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 (2022) 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 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$6.4M

-10.7% from 2021

Total participants

140

+5.3% from 2021

Average account balance

$56,345

-17.0% from 2021

Annual return

-13.36%

-30.68 pp from 2021

Benchmarks

See 1,742 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants100-249

Cohort1,742 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
RAYMOND JAMES FINANCIAL SERVICES2 years Service code 99 · EIN 59-2937883	Other Fees	$20,455
FIDUCIARY ADMINISTRATORS1 year Filed as: FIDUCIARY ADMINISTRATORS, LLC Service code 99 · EIN 81-2053326	Other Fees	$4,694
ERISA SERVICES, INC.4 years Service code 99 · EIN 62-1200951	Other Fees	$230
MORNINGSTAR1 year Service code 27 · EIN 36-3297908	Advisory (Plan)	$0
VOYA RETIREMENT INSURANCE & ANNUITY1 year Filed as: VOYA RETIREMENT INS AND ANNUITY Service code 64 · EIN 71-0294708	Recordkeeping Fees	$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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$26K

$224 / participant

Contract admin$26K100.0%

% of EOY assets

0.407%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$56,345

$51,223+10.0%

$82,763-31.9%

$66,949-15.8%

Participation rate

77.8%

67.9%+9.9pp

72.6%+5.2pp

69.8%+8.0pp

Annual return

-13.36%

-9.85%-3.5pp

702.45%-715.8pp

1.57%-14.9pp

Employer contribution / active EE

$1,890

$2,611-27.6%

$3,008-37.2%

$2,545-25.8%

Participant deferral / active EE

$2,862

$3,460-17.3%

$4,395-34.9%

$4,239-32.5%

Admin fee / account holder

$230

$415-44.8%

$5,325-95.7%

$594-61.3%

Provider

Service type

Compensation

RAYMOND JAMES FINANCIAL SERVICES2 years

Service code 99 · EIN 59-2937883

Other Fees

$20,455

FIDUCIARY ADMINISTRATORS1 year

Filed as: FIDUCIARY ADMINISTRATORS, LLC

Service code 99 · EIN 81-2053326

Other Fees

$4,694

ERISA SERVICES, INC.4 years

Service code 99 · EIN 62-1200951

Other Fees

$230

MORNINGSTAR1 year

Service code 27 · EIN 36-3297908

Advisory (Plan)

VOYA RETIREMENT INSURANCE & ANNUITY1 year

Filed as: VOYA RETIREMENT INS AND ANNUITY

Service code 64 · EIN 71-0294708

Recordkeeping Fees

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