees

JASPER SEATING, INC. EMPLOYEES RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JASPER SEATING, INC. EMPLOYEES RETIREMENT SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (1)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion