Jones Bros. Contractors, LLC 401(k) Review & Grade
Jones Bros 401(k) Plan
MT Juliet, TNConstruction602 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,953Employer $ per active participant
$2,733Employee $ saved per active participant
0.92%Direct admin cost, % of plan assets
$17.7MNet plan assets, end of year
$28,689Average balance per account
Score breakdown
- Employer generosity29.1 / 5058th percentile for employer $ per participant
- Low cost1.9 / 258th percentile for low admin cost vs. same-size plans
- Employee saving4.9 / 1533th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score39 / 100 · Grade D
This plan vs. peers
Peers: Construction plans with 500–2,499 active participants (498 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 58th |
| Lower admin cost | 8th |
| Employee saving | 33th |
| Peers that auto-enroll | 44% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
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
- Jones Bros. Contractors put in about $1,953 per active participant, more than the typical peer ($1,672). 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.
- Direct plan expenses (0.92% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $1,176,917 |
| Participant (employee) contributions | $1,646,615 |
| Other contributions (incl. rollovers in) | $115,278 |
| Administrative expenses paid from the plan | $141,090 |
| Contract administrator fees | $141,090 |
| Benefits paid out | $1,046,951 |
| Net assets, start / end of year | $13.1M / $17.7M |
| Active participants, start / end of year | 537 / 668 |
| Participants with account balances | 616 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Crowe LLP |
Largest service providers (Schedule C)
| Efinancial Alliance, LLC | $72,628 reported compensation |
| Transamerica Retirement Solutions | $70,691 reported compensation |
| Futureplan by Ascensus | $13,533 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015142851NAL0002451987001, received 2025-10-15, EIN 62-1624149, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.