Janus Capital Group Inc. 401(k) Review & Grade
Janus 401(k) and Employee Stock Ownership Plan
Denver, COFinance & Insurance1,009 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,872Employer $ per active participant
$16,227Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$544.8MNet plan assets, end of year
$317,835Average balance per account
Score breakdown
- Employer generosity45.5 / 5091th percentile for employer $ per participant
- Low cost21.5 / 2586th percentile for low admin cost vs. same-size plans
- Employee saving13.9 / 1593th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score88 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 500–2,499 active participants (754 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 91th |
| Lower admin cost | 86th |
| Employee saving | 93th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $14,390 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Janus Capital Group put in about $9,872 per active participant, more than the typical peer ($3,606). 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 | $9,960,631 |
| Participant (employee) contributions | $16,372,911 |
| Other contributions (incl. rollovers in) | $3,080,499 |
| Administrative expenses paid from the plan | $272,318 |
| Contract administrator fees | $1,800 |
| Investment advisory & management fees | $83,288 |
| Other admin expenses | $14,573 |
| Benefits paid out | $36,015,314 |
| Net assets, start / end of year | $469.0M / $544.8M |
| Active participants, start / end of year | 985 / 1,033 |
| Participants with account balances | 1,714 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Pricewaterhousecoopers LLP |
| Employer stock held by plan | $19,740,148 |
Largest service providers (Schedule C)
| Pricewaterhousecoopers LLP | $85,160 reported compensation |
| Strategic Advisors, Inc. | $83,288 reported compensation |
| Hogan Lovells | $53,609 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250917145716NAL0000658547001, received 2025-09-17, EIN 43-1804048, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.