Retirement plan

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

Name: JACKSON THORNTON & CO., P.C. - JACKSON THORNTON & CO., P.C. 401(K) PLAN (2022) 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 2022

P.O. BOX 96 - MONTGOMERY, AL 361010096334-834-7660jacksonthornton.comLinkedIn51-200 employeesaccounting

Prospect flagsHigh assets / participantFailed to transmit contributions

How to read this page

Total assets (EOY)

$95.9M

-13.2% from 2021

Total participants

314

-7.1% from 2021

Average account balance

$318,535

-7.4% from 2021

Annual return

-10.65%

-28.86 pp from 2021

Benchmarks

See 5,987 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,987 peers

Snapshot2022

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

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

Service providers

Top 3 by compensation

Provider	Service type	Compensation
NEWPORT GROUP, INC.7 years Filed as: NEWPORT TRUST COMPANY Service code 21 · EIN 27-3169253	Bank Trustee	$30,882
NEWPORT GROUP, INC.1 year Service code 14 · EIN 27-2037969	Plan Administrator	$28,846
BUCKINGHAM STRATEGIC PARTNERS8+ years Filed as: BUCKINGHAM ASSET MANAGEMENT, LLC Service code 27 8182 MARYLAND AVENUE, STE 500 · ST. LOUIS, MO 63105	Advisory (Plan)	$14,022

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

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
InformationalHigh assets / participant
Assets per participant exceed $250,000 - top-decile high-value plan.

Expense breakdown

Schedule H Part II

Admin total

$74K

$360 / participant

Investment mgmt$14K19.0%
Contract admin$29K39.1%
Other / not subdivided$31K41.9%

% of EOY assets

0.077%

all-in expense ratio

Categories reported

2 / 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

$318,535

$84,493+277.0%

$125,381+154.1%

$66,938+375.9%

Participation rate

93.7%

76.4%+17.3pp

82.4%+11.3pp

69.8%+23.8pp

Annual return

-10.65%

-8.49%-2.2pp

572.31%-583.0pp

1.58%-12.2pp

Employer contribution / active EE

$3,554-100.0%

$4,815-100.0%

$2,545-100.0%

Participant deferral / active EE

$6,727

$6,783-0.8%

$7,448-9.7%

$4,238+58.7%

Admin fee / account holder

$245

$685-64.2%

$10,007-97.6%

$594-58.7%

Provider

Service type

Compensation

NEWPORT GROUP, INC.7 years

Filed as: NEWPORT TRUST COMPANY

Service code 21 · EIN 27-3169253

Bank Trustee

$30,882

NEWPORT GROUP, INC.1 year

Service code 14 · EIN 27-2037969

Plan Administrator

$28,846

BUCKINGHAM STRATEGIC PARTNERS8+ years

Filed as: BUCKINGHAM ASSET MANAGEMENT, LLC

Service code 27

8182 MARYLAND AVENUE, STE 500 · ST. LOUIS, MO 63105

Advisory (Plan)

$14,022

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