Retirement plan

EMPLOYEE STOCK OWNERSHIP 401(K) PLAN AND TRUST FOR EMPLOYEES OF JAYNES CORPORATION (KSOP)

Name: JAYNES COMPANIES - EMPLOYEE STOCK OWNERSHIP 401(K) PLAN AND TRUST FOR EMPLOYEES OF JAYNES CORPORATION (KSOP) (2022) Form 5500
Creator: JAYNES COMPANIES
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, EMPLOYEE STOCK OWNERSHIP 401(K) PLAN AND TRUST FOR EMPLOYEES OF JAYNES CORPORATION (KSOP), JAYNES COMPANIES

JAYNES COMPANIESEIN 85-0172050Plan #001PY 2022

P.O. BOX 26841 - ALBUQUERQUE, NM 871256841505-345-8591LinkedIn201-500 employeesconstruction

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$29.9M

-16.6% from 2021

Total participants

245

+6.1% from 2021

Average account balance

$121,955

-21.4% from 2021

Annual return

-5.98%

-22.60 pp from 2021

Benchmarks

See 3,002 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,002 peers

Snapshot2022

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Analytics

Total assets (EOY)

Plan-year ending balance

$67.65M

Not enough data

1 years with asset history on file

Average account balance

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

$232K

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.

292

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.

100.0%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.77M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$23K

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

+61.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$140

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 5 by compensation

Provider	Service type	Compensation
REDW LLC4 years Service code 16 · EIN 85-0203431 7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109	Consulting	$29,126
ALLIANCE BENEFIT GROUP5 years Filed as: ALLIANCE BENEFIT GROUP SOUTHWEST, L Service code 15 · EIN 38-3944313 7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109	Recordkeeping	$26,335
BOKF, NA1 year Service code 21 PO BOX 880 · TULSA, OK 74101	Bank Trustee	$16,156
DELAWARE INVESTMENTS1 year Filed as: DELAWARE CHARTER GUARANTEE & TRUST Service code 19 · EIN 51-0099493 1013 CENTRE RD · WILMINGTON, DE 198051265	Securities Custodian	$3,750
AMERICAN FUNDS4 years Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI Service code 64 6455 IRVINE CENTER DRIVE · IRVINE, CA 92618	Recordkeeping Fees	$706

Plan features & details

Pension benefit codes2E2H2J2K2P2Q2S2T3H3I

Plan features

2E
Profit-sharing
Profit-sharing plan.
2H
Partial participant-directed account plan
Participants have the opportunity to direct the investment of a portion 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.
2P
Leveraged ESOP
Employee stock ownership plan that acquires employer securities with borrowed money or other debt-financing techniques.
2Q
ESOP maintained by an S corporation
The employer maintaining this ESOP is an S corporation.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).
3I
Employer securities investment required
Plan requiring that all or part of employer contributions be invested and held at least for a limited period in employer securities.

Opportunity flags

1 tripped

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

Expense breakdown

Schedule H Part II

Admin total

$76K

$610 / participant

Investment mgmt$30K39.6%
Other / not subdivided$46K60.4%

% of EOY assets

0.253%

all-in expense ratio

Categories reported

1 / 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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$121,955

$64,119+90.2%

$112,228+8.7%

$66,914+82.3%

Participation rate

100.0%

68.5%+31.5pp

75.1%+24.9pp

69.8%+30.2pp

Annual return

-5.98%

-13.81%+7.8pp

27.45%-33.4pp

1.58%-7.6pp

Employer contribution / active EE

$8,080

$3,005+168.8%

$3,635+122.3%

$2,544+217.6%

Participant deferral / active EE

$6,513

$3,693+76.4%

$4,728+37.7%

$4,237+53.7%

Admin fee / account holder

$309

$625-50.6%

$6,410-95.2%

$593-48.0%

Provider

Service type

Compensation

REDW LLC4 years

Service code 16 · EIN 85-0203431

7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109

Consulting

$29,126

ALLIANCE BENEFIT GROUP5 years

Filed as: ALLIANCE BENEFIT GROUP SOUTHWEST, L

Service code 15 · EIN 38-3944313

7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109

Recordkeeping

$26,335

BOKF, NA1 year

Service code 21

PO BOX 880 · TULSA, OK 74101

Bank Trustee

$16,156

DELAWARE INVESTMENTS1 year

Filed as: DELAWARE CHARTER GUARANTEE & TRUST

Service code 19 · EIN 51-0099493

1013 CENTRE RD · WILMINGTON, DE 198051265

Securities Custodian

$3,750

AMERICAN FUNDS4 years

Filed as: CAPITAL GROUP RETIREMENT PLAN SERVI

Service code 64

6455 IRVINE CENTER DRIVE · IRVINE, CA 92618

Recordkeeping Fees

$706

EMPLOYEE STOCK OWNERSHIP 401(K) PLAN AND TRUST FOR EMPLOYEES OF JAYNES CORPORATION (KSOP)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

EMPLOYEE STOCK OWNERSHIP 401(K) PLAN AND TRUST FOR EMPLOYEES OF JAYNES CORPORATION (KSOP)

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