Jetro Cash & Carry Enterprises, LLC 401(k) Review & Grade
Jetro Cash & Carry Enterprises, LLC Retirement Savings Plan
Whitestone, NYWholesale Trade3,725 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$854Employer $ per active participant
$1,781Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$163.7MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity6.9 / 5014th percentile for employer $ per participant
- Low cost21.1 / 2584th percentile for low admin cost vs. same-size plans
- Employee saving1.6 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Wholesale Trade plans with 2,500–9,999 active participants (103 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 84th |
| Employee saving | 11th |
| Peers that auto-enroll | 62% |
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Red flags from the filing
Corrective distributions: the plan refunded $280,642 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jetro Cash & Carry Enterprises put in about $854 per active participant, below the typical peer ($2,459). Any match is still an instant return, so contribute enough to get all of it.
- 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 | $3,182,026 |
| Participant (employee) contributions | $6,632,660 |
| Other contributions (incl. rollovers in) | $64,648 |
| Administrative expenses paid from the plan | $61,187 |
| Other admin expenses | $40,378 |
| Benefits paid out | $10,264,187 |
| Net assets, start / end of year | $147.3M / $163.7M |
| Active participants, start / end of year | 3,779 / 3,671 |
| Participants with account balances | 1,861 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Nussbaum Yates Berg Klein & Wolpow |
Largest service providers (Schedule C)
| Macias Gini and Oconnell LLP | $16,800 reported compensation |
| Jpmorgan Invest Holdings LLC | $4,009 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015164930NAL0002660483001, received 2025-10-15, EIN 13-2847390, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.