Retirement plan

JAKE MARSHALL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Name: JAKE MARSHALL SERVICE, INC. - JAKE MARSHALL SERVICE, INC. 401(K) PROFIT SHARING PLAN (2021) Form 5500
Creator: JAKE MARSHALL SERVICE, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JAKE MARSHALL SERVICE, INC. 401(K) PROFIT SHARING PLAN, JAKE MARSHALL SERVICE, INC.

JAKE MARSHALL SERVICE, INC.EIN 62-1212159Plan #002PY 2021

P.O. BOX 4324 - CHATTANOOGA, TN 37405423-266-7200jmservice.comLinkedIn51-200 employeesutilities

Prospect flagsHigh feesRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.2M

+18.1% from 2020

Total participants

133

0.0% from 2020

Average account balance

$67,873

+9.1% from 2020

Annual return

17.32%

+6.52 pp from 2020

Benchmarks

See 1,682 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,682 peers

Snapshot2021

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

Analytics

Total assets (EOY)

Plan-year ending balance

$9.08M

Not enough data

1 years with asset history on file

Average account balance

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

$67K

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.

135

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.

83.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$655K

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+12.54%

Not enough data

1 years with return on file

Admin fee / account holder

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

$317

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDUCIARY ADMINISTRATORS2 years Service code 13 · EIN 81-2053326	Contract Administrator	$4,295
ERISA SERVICES, INC.2 years Filed as: ERISA SERVICES, INC Service code 13 · EIN 62-1200951	Contract Administrator	$1,588
RAYMOND JAMES FINANCIAL SERVICES1 year Service code 26 · EIN 59-2937883	Advisory (Participants)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2S3D

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.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
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.

Opportunity flags

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$32K

$317 / participant

Contract admin$32K100.0%

% of EOY assets

0.449%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Disclaimer opinion

Auditor declined to express an opinion - usually a 103(a)(3)(C) limited-scope election.

Auditor firm: HENDERSON, HUTCHERSON & MCCULLOUGH
Auditor EIN: 621114363
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$67,873

$63,768+6.4%

$98,506-31.1%

$79,389-14.5%

Participation rate

73.5%

69.9%+3.7pp

73.3%+0.2pp

70.7%+2.8pp

Annual return

17.32%

626.18%-608.9pp

1494.92%-1477.6pp

116.89%-99.6pp

Employer contribution / active EE

$1,835

$2,558-28.3%

$2,961-38.0%

$2,428-24.4%

Participant deferral / active EE

$2,746

$3,305-16.9%

$4,277-35.8%

$4,046-32.1%

Admin fee / account holder

$305

$516-40.9%

$5,955-94.9%

$626-51.4%

Provider

Service type

Compensation

FIDUCIARY ADMINISTRATORS2 years

Service code 13 · EIN 81-2053326

Contract Administrator

$4,295

ERISA SERVICES, INC.2 years

Filed as: ERISA SERVICES, INC

Service code 13 · EIN 62-1200951

Contract Administrator

$1,588

RAYMOND JAMES FINANCIAL SERVICES1 year

Service code 26 · EIN 59-2937883

Advisory (Participants)

JAKE MARSHALL SERVICE, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JAKE MARSHALL SERVICE, INC. 401(K) PROFIT SHARING PLAN

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