Jackson National Life Insurance Company 401(k) Review & Grade
Jackson National Life Insurance Company Defined Contribution Plan
Lansing, MIFinance & Insurance3,907 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,477Employer $ per active participant
$8,353Employee $ saved per active participant
0.00%Direct admin cost, % of plan assets
$1.4BNet plan assets, end of year
$309,628Average balance per account
Score breakdown
- Employer generosity43.4 / 5087th percentile for employer $ per participant
- Low cost24.8 / 2599th percentile for low admin cost vs. same-size plans
- Employee saving7.3 / 1549th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score76 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 87th |
| Lower admin cost | 99th |
| Employee saving | 49th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $594 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jackson National Life Insurance put in about $9,477 per active participant, more than the typical peer ($4,489). 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.
- 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 | $37,026,672 |
| Participant (employee) contributions | $32,636,691 |
| Other contributions (incl. rollovers in) | $4,225,842 |
| Administrative expenses paid from the plan | $38,824 |
| Contract administrator fees | $1,800 |
| Other admin expenses | $3,693 |
| Benefits paid out | $95,913,648 |
| Net assets, start / end of year | $1.3B / $1.4B |
| Active participants, start / end of year | 3,834 / 3,980 |
| Participants with account balances | 4,596 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | KPMG |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $35,131 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250916113724NAL0001158195001, received 2025-09-16, EIN 38-1659835, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.