Jump Operations, LLC 401(k) Review & Grade
Jump Operations, LLC Employee 401(k) Plan
Chicago, ILOther Services1,008 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$9,975Employer $ per active participant
$33,555Employee $ saved per active participant
0.04%Direct admin cost, % of plan assets
$405.1MNet plan assets, end of year
$307,862Average balance per account
Score breakdown
- Employer generosity48.8 / 5098th percentile for employer $ per participant
- Low cost22.7 / 2591th percentile for low admin cost vs. same-size plans
- Employee saving15.0 / 15100th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score94 / 100 · Grade A
This plan vs. peers
Peers: Other Services plans with 500–2,499 active participants (333 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 98th |
| Lower admin cost | 91th |
| Employee saving | 100th |
| Peers that auto-enroll | 40% |
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Red flags from the filing
Corrective distributions: the plan refunded $6,169 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Jump Operations put in about $9,975 per active participant, more than the typical peer ($1,257). 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 | $10,054,740 |
| Participant (employee) contributions | $33,823,903 |
| Other contributions (incl. rollovers in) | $1,701,358 |
| Administrative expenses paid from the plan | $138,980 |
| Other admin expenses | $138,980 |
| Benefits paid out | $15,368,717 |
| Net assets, start / end of year | $322.7M / $405.1M |
| Active participants, start / end of year | 1,010 / 1,006 |
| Participants with account balances | 1,316 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Plante & Moran, PLLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $99,880 reported compensation |
| Capital Strategies Inv Group LLC | $40,000 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250728171423NAL0005438338001, received 2025-07-28, EIN 20-5658928, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.