Jerrys Enterprises, Inc. 401(k) Review & Grade
Jerrys Enterprises, Inc. Union Employee's 401(k) Plan
Edina, MNRetail Trade1,362 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,921Employer $ per active participant
$875Employee $ saved per active participant
0.16%Direct admin cost, % of plan assets
$44.9MNet plan assets, end of year
$38,943Average balance per account
Score breakdown
- Employer generosity42.0 / 5084th percentile for employer $ per participant
- Low cost15.5 / 2562th percentile for low admin cost vs. same-size plans
- Employee saving1.9 / 1512th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score62 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 84th |
| Lower admin cost | 62th |
| Employee saving | 12th |
| 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 $1,921 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 | $2,616,871 |
| Participant (employee) contributions | $1,191,532 |
| Other contributions (incl. rollovers in) | $3,239 |
| Administrative expenses paid from the plan | $67,666 |
| Contract administrator fees | $27,730 |
| Investment advisory & management fees | $31,986 |
| Benefits paid out | $4,656,589 |
| Net assets, start / end of year | $41.6M / $44.9M |
| Active participants, start / end of year | 1,330 / 1,394 |
| Participants with account balances | 1,152 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Miller Welle Heiser & Co., LTD |
Largest service providers (Schedule C)
| Stancorp Financial Group | $58,594 reported compensation |
| Prime Capital Investment Advisors | $31,986 reported compensation |
| Miller Welle Heiser | $7,950 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013130504NAL0002968322001, received 2025-10-13, EIN 41-0834686, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.