Janitronics, Inc. 401(k) Review & Grade
Janitronics the Maids 401(k) Plan
Albany, NYAdministrative, Support & Staffing Services1,014 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$174Employer $ per active participant
$859Employee $ saved per active participant
0.51%Direct admin cost, % of plan assets
$9.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity13.3 / 5026th percentile for employer $ per participant
- Low cost5.5 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving4.4 / 1529th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score13 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 26th |
| Lower admin cost | 22th |
| Employee saving | 29th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($262,728 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $5,340 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Janitronics put in about $174 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Direct plan expenses (0.51% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $176,159 |
| Participant (employee) contributions | $870,596 |
| Other contributions (incl. rollovers in) | $14,006 |
| Administrative expenses paid from the plan | $44,904 |
| Investment advisory & management fees | $8,372 |
| Other admin expenses | $19,269 |
| Benefits paid out | $857,955 |
| Net assets, start / end of year | $8.2M / $9.2M |
| Active participants, start / end of year | 1,118 / 910 |
| Participants with account balances | 319 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Uhy LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $36,532 reported compensation |
| LPL Financial, LLC | $6,934 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015120503NAL0006017584001, received 2025-10-15, EIN 14-1543468, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.