Retirement plan

JUST ENERGY 401(K) PLAN

Name: JUST ENERGY (U.S.) CORP. - JUST ENERGY 401(K) PLAN (2023) Form 5500
Creator: JUST ENERGY (U.S.) CORP.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, JUST ENERGY 401(K) PLAN, JUST ENERGY (U.S.) CORP.

JUST ENERGY (U.S.) CORP.EIN 98-0404753Plan #001PY 2023

5251 WESTHEIMER ROAD, SUITE 1000 - HOUSTON, TX 77056866-272-9488justenergy.comLinkedIn1001-5000 employeesutilities

Prospect flagsLow participationCorrective distributions

How to read this page

Total assets (EOY)

$26.1M

+26.5% from 2022

Total participants

594

-3.6% from 2022

Average account balance

$60,684

+20.6% from 2022

Annual return

22.26%

+39.47 pp from 2022

Benchmarks

See 137 peers

Peer group

Industry22 - Utilities

Plan typeDefined contribution

Participants250-999

Cohort137 peers

Snapshot2023

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

Analytics

Total assets (EOY)

Plan-year ending balance

$28.62M

Not enough data

1 years with asset history on file

Average account balance

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

$70K

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.

406

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.

62.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.42M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$8K

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

+14.36%

Not enough data

1 years with return on file

Admin fee / account holder

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

$172

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 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL6 years Service code 37 · EIN 04-2647786	Loan Processing	$58,875
SMITH & HOWARD, PC4 years Filed as: SMITH & HOWARD Service code 10 · EIN 58-1250486	Accounting	$20,000
STRATEGIC ADVISORS, INC.2 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$6,839

Plan features & details

Pension benefit codes3H2E2F2G2J2K2T3D

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.
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.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$86K

$189 / participant

Recordkeeping$59K68.3%
Investment mgmt$7K8.0%
Contract admin$3000.4%
Other / not subdivided$20K23.3%

% of EOY assets

0.328%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: SMITH & HOWARD PC
Auditor EIN: 581250486
Audit fees: $20,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$60,684

$331,159-81.7%

$112,899-46.2%

$74,460-18.5%

Participation rate

63.9%

81.4%-17.5pp

80.5%-16.6pp

70.7%-6.9pp

Annual return

22.26%

21.62%+0.6pp

34.11%-11.9pp

34.38%-12.1pp

Employer contribution / active EE

$2,350

$5,469-57.0%

$4,566-48.5%

$2,638-10.9%

Participant deferral / active EE

$5,377

$8,097-33.6%

$6,516-17.5%

$4,530+18.7%

Admin fee / account holder

$199

$281-29.1%

$7,047-97.2%

$348-42.7%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL6 years

Service code 37 · EIN 04-2647786

Loan Processing

$58,875

SMITH & HOWARD, PC4 years

Filed as: SMITH & HOWARD

Service code 10 · EIN 58-1250486

Accounting

$20,000

STRATEGIC ADVISORS, INC.2 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$6,839

JUST ENERGY 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

JUST ENERGY 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