Retirement plan

JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN

Name: JACKS FAMILY RESTAURANTS, INC - JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN (2015) Form 5500
Creator: JACKS FAMILY RESTAURANTS, INC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN, JACKS FAMILY RESTAURANTS, INC

JACKS FAMILY RESTAURANTS, INCEIN 63-0440641Plan #003PY 2015

124 WEST OXMOOR ROAD - BIRMINGHAM, AL 35209205-945-8167eatatjacks.comLinkedIn5001-10000 employeesrestaurants

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$9.5M

No prior year

Total participants

4,100

No prior year

Average account balance

$11,874

No prior year

Annual return

0.46%

No prior year

Benchmarks

See 281 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort281 peers

Snapshot2015

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

Analytics

Total assets (EOY)

Plan-year ending balance

$17.12M

Not enough data

1 years with asset history on file

Average account balance

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

$35K

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.

483

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.

8.8%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.44M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$394

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

+12.41%

Not enough data

1 years with return on file

Admin fee / account holder

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

$248

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 4 by compensation

Provider	Service type	Compensation
BENJAMIN F EDWARDS & COMPANY INC.1+ years Filed as: BENJAMIN F EDWARDS & CO. INC. Service code 55 · EIN 26-3199152	Other Commissions	$23,519
RELIANCE TRUST COMPANY1+ years Service code 19 · EIN 58-1428634	Securities Custodian	$132
MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$0
MESIROW FINANCIAL INVESTMENT MANAGE1+ years Filed as: MESIROW FINANCIAL INVT MGT INC Service code 27 · EIN 36-3429599	Advisory (Plan)	$0

Plan features & details

Pension benefit codes2E2F2G2J2K3D

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.

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

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: CARR, RIGGS & INGRAM, LLC
Auditor EIN: 721396621
Audit fees: (not subdivided)
Opinion code: Disclaimer

Metric

This plan

Peer set

Industry

Size

Avg account balance

$11,874

$21,965-45.9%

$59,496-80.0%

$59,188-79.9%

Participation rate

17.7%

32.6%-14.9pp

54.6%-36.9pp

69.4%-51.7pp

Annual return

0.46%

22.15%-21.7pp

182.05%-181.6pp

5.51%-5.0pp

Employer contribution / active EE

$79

$316-75.0%

$1,153-93.1%

$2,098-96.2%

Participant deferral / active EE

$214

$732-70.7%

$1,829-88.3%

$3,265-93.4%

Admin fee / account holder

$74-100.0%

$2,232-100.0%

$92-100.0%

Provider

Service type

Compensation

BENJAMIN F EDWARDS & COMPANY INC.1+ years

Filed as: BENJAMIN F EDWARDS & CO. INC.

Service code 55 · EIN 26-3199152

Other Commissions

$23,519

RELIANCE TRUST COMPANY1+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$132

MASSACHUSETTS MUTUAL LIFE INS. CO.1+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

MESIROW FINANCIAL INVESTMENT MANAGE1+ years

Filed as: MESIROW FINANCIAL INVT MGT INC

Service code 27 · EIN 36-3429599

Advisory (Plan)

JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Audit opinion

Benchmarks

Service providers

Opportunity flags

Audit opinion