Jm Test Systems, Inc. 401(k) Plan: Login, Facts & Contact Information

Jm Test Systems, Inc. 401(k) Plan Facts

Plan name
JM TEST SYSTEMS, INC. 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
JM TEST SYSTEMS, INC.
Participants
529 (543 active employees)
Former employees with a balance
68
Plan assets
$14,081,608 at Dec 31, 2022
Average account balance
$25,418 across 554 accounts
Employer contributions
$267,879 in plan year 2022 (14% of all contributions)
Recordkeeper
Fidelity Investments Institutional
Plan year
Jan 1, 2022 – Dec 31, 2022
Plan established
Jul 1, 1996
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2022 (Jan 1, 2022 – Dec 31, 2022), filed Oct 13, 2023. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2022

  • $1.96 million went into the plan in contributions, $267,879 of it from the employer (14%).
  • $1.53 million was paid out to participants.
  • Administrative expenses were $75,418, about $136 per account.

How the Jm Test Systems, Inc. 401(k) changed, 2017–2022

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2017347$8.21 million$144,893$765,827
2018355$8.44 million$166,296$570,935
2019410$11.5 million$246,856$785,834
2020466$14.4 million$249,944$794,656
2021464$16.6 million$227,796$1.57 million
2022529$14.1 million$267,879$1.53 million

Jm Test Systems, Inc. 401(k) Contact Information

Phone
225-925-2029
Mailing address
7323 TOM DRIVE, BATON ROUGE LA 70806
Plan sponsor
JM TEST SYSTEMS, INC.
Employer identification number (EIN)
72-1010661
Plan number
001

Questions about the Jm Test Systems, Inc. 401(k)

Does Jm Test Systems, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2022 the employer contributed $267,879, 14% of all contributions.

Does the Jm Test Systems, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Jm Test Systems, Inc 401(k) plan?

529 participants at the start of plan year 2022, 543 of them active employees, and 68 former employees who still had money in the plan.

What is the average 401(k) balance at Jm Test Systems, Inc?

About $25,418 per account: $14.1 million in plan assets across 554 accounts with a balance at the end of plan year 2022.

Who manages the Jm Test Systems, Inc 401(k) accounts?

Fidelity NetBenefits (listed on the filing as FIDELITY INVESTMENTS INSTITUTIONAL) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Jm Test Systems, Inc. How do I access my 401(k)?

Your account stays with Fidelity NetBenefits after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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