JDRC Managed Services 401(k) match, vesting and fees
What JDRC Managed Services' 401(k) plan says about matching contributions
The Employer may make discretionary contributions at its discretion, including matching and profit-sharing contributions. Only eligible employees that are participants in the Plan and employed on the last day of the Plan year are eligible for Employer discretionary contributions. Each participant’s share of any such Employer contribution is based on a formula defined by the Plan. The Employer elected to make a matching contribution equal to 50% of the first 6% of participant elective deferral contributions for non-union employees and the lesser of 50% of participant elective deferral contributions or $1,000 for the year ended December 31, 2024 for union employees.
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. 25 ↗ |
| Roth contributions | Participants may elect to make Pre-Tax and Roth contributions of eligible annual compensation, as defined in the Plan, subject to maximum amounts established by the Code. | Audit report, p. 25 ↗ |
| Loans | Participants may borrow from their fund accounts a minimum of $1,000 up to a maximum equal to the lesser of $50,000 minus the highest outstanding balance of loans in the past 12 months or 50% of present value of the vested account balance. Loan terms shall not exceed five years unless used to purchase a primary residence. The loans are secured by the balance in the participant’s account and bear fixed interest at a rate to be fixed by the Plan’s administrator (“Plan Administrator”) at the time of the loan. | Audit report, p. 26 ↗ |
| Recordkeeper | Pcs Retirement | Schedule C ↗ |
| Independent auditor | Fgmk (unmodified opinion, limited scope) | Schedule H ↗ |
| Plan type and status | 401(k) · Active | Form 5500 ↗ |
| Late participant contributions | Reported on the filing | Schedule H ↗ |
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.
| JDRC Managed Services: employer contribution per participant | $1,209 | |
| Peer median | $2,413 |
| JDRC Managed Services: average balance | $18,772 | |
| Peer median | $86,456 |
| JDRC Managed Services: admin expenses ÷ assets | 0.87% | |
| 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 $11.8M at the end of plan year 2021 to $30.8M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 3,674 | $30.8M | $2M | $1,209 | 0.87% | Quoted in the audit report, p. 25 ↗ | Form 5500 ↗ |
| 2023 | 2,860 | $24.6M | $1.9M | $1,338 | 0.63% | Not published | Form 5500 ↗ |
| 2022 | 3,414 | $16.5M | $1.8M | $1,280 | 0.34% | Not published | Form 5500 ↗ |
| 2021 | 2,959 | $11.8M | $538K | $645 | 0.49% | Not published | Form 5500 ↗ |
Common questions
Does JDRC Managed Services match 401(k) contributions?
The audit report attached to the Jdrc Managed Services, LLC 401(k) Plan's plan year 2024 Form 5500, page 25 says: “The Employer may make discretionary contributions at its discretion, including matching and profit-sharing contributions. Only eligible employees that are participants in the Plan and employed on the last day of the Plan year are eligible for Employer discretionary contributions. Each participant’s share of any such Employer contribution is based on a formula defined by the Plan. The Employer elected to make a matching contribution equal to 50% of the first 6% of participant elective deferral contributions for non-union employees and the lesser of 50% of participant elective deferral contributions or $1,000 for the year ended December 31, 2024 for union employees.” Plan terms may have changed; check your current Summary Plan Description.
When is the JDRC Managed Services 401(k) match vested?
The vesting schedule for the Jdrc Managed Services, LLC 401(k) Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the JDRC Managed Services 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Pcs Retirement. The plan administrator is Jdrc Managed Services, LLC.
I left JDRC Managed Services. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Jdrc Managed Services, LLC, (312) 656-2160) or the recordkeeper, Pcs Retirement. The JDRC Managed Services old 401(k) page lists the contacts from every plan filing. Find an old JDRC Managed Services 401(k)
Data from the public Form 5500 annual reports JDRC Managed Services filed with the U.S. Department of Labor (plan years 2021 and 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 JDRC Managed Services. Not financial advice. Report a correction · Methodology