Retirement plan

JA USA 401(K) PLAN

Name: JUNIOR ACHIEVEMENT USA - JA USA 401(K) PLAN (2024) Form 5500
Creator: JUNIOR ACHIEVEMENT USA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JA USA 401(K) PLAN, JUNIOR ACHIEVEMENT USA

JUNIOR ACHIEVEMENT USAEIN 84-1267604Plan #334PY 2024

12320 ORACLE BLVD, SUITE 310 - COLORADO SPRINGS, CO 80921719-540-6235ja.orgLinkedIn51-200 employeesnon-profit organization management

Other plans on this EIN

1 filing

#003Retirement--

Prospect flagsHigh feesFailed to transmit contributionsCorrective distributions

How to read this page

Total assets (EOY)

$43M

+26.9% from 2023

Total participants

1,155

+2.6% from 2023

Average account balance

$44,510

+15.3% from 2023

Annual return

15.34%

-3.23 pp from 2023

Benchmarks

See 1,035 peers

Peer group

Industry81 - Other Services (except Public Administration)

Plan typeDefined contribution

Participants250-999

Cohort1,035 peers

Snapshot2024

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$43.04M

Not enough data

1 years with asset history on file

Average account balance

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

$45K

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.

967

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.

81.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.32M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$7K

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

+15.34%

Not enough data

1 years with return on file

Admin fee / account holder

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

$300

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 4 by compensation

Provider	Service type	Compensation
TRANSAMERICA RETIREMENT SOLUTIONS6+ years Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN Service code 15 · EIN 36-6071399	Recordkeeping	$184,664
FIRST WESTERN TRUST BANK5 years Service code 27 · EIN 27-0083857	Advisory (Plan)	$37,467
3(16) FIDUCIARY SERVICES CORP5 years Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO Service code 14 · EIN 45-4813650	Plan Administrator	$35,826
PINNACLE FINANCIAL SERVICES, INC.6+ years Service code 15 · EIN 59-2438373	Recordkeeping	$32,238

Plan features & details

Pension benefit codes2E2F2G2J2K3D2X2A2S2T

Plan features

2A
Age/service weighted or new comparability plan
Age/service weighted plan where allocations are based on age service or age and service; or new comparability or similar plan where allocations are based on participant classifications consisting entirely or predominantly of highly compensated employees or the plan provides an additional allocation rate on compensation above a specified threshold that exceeds the permitted disparity limits of Code section 401(l).
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.
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

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
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

$290K

$294 / participant

Recordkeeping$185K63.6%
Trustee / custodial$2080.1%
Investment mgmt$37K12.9%
Contract admin$68K23.4%

% of EOY assets

0.675%

all-in expense ratio

Categories reported

4 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS MAZARS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$44,510

$65,908-32.5%

$81,812-45.6%

$77,643-42.7%

Participation rate

81.0%

65.8%+15.2pp

72.3%+8.6pp

70.6%+10.4pp

Annual return

15.34%

26.64%-11.3pp

773.79%-758.4pp

31.24%-15.9pp

Employer contribution / active EE

$2,567

$2,370+8.3%

$2,912-11.9%

$2,726-5.8%

Participant deferral / active EE

$4,835

$3,505+37.9%

$4,319+12.0%

$4,647+4.0%

Admin fee / account holder

$300

$526-42.9%

$7,386-95.9%

$430-30.2%

Provider

Service type

Compensation

TRANSAMERICA RETIREMENT SOLUTIONS6+ years

Filed as: TRANSAMERICA FINANCIAL LIFE INSURAN

Service code 15 · EIN 36-6071399

Recordkeeping

$184,664

FIRST WESTERN TRUST BANK5 years

Service code 27 · EIN 27-0083857

Advisory (Plan)

$37,467

3(16) FIDUCIARY SERVICES CORP5 years

Filed as: 3(16) FIDUCIARY SERVICES CORPORATIO

Service code 14 · EIN 45-4813650

Plan Administrator

$35,826

PINNACLE FINANCIAL SERVICES, INC.6+ years

Service code 15 · EIN 59-2438373

Recordkeeping

$32,238

JA USA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JA USA 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