Jennings Road Management Corp. 401(k) Review & Grade
The Herb Chambers Companies Section 401(k) Plan
Glastonbury, CTRetail Trade2,208 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$944Employer $ per active participant
$4,008Employee $ saved per active participant
0.20%Direct admin cost, % of plan assets
$149.5MNet plan assets, end of year
$124,990Average balance per account
Score breakdown
- Employer generosity29.4 / 5059th percentile for employer $ per participant
- Low cost13.6 / 2555th percentile for low admin cost vs. same-size plans
- Employee saving9.8 / 1565th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score53 / 100 · Grade C
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 59th |
| Lower admin cost | 55th |
| Employee saving | 65th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $12,371 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jennings Road Management put in about $944 per active participant, more than the typical peer ($743). 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 | $2,085,138 |
| Participant (employee) contributions | $8,850,668 |
| Other contributions (incl. rollovers in) | $367,025 |
| Administrative expenses paid from the plan | $282,421 |
| Contract administrator fees | $2,909 |
| Investment advisory & management fees | $55,000 |
| Other admin expenses | $200,000 |
| Benefits paid out | $12,813,502 |
| Net assets, start / end of year | $134.8M / $149.5M |
| Active participants, start / end of year | 2,153 / 2,264 |
| Participants with account balances | 1,196 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $224,512 reported compensation |
| Mma Securities LLC | $55,000 reported compensation |
| Pension Consultants Inc | $45,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014125140NAL0002810625001, received 2025-10-14, EIN 06-1169004, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.