Jack Henry & Associates Inc 401(k) Review & Grade
Jack Henry & Associates, Inc 401k Retirement Savings Plan
Allen, TXProfessional, Scientific & Technical Services6,981 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$4,761Employer $ per active participant
$9,018Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$161,893Average balance per account
Score breakdown
- Employer generosity38.0 / 5076th percentile for employer $ per participant
- Low cost20.9 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving7.4 / 1549th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score73 / 100 · Grade B
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 2,500–9,999 active participants (231 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 76th |
| Lower admin cost | 84th |
| Employee saving | 49th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,409 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jack Henry & Associates put in about $4,761 per active participant, more than the typical peer ($2,951). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $33,235,724 |
| Participant (employee) contributions | $62,952,734 |
| Other contributions (incl. rollovers in) | $9,064,992 |
| Administrative expenses paid from the plan | $513,190 |
| Contract administrator fees | $88,764 |
| Investment advisory & management fees | $57,082 |
| Other admin expenses | $73,588 |
| Benefits paid out | $118,551,732 |
| Net assets, start / end of year | $1.2B / $1.4B |
| Active participants, start / end of year | 6,719 / 7,243 |
| Participants with account balances | 8,380 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Whitley Penn LLP |
| Employer stock held by plan | $130,048,740 |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $382,520 reported compensation |
| Commonwealth Equity Services LLC DB | $74,039 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250716094555NAL0006600130001, received 2025-07-16, EIN 43-1128385, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.