The ST. Joe Company 401(k) Review & Grade
The ST. Joe Company Retirement Plan
Panama City Beach, FLReal Estate & Rental952 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$997Employer $ per active participant
$1,886Employee $ saved per active participant
0.14%Direct admin cost, % of plan assets
$28.1MNet plan assets, end of year
$58,768Average balance per account
Score breakdown
- Employer generosity20.2 / 5040th percentile for employer $ per participant
- Low cost16.3 / 2565th percentile for low admin cost vs. same-size plans
- Employee saving3.6 / 1524th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score33 / 100 · Grade D
This plan vs. peers
Peers: Real Estate & Rental plans with 500–2,499 active participants (291 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 40th |
| Lower admin cost | 65th |
| Employee saving | 24th |
| Peers that auto-enroll | 47% |
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
Late deposits: the filing says some employee contributions were not sent to the plan on time ($235,503 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- ST. Joe put in about $997 per active participant, below the typical peer ($1,279). 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $949,362 |
| Participant (employee) contributions | $1,795,988 |
| Other contributions (incl. rollovers in) | $246,197 |
| Administrative expenses paid from the plan | $36,192 |
| Contract administrator fees | $36,081 |
| Other admin expenses | $111 |
| Benefits paid out | $1,739,090 |
| Net assets, start / end of year | $23.6M / $28.1M |
| Active participants, start / end of year | 903 / 1,002 |
| Participants with account balances | 479 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Rehmann Robson, LLC |
Largest service providers (Schedule C)
| The Vanguard Group, Inc. | $36,081 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929144246NAL0011434545001, received 2025-09-29, EIN 59-0432511, plan #080, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.