Jill Acquisition LLC 401(k) Review & Grade
J.jill 401(k) Plan
Quincy, MARetail Trade1,390 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$1,473Employer $ per active participant
$4,283Employee $ saved per active participant
0.22%Direct admin cost, % of plan assets
$82.9MNet plan assets, end of year
$58,835Average balance per account
Score breakdown
- Employer generosity37.3 / 5075th percentile for employer $ per participant
- Low cost12.8 / 2551th percentile for low admin cost vs. same-size plans
- Employee saving10.5 / 1570th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score71 / 100 · Grade B
This plan vs. peers
Peers: Retail Trade plans with 500–2,499 active participants (719 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 75th |
| Lower admin cost | 51th |
| Employee saving | 70th |
| 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
- Jill Acquisition put in about $1,473 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.
- 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 | $2,047,351 |
| Participant (employee) contributions | $5,953,002 |
| Other contributions (incl. rollovers in) | $428,413 |
| Administrative expenses paid from the plan | $169,680 |
| Investment advisory & management fees | $41,470 |
| Benefits paid out | $6,476,491 |
| Net assets, start / end of year | $71.4M / $82.9M |
| Active participants, start / end of year | 948 / 1,832 |
| Participants with account balances | 1,409 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Cbiz Cpas P.C. |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $53,525 reported compensation |
| Global Retirement Partners LLC | $38,026 reported compensation |
| Cbiz Operations Inc DBA Cbiz MHM LL | $15,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251001144500NAL0014425344001, received 2025-10-01, EIN 27-0324650, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.