Jbgs Employee Company LLC 401(k) Review & Grade
JBG Smith 401(k) Plan
Bethesda, MDReal Estate & Rental599 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,321Employer $ per active participant
$9,195Employee $ saved per active participant
0.11%Direct admin cost, % of plan assets
$132.3MNet plan assets, end of year
$147,506Average balance per account
Score breakdown
- Employer generosity42.4 / 5085th percentile for employer $ per participant
- Low cost17.7 / 2571th percentile for low admin cost vs. same-size plans
- Employee saving13.8 / 1592th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score84 / 100 · Grade A
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 71th |
| Employee saving | 92th |
| Peers that auto-enroll | 47% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Jbgs Employee Company put in about $3,321 per active participant, more than the typical peer ($1,279). 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 | $1,989,491 |
| Participant (employee) contributions | $5,507,830 |
| Other contributions (incl. rollovers in) | $585,906 |
| Administrative expenses paid from the plan | $144,185 |
| Contract administrator fees | $20,232 |
| Investment advisory & management fees | $30,000 |
| Other admin expenses | $6,135 |
| Benefits paid out | $11,459,622 |
| Net assets, start / end of year | $119.2M / $132.3M |
| Active participants, start / end of year | 671 / 527 |
| Participants with account balances | 897 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | TKR |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $92,050 reported compensation |
| Kestra Advisory Services LLC | $30,000 reported compensation |
| Toole Katz & Roemersma LLP | $16,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014110628NAL0005550322001, received 2025-10-14, EIN 36-4861256, plan #003, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.