Retirement plan

J & M ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST

Name: J & M ENTERPRISES INC - J & M ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST (2022) Form 5500
Creator: J & M ENTERPRISES INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, J & M ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST, J & M ENTERPRISES INC

J & M ENTERPRISES INCEIN 43-1032753Plan #002PY 2022

11537 SAINT CHARLES ROCK ROAD - BRIDGETON, MO 63044314-292-2356

Prospect flagsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$1.3M

+2.9% from 2021

Total participants

109

-12.1% from 2021

Average account balance

$14,961

+30.7% from 2021

Annual return

-14.14%

-25.72 pp from 2021

Benchmarks

See 9,363 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants25-99

Cohort9,363 peers

Snapshot2022

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

Analytics

Total assets (EOY)

Plan-year ending balance

$2.15M

Not enough data

1 years with asset history on file

Average account balance

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

$39K

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.

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.

67.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$335K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$4K

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

+14.10%

Not enough data

1 years with return on file

Admin fee / account holder

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

$7385

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

0 years with F_SCH_H allocation on file

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
AMERICAN FUNDS1 year Filed as: CAPITAL GROUP RETIREMENT PLAN SVC Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$5,884
EDWARD JONES1 year Service code 27 12555 MANCHESTER ROAD · ST LOUIS, MO 63131	Advisory (Plan)	$4,075
BENEFIT PLANS ADMIN SERVICES, INC.1 year Filed as: BENEFIT PLANS PLUS LLC Service code 13 11701 BORMAN DRIVE · ST LOUIS, MO 63146	Contract Administrator	$2,580

Plan features & details

Pension benefit codes2E2J2K2F2G3D3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$9K

$111 / participant

Other / not subdivided$9K100.0%

% of EOY assets

0.691%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: WIPFLI LLP
Auditor EIN: 390758449
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,961

$54,355-72.5%

$82,744-81.9%

$68,486-78.2%

Participation rate

75.9%

63.9%+12.0pp

72.6%+3.3pp

67.9%+8.0pp

Annual return

-14.14%

-13.67%-0.5pp

702.22%-716.4pp

-7.85%-6.3pp

Employer contribution / active EE

$1,507

$2,219-32.1%

$3,008-49.9%

$2,597-42.0%

Participant deferral / active EE

$3,386

$3,246+4.3%

$4,395-23.0%

$4,028-15.9%

Admin fee / account holder

$103

$4,397-97.6%

$5,325-98.1%

$5,404-98.1%

Provider

Service type

Compensation

AMERICAN FUNDS1 year

Filed as: CAPITAL GROUP RETIREMENT PLAN SVC

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$5,884

EDWARD JONES1 year

Service code 27

12555 MANCHESTER ROAD · ST LOUIS, MO 63131

Advisory (Plan)

$4,075

BENEFIT PLANS ADMIN SERVICES, INC.1 year

Filed as: BENEFIT PLANS PLUS LLC

Service code 13

11701 BORMAN DRIVE · ST LOUIS, MO 63146

Contract Administrator

$2,580

J & M ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

J & M ENTERPRISES INC 401(K) PROFIT SHARING PLAN AND TRUST

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