Edward Jones 401(k) match, vesting and fees
What Edward Jones' 401(k) plan says about matching contributions
A participant in the 401(k) portion of the Plan becomes eligible to participate in the matching contribution portion of the Plan as of the January 1 st following the date the participant commences services. An eligible participant must be compensated for at least 1,000 hours during the applicable Plan Year and be employed by the Partnership on December 31st of the applicable Plan Year to be eligible for a Partnership matching contribution, up to $500 per participant. Matching contributions may be made on a discretionary basis to the Plan for non-highly compensated eligible associates up to $500 per eligible participant each Plan Year.
Quoted directly from the filing. Plan terms may have changed; check your current Summary Plan Description.
Plan features
Indented passages are quoted word for word from the audit report; plan terms may have changed since, so check your current Summary Plan Description.
| Employer match | Quoted from the filing above | Audit report, p. 31 ↗ |
| Match vesting | Participants are 100% vested at all times in both participant contributions and Partnership contributions. | Audit report, p. 32 ↗ |
| Automatic enrollment | The Plan includes an auto-enrollment provision whereby all newly eligible employees are automatically enrolled in the Plan unless they affirmatively elect otherwise. Automatically enrolled participants have their pre-tax deferral rate set at 5% of eligible Plan Compensation, and their contributions are invested in the Plan's qualified default investment alternative until changed by the participant. The deferral rate for participants who are automatically enrolled in the Plan increases by 1% annually until such percentage reaches 10%, unless changed by the participant. | Audit report, p. 32 ↗ |
| Roth contributions | Full-time employees, General Partners, and Service Partners are immediately eligible to participate in the 401(k) portion of the Plan and may make before-tax, Roth, and after-tax contributions. | Audit report, p. 31 ↗ |
| Recordkeeper | Empower Annuity Insurance Company O | Schedule C ↗ |
| Independent auditor | Pricewaterhousecoopers (unmodified opinion) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
All rows are from the plan year 2024 filing; plan features from its audit report.
How the plan compares
Plan year 2024 medians for 19 defined-contribution plans in finance and insurance with 50,000 or more participants.
| Edward Jones: employer contribution per participant | $7,601 | |
| Peer median | $3,368 |
| Edward Jones: average balance | $219,804 | |
| Peer median | $160,346 |
| Edward Jones: admin expenses ÷ assets | 0.01% | |
| Peer median | 0.05% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $10.6B at the end of plan year 2023 to $12.4B at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 58,392 | $12.4B | $428M | $7,601 | 0.01% | Quoted in the audit report, p. 31 ↗ | Form 5500 ↗ |
| 2023 | 54,690 | $10.6B | $369M | $6,752 | 0.02% | Not published | Form 5500 ↗ |
Common questions
Does Edward Jones match 401(k) contributions?
The audit report attached to the Edward D. Jones & Co. Profit Sharing and 401(k) Plan's plan year 2024 Form 5500, page 31 says: “A participant in the 401(k) portion of the Plan becomes eligible to participate in the matching contribution portion of the Plan as of the January 1 st following the date the participant commences services. An eligible participant must be compensated for at least 1,000 hours during the applicable Plan Year and be employed by the Partnership on December 31st of the applicable Plan Year to be eligible for a Partnership matching contribution, up to $500 per participant. Matching contributions may be made on a discretionary basis to the Plan for non-highly compensated eligible associates up to $500 per eligible participant each Plan Year.” Plan terms may have changed; check your current Summary Plan Description.
When is the Edward Jones 401(k) match vested?
The audit report attached to the plan year 2024 Form 5500, page 32 says: “Participants are 100% vested at all times in both participant contributions and Partnership contributions.”
Who manages the Edward Jones 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Empower Annuity Insurance Company O. The plan administrator is Edward D. Jones & Co., L.P..
I left Edward Jones. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Edward D. Jones & Co., L.P., (314) 515-2000) or the recordkeeper, Empower Annuity Insurance Company O. The Edward Jones old 401(k) page lists the contacts from every plan filing. Find an old Edward Jones 401(k)
Data from the public Form 5500 annual reports Edward Jones filed with the U.S. Department of Labor (plan years 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Edward Jones. Not financial advice. Report a correction · Methodology