Retirement plan

JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN

Name: JACKS FAMILY RESTAURANTS, LP - JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN (2017) Form 5500
Creator: JACKS FAMILY RESTAURANTS, LP
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN, JACKS FAMILY RESTAURANTS, LP

JACKS FAMILY RESTAURANTS, LPEIN 63-0440641Plan #003PY 2017

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

Prospect flagsLow participationLow participant contributionCorrective distributions

How to read this page

Total assets (EOY)

$12.5M

+16.6% from 2016

Total participants

4,358

-28.8% from 2016

Average account balance

$14,235

+18.2% from 2016

Annual return

14.19%

+8.35 pp from 2016

Benchmarks

See 279 peers

Peer group

Industry72 - Accommodation and Food Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort279 peers

Snapshot2017

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 5 by compensation

Provider	Service type	Compensation
PLEXUS FINANCIAL SERVICES, LLC1 year Service code 50 · EIN 27-1746834	Direct Payment	$26,186
MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC Service code 15 · EIN 26-1589907	Recordkeeping	$11,987
PLEXUS FINANCIAL SERVICES, LLC1 year Filed as: PLEXUS Service code 55	Other Commissions	$7,747
RELIANCE TRUST COMPANY3+ years Service code 19 · EIN 58-1428634	Securities Custodian	$132
ENVESTNET RETIREMENT SOLUTIONS, LLC2 years Service code 27 · EIN 61-1732930	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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$38K

$9 / participant

Contract admin$38K100.0%

% of EOY assets

0.306%

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

Metric

This plan

Peer set

Industry

Size

Avg account balance

$14,235

$25,165-43.4%

$73,550-80.6%

$77,958-81.7%

Participation rate

19.6%

36.6%-17.0pp

54.9%-35.3pp

71.6%-52.0pp

Annual return

14.19%

18.12%-3.9pp

-15.16%+29.4pp

20.87%-6.7pp

Employer contribution / active EE

$89

$395-77.5%

$1,219-92.7%

$2,310-96.1%

Participant deferral / active EE

$221

$898-75.4%

$1,804-87.8%

$3,537-93.8%

Admin fee / account holder

$44

$76-42.5%

$2,320-98.1%

$97-55.3%

Provider

Service type

Compensation

PLEXUS FINANCIAL SERVICES, LLC1 year

Service code 50 · EIN 27-1746834

Direct Payment

$26,186

MASSACHUSETTS MUTUAL LIFE INS. CO.3+ years

Filed as: MASSMUTUAL RETIREMENT SERVICES, LLC

Service code 15 · EIN 26-1589907

Recordkeeping

$11,987

PLEXUS FINANCIAL SERVICES, LLC1 year

Filed as: PLEXUS

Service code 55

Other Commissions

$7,747

RELIANCE TRUST COMPANY3+ years

Service code 19 · EIN 58-1428634

Securities Custodian

$132

ENVESTNET RETIREMENT SOLUTIONS, LLC2 years

Service code 27 · EIN 61-1732930

Advisory (Plan)

JACKS FAMILY RESTAURANTS/SFM 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKS FAMILY RESTAURANTS/SFM 401(K) 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