Jamf Software, LLC 401(k) Review & Grade
Jamf Software, LLC 401k Profit Sharing Plan
Minneapolis, MNInformation1,624 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$3,815Employer $ per active participant
$9,909Employee $ saved per active participant
0.24%Direct admin cost, % of plan assets
$165.8MNet plan assets, end of year
$77,593Average balance per account
Score breakdown
- Employer generosity33.5 / 5067th percentile for employer $ per participant
- Low cost12.1 / 2549th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
- Red-flag deductions-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Information plans with 500–2,499 active participants (310 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 67th |
| Lower admin cost | 49th |
| Employee saving | 56th |
| Peers that auto-enroll | 59% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($714 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $19,961 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jamf Software put in about $3,815 per active participant, more than the typical peer ($2,829). 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 reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $6,195,081 |
| Participant (employee) contributions | $16,091,971 |
| Other contributions (incl. rollovers in) | $1,593,923 |
| Administrative expenses paid from the plan | $355,027 |
| Contract administrator fees | $355,027 |
| Benefits paid out | $10,057,596 |
| Net assets, start / end of year | $129.6M / $165.8M |
| Active participants, start / end of year | 1,697 / 1,551 |
| Participants with account balances | 2,137 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | RSM US LLP |
Largest service providers (Schedule C)
| Voya Retirement Insurance & Annuity | $314,340 reported compensation |
| RSM US LLP | $40,688 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251002083102NAL0000735442001, received 2025-10-02, EIN 56-2286814, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.