Retirement plan

JACOBS 401(K) PLUS SAVINGS PLAN

Name: JACOBS ENGINEERING GROUP INC. - JACOBS 401(K) PLUS SAVINGS PLAN (2023) Form 5500
Creator: JACOBS ENGINEERING GROUP INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JACOBS 401(K) PLUS SAVINGS PLAN, JACOBS ENGINEERING GROUP INC.

JACOBS ENGINEERING GROUP INC.EIN 95-4081636Plan #002PY 2023

1999 BRYAN STREET, STE 1200 - DALLAS, TX 75201626-578-3500LinkedIn1-10 employeescivic & social organization

Other plans on this EIN

2 filings

#004Retirement-$200.3M assets #005Retirement-$4.2M assets

Prospect flagsLow returnsFailed to transmit contributionsCorrective distributions

Top hat statement on fileNQDC

Filed September 25, 2024 (most recent of 5 filings on file)

Plan administrator

Plan administrator name— Sign in and upgrade to view

1999 Bryan Street, Suite 1200

Dallas, TX 20006

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Plans declared (2)

Jacobs Field Services Deferred Compensation Plan395 emp
Jacobs Technology Inc. Deferred Compensation Plan487 emp

Total covered: 882 employees

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Total assets (EOY)

$5827.4M

+13.8% from 2022

Total participants

29,527

-0.1% from 2022

Average account balance

$201,412

+13.4% from 2022

Annual return

16.59%

+30.76 pp from 2022

Benchmarks

See 103 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants>=10,000

Cohort103 peers

Snapshot2023

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

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Analytics

Total assets (EOY)

Plan-year ending balance

$6.38B

Not enough data

1 years with asset history on file

Average account balance

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

$222K

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.

28,758

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.

95.7%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$296.58M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$18K

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

+13.79%

Not enough data

1 years with return on file

Admin fee / account holder

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

$61

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 7 by compensation

Provider	Service type	Compensation
THE VANGUARD GROUP, INC.9+ years Service code 15 · EIN 23-1945930	Recordkeeping	$1,174,923
THE VANGUARD GROUP, INC.3 years Filed as: VANGUARD ADVISERS INC. Service code 26 · EIN 23-2811930	Advisory (Participants)	$471,180
IVINS, PHILLIPS & BARKER1 year Filed as: IVINS PHILLIPS & BARKER Service code 29 · EIN 52-1229560	Legal	$133,898
ERNST & YOUNG LLP5 years Filed as: ERNST & YOUNG US LLP Service code 10 · EIN 34-6565596	Accounting	$71,000
WILLIS TOWERS WATSON US LLC3 years Service code 16 · EIN 53-0181291	Consulting	$59,908
ANGELES INVESTMENT ADVISORS, LLC7 years Service code 27 · EIN 95-4839031	Advisory (Plan)	$57,739
STATE STREET GLOBAL ADVISORS5 years Service code 51 · EIN 81-4017137	Investment Mgmt Fees	$47,669

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H3J

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.
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.
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)).
3J
U.S.-based Puerto Rico dual-qualified plan
U.S.-based plan that covers residents of Puerto Rico and is qualified under both Code section 401 and section 1165 of the Internal Revenue Code of Puerto Rico.

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

$2.0M

$124 / participant

Other / not subdivided$2M100.0%

% of EOY assets

0.034%

all-in expense ratio

Categories reported

0 / 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: ERNST & YOUNG, LLP
Auditor EIN: 346565596
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$201,412

$106,994+88.2%

$135,903+48.2%

$96,393+108.9%

Participation rate

96.3%

72.5%+23.7pp

81.9%+14.4pp

71.3%+25.0pp

Annual return

16.59%

26.64%-10.1pp

68.23%-51.6pp

22.88%-6.3pp

Employer contribution / active EE

$5,088

$3,391+50.1%

$4,856+4.8%

$3,238+57.1%

Participant deferral / active EE

$12,729

$7,968+59.8%

$7,758+64.1%

$5,455+133.4%

Admin fee / account holder

$68

$79-13.7%

$10,762-99.4%

$74-7.6%

Provider

Service type

Compensation

THE VANGUARD GROUP, INC.9+ years

Service code 15 · EIN 23-1945930

Recordkeeping

$1,174,923

THE VANGUARD GROUP, INC.3 years

Filed as: VANGUARD ADVISERS INC.

Service code 26 · EIN 23-2811930

Advisory (Participants)

$471,180

IVINS, PHILLIPS & BARKER1 year

Filed as: IVINS PHILLIPS & BARKER

Service code 29 · EIN 52-1229560

Legal

$133,898

ERNST & YOUNG LLP5 years

Filed as: ERNST & YOUNG US LLP

Service code 10 · EIN 34-6565596

Accounting

$71,000

WILLIS TOWERS WATSON US LLC3 years

Service code 16 · EIN 53-0181291

Consulting

$59,908

ANGELES INVESTMENT ADVISORS, LLC7 years

Service code 27 · EIN 95-4839031

Advisory (Plan)

$57,739

STATE STREET GLOBAL ADVISORS5 years

Service code 51 · EIN 81-4017137

Investment Mgmt Fees

$47,669

JACOBS 401(K) PLUS SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JACOBS 401(K) PLUS SAVINGS PLAN

Top hat statement on fileNQDC

Plan administrator

Plans declared (2)

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