Retirement plan

JACKSON THORNTON & CO., P.C. 401(K) PLAN

Name: JACKSON THORNTON & CO., P.C. - JACKSON THORNTON & CO., P.C. 401(K) PLAN (2024) Form 5500
Creator: JACKSON THORNTON & CO., P.C.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACKSON THORNTON & CO., P.C. 401(K) PLAN, JACKSON THORNTON & CO., P.C.

JACKSON THORNTON & CO., P.C.EIN 63-1035228Plan #001PY 2024

P.O. BOX 96 - MONTGOMERY, AL 36101334-834-7660jacksonthornton.comLinkedIn51-200 employeesaccounting

Prospect flagsLow returnsHigh assets / participant

How to read this page

Total assets (EOY)

$119.9M

+8.6% from 2023

Total participants

364

+11.7% from 2023

Average account balance

$386,911

+9.3% from 2023

Annual return

10.64%

-5.90 pp from 2023

Benchmarks

See 6,278 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort6,278 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$119.94M

Not enough data

1 years with asset history on file

Average account balance

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

$387K

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.

310

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.

77.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$2.62M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$11K

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

+10.64%

Not enough data

1 years with return on file

Admin fee / account holder

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

$253

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

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Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.9 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-4411131	Bank Trustee	$34,796
NEWPORT GROUP, INC.3 years Service code 14 · EIN 27-2037969	Plan Administrator	$27,863
BUCKINGHAM STRATEGIC PARTNERS10+ years Filed as: BUCKINGHAM ASSET MANAGEMENT, LLC Service code 27 8182 MARYLAND AVENUE · ST. LOUIS, MO 63105	Advisory (Plan)	$15,627

Plan features & details

Pension benefit codes2E2F2G2J2T3D3H

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.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
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

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$78K

$328 / participant

Recordkeeping$6K7.9%
Trustee / custodial$35K44.4%
Investment mgmt$16K20.0%
Contract admin$22K27.7%

% of EOY assets

0.065%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: JAMISONMONEYFARMER PC
Auditor EIN: 630933119
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$386,911

$101,672+280.5%

$147,117+163.0%

$74,478+419.5%

Participation rate

77.4%

75.5%+1.9pp

82.2%-4.8pp

67.2%+10.2pp

Annual return

10.64%

8757.83%-8747.2pp

420.54%-409.9pp

1370.56%-1359.9pp

Employer contribution / active EE

$4,516

$3,813+18.4%

$4,932-8.4%

$2,626+72.0%

Participant deferral / active EE

$6,428

$7,305-12.0%

$8,065-20.3%

$4,350+47.8%

Admin fee / account holder

$253

$1,753-85.6%

$12,993-98.1%

$1,946-87.0%

Provider

Service type

Compensation

NEWPORT GROUP, INC.9 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-4411131

Bank Trustee

$34,796

NEWPORT GROUP, INC.3 years

Service code 14 · EIN 27-2037969

Plan Administrator

$27,863

BUCKINGHAM STRATEGIC PARTNERS10+ years

Filed as: BUCKINGHAM ASSET MANAGEMENT, LLC

Service code 27

8182 MARYLAND AVENUE · ST. LOUIS, MO 63105

Advisory (Plan)

$15,627

JACKSON THORNTON & CO., P.C. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACKSON THORNTON & CO., P.C. 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