Jerrys Enterprises Inc. 401(k) Review & Grade
Jerry's Enterprises Inc Employee's Profit Sharing 401(k) Plan
Edina, MNRetail Trade555 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,623Employer $ per active participant
$3,552Employee $ saved per active participant
0.12%Direct admin cost, % of plan assets
$49.5MNet plan assets, end of year
$131,361Average balance per account
Score breakdown
- Employer generosity39.0 / 5078th percentile for employer $ per participant
- Low cost17.4 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving8.9 / 1559th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score68 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 78th |
| Lower admin cost | 69th |
| Employee saving | 59th |
| Peers that auto-enroll | 48% |
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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
- Jerrys Enterprises put in about $1,623 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 | $900,709 |
| Participant (employee) contributions | $1,971,534 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $58,882 |
| Contract administrator fees | $12,573 |
| Investment advisory & management fees | $46,309 |
| Benefits paid out | $7,014,258 |
| Net assets, start / end of year | $48.3M / $49.5M |
| Active participants, start / end of year | 570 / 540 |
| Participants with account balances | 377 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Welle Heiser & Co., LTD |
Largest service providers (Schedule C)
| Prime Capital Investment Advis | $46,309 reported compensation |
| Stancorp Financial Group | $44,031 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013143217NAL0001518529001, received 2025-10-13, EIN 41-0834686, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.