Retirement plan

JM EAGLE EMPLOYEES 401K SAVINGS PLAN

Name: J-M MANUFACTURING COMPANY, INC. - JM EAGLE EMPLOYEES 401K SAVINGS PLAN (2023) Form 5500
Creator: J-M MANUFACTURING COMPANY, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JM EAGLE EMPLOYEES 401K SAVINGS PLAN, J-M MANUFACTURING COMPANY, INC.

J-M MANUFACTURING COMPANY, INC.EIN 84-0895616Plan #001PY 2023

5200 W CENTURY BOULEVARD - LOS ANGELES, CA 90045310-693-8200

Other plans on this EIN

1 filing

#002Retirement-$29.7M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$96.1M

+15.3% from 2022

Total participants

2,016

-25.1% from 2022

Average account balance

$47,664

+54.0% from 2022

Annual return

15.51%

+30.41 pp from 2022

Benchmarks

See 394 peers

Peer group

Industry32 - Manufacturing

Plan typeDefined contribution

Participants1,000-4,999

Cohort394 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$106.21M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

1,901

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.

84.3%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.92M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

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

+12.02%

Not enough data

1 years with return on file

Admin fee / account holder

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

$145

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
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Service code 13 · EIN 06-1050034	Contract Administrator	$148,640
PENSIONMARK FINANCIAL GROUP LLC7 years Service code 27 · EIN 61-1758632	Advisory (Plan)	$57,876
FARBER HASS HURLEY LLP9+ years Filed as: FARBER HAAS HURLEY, LLP Service code 10 · EIN 20-4207759	Accounting	$19,230
PRUDENTIAL RETIREMENT INSURANCE AND9+ years Filed as: THE PRUDENTIAL INSURANCE COMPANY OF Service code 15	Recordkeeping	$0

Plan features & details

Pension benefit codes2E2G2J2K2S2T3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
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.

Opportunity flags

3 tripped

OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.
ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$231K

$197 / participant

Investment mgmt$72K31.3%
Contract admin$149K64.4%
Other / not subdivided$10K4.3%

% of EOY assets

0.240%

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: FARBER HASS HURLEY LLP
Auditor EIN: 204207759
Audit fees: $5,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$47,664

$104,631-54.4%

$98,461-51.6%

$80,157-40.5%

Participation rate

100.0%

87.5%+12.5pp

75.2%+24.8pp

72.9%+27.1pp

Annual return

15.51%

34.72%-19.2pp

21.17%-5.7pp

40.39%-24.9pp

Employer contribution / active EE

$1,390

$4,517-69.2%

$3,049-54.4%

$2,977-53.3%

Participant deferral / active EE

$6,417

$6,545-2.0%

$4,738+35.4%

$5,015+27.9%

Admin fee / account holder

$115

$105+9.3%

$8,961-98.7%

$145-21.0%

Provider

Service type

Compensation

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Service code 13 · EIN 06-1050034

Contract Administrator

$148,640

PENSIONMARK FINANCIAL GROUP LLC7 years

Service code 27 · EIN 61-1758632

Advisory (Plan)

$57,876

FARBER HASS HURLEY LLP9+ years

Filed as: FARBER HAAS HURLEY, LLP

Service code 10 · EIN 20-4207759

Accounting

$19,230

PRUDENTIAL RETIREMENT INSURANCE AND9+ years

Filed as: THE PRUDENTIAL INSURANCE COMPANY OF

Service code 15

Recordkeeping

JM EAGLE EMPLOYEES 401K SAVINGS PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JM EAGLE EMPLOYEES 401K SAVINGS 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