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) (2023) 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 2023

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

Prospect flagsLow returnsHigh fees

How to read this page

Total assets (EOY)

$32.6M

+9.2% from 2022

Total participants

234

-4.5% from 2022

Average account balance

$143,155

+17.4% from 2022

Annual return

10.44%

+16.42 pp from 2022

Benchmarks

See 3,254 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort3,254 peers

Snapshot2023

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

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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

See the 10-year trajectory. $4.99 for your first month.

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Service providers

Top 4 by compensation

Provider	Service type	Compensation
BOKF, NA2 years Service code 19 PO BOX 880 · TULSA, OK 74101	Securities Custodian	$49,108
REDW LLC5 years Service code 16 · EIN 85-0203431 7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109	Consulting	$29,093
CLIFTONLARSONALLEN LLP1 year Service code 10 PO BOX 31001-2443 · PASEDENA, CA 911102443	Accounting	$15,830
SENTINEL PENSION ADVISORS1 year Filed as: SENTINEL BENEFITS GROUP, LLC Service code 15 · EIN 38-3944313 100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880	Recordkeeping	$15,118

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

2 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$109K

$715 / participant

Recordkeeping$43K39.3%
Trustee / custodial$7K6.7%
Investment mgmt$10K9.6%
Valuation$29K26.8%
Other / not subdivided$19K17.7%

% of EOY assets

0.333%

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: CLIFTONLARSONALLEN LLP
Auditor EIN: 410746749
Audit fees: $15,830
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$143,155

$76,670+86.7%

$96,683+48.1%

$71,457+100.3%

Participation rate

96.1%

66.6%+29.5pp

74.3%+21.7pp

67.9%+28.1pp

Annual return

10.44%

48.29%-37.8pp

35.69%-25.3pp

28.85%-18.4pp

Employer contribution / active EE

$10,487

$3,031+245.9%

$3,737+180.6%

$2,588+305.3%

Participant deferral / active EE

$5,656

$3,771+50.0%

$4,878+15.9%

$4,289+31.9%

Admin fee / account holder

$477

$2,028-76.5%

$6,730-92.9%

$1,587-70.0%

Provider

Service type

Compensation

BOKF, NA2 years

Service code 19

PO BOX 880 · TULSA, OK 74101

Securities Custodian

$49,108

REDW LLC5 years

Service code 16 · EIN 85-0203431

7425 JEFFERSON ST NE · ALBUQUERQUE, NM 87109

Consulting

$29,093

CLIFTONLARSONALLEN LLP1 year

Service code 10

PO BOX 31001-2443 · PASEDENA, CA 911102443

Accounting

$15,830

SENTINEL PENSION ADVISORS1 year

Filed as: SENTINEL BENEFITS GROUP, LLC

Service code 15 · EIN 38-3944313

100 QUANNAPOWITT PARKWAY, SUITE 300 · WAKEFIELD, MA 01880

Recordkeeping

$15,118

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