Janicki Industries 401(k) match, vesting and fees
What Janicki Industries' 401(k) plan says about matching contributions
During 2024, the Company matched 100% of the participant deferral up to 4% of compensation and 50% of the participant deferral between 4% and 6% of compensation.
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. 40 ↗ |
| Automatic enrollment | The Plan has an automatic enrollment provision (6% salary deferral with 1% increases until reaching a maximum of 10%) whereby employees must elect out of the Plan if they do not wish to participate. | Audit report, p. 39 ↗ |
| Roth contributions | Rollover contributions, elective deferrals, employer discretionary matching, employer discretionary profit sharing, and roth deferrals are allowed by the Plan. | Audit report, p. 39 ↗ |
| Loans | Participants who are active employees may borrow against their vested account balances a minimum of $1,000 up to a maximum equal to the lesser of 50% of their vested account balance or $50,000. The loans, in the form of promissory notes, are secured by the balance in the participant's account, and bear interest at reasonable rates, which are commensurate with local prevailing rates as determined by the Plan Administrator. | Audit report, p. 41 ↗ |
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Independent auditor | Larson Gross Assurance, PLLC (unmodified opinion, limited scope) | 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 1,619 defined-contribution plans in manufacturing with 1,000 to 4,999 participants.
| Janicki Industries: employer contribution per participant | $2,915 | |
| Peer median | $2,413 |
| Janicki Industries: average balance | $46,315 | |
| Peer median | $86,456 |
| Janicki Industries: admin expenses ÷ assets | 0.23% | |
| Peer median | 0.12% |
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 $47.9M at the end of plan year 2022 to $82.2M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 1,831 | $82.2M | $5.2M | $2,915 | 0.23% | Quoted in the audit report, p. 40 ↗ | Form 5500 ↗ |
| 2023 | 1,458 | $61.5M | $2.2M | $1,567 | 0.28% | Not published | Form 5500 ↗ |
| 2022 | 1,173 | $47.9M | $1.6M | $1,456 | 0.26% | Not published | Form 5500 ↗ |
Common questions
Does Janicki Industries match 401(k) contributions?
The audit report attached to the Janicki Retirement Plan's plan year 2024 Form 5500, page 40 says: “During 2024, the Company matched 100% of the participant deferral up to 4% of compensation and 50% of the participant deferral between 4% and 6% of compensation.” Plan terms may have changed; check your current Summary Plan Description.
When is the Janicki Industries 401(k) match vested?
The vesting schedule for the Janicki Retirement Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Janicki Industries 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Janicki Industries, Inc..
I left Janicki Industries. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Janicki Industries, Inc., (888) 856-5143) or the recordkeeper, Principal Life Insurance Company. The Janicki Industries old 401(k) page lists the contacts from every plan filing. Find an old Janicki Industries 401(k)
Data from the public Form 5500 annual reports Janicki Industries filed with the U.S. Department of Labor (plan years 2022 and 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 Janicki Industries. Not financial advice. Report a correction · Methodology