Jefferies Financial Group Inc. 401(k): Fidelity, match 3.75% max
Jefferies Employees’ Profit Sharing Plan · JEF · CIK 96223
Fidelity Investments is the recordkeeper named on the Form 5500 filed for this plan, the company that keeps the account records. Where to log in, and what the filing says.
Maximum employer match, as a share of pay
3.75%
Jefferies Financial Group Inc. matches 25% of the first 15% of pay.
From the Form 11-K filed May 22, 2026 ↗, covering the plan year ended November 30, 2025. Page data last updated July 28, 2026, when the Form 5500 bulk data was last refreshed. Why filings lag
On this page: what the employer actually paid in · the formula, word for word · when the money becomes yours · who can join · who holds your account · what the plan reports to the DOL · how it compares · what to do next
What Jefferies Financial puts in, and what the plan costs
What Jefferies Financial put into the plan, per active participant
$4,117
Jefferies Financial Group Inc. put $4,117 into this plan for each of its 3,427 active participants in plan year 2024. This is the whole employer side of the plan: matching money, profit sharing, non-elective and safe-harbor contributions, and reallocated forfeitures. The Form 5500 does not separate them, so this is what the employer put in and not the match.
Jefferies Financial put in less per active participant than 61% of plans with 5,000+ participants in investment management and securities. The middle plan in that group of 45 reported $6,786. Investment management and securities comes from business code 523120, which Jefferies Financial entered on its own Form 5500. Sponsors pick that code themselves, so a code that does not describe what the employer does ranks the plan against the wrong companies.
What this figure cannot separate: how much Jefferies Financial pays, and how much it puts in
This is dollars, not a rate. A Form 5500 carries no payroll, so the figure reflects both how much the employer puts in and how much the employer pays: two plans running the same formula report different amounts when one pays better. Crossing the peer group with industry holds most of that difference still, and none of it disappears.
This is one plan year, not an average. A true-up, a plan merger or a one-off contribution moves a single year on its own.
Source: DOL Form 5500 for the plan year ended November 30, 2025, EIN 132615557, plan 005 · DOL EFAST2 ↗
The $4,117 above is the Form 5500 figure for plan year 2024, and it counts every employer dollar on one line. Jefferies Financial Group Inc. also files a Form 11-K, which states the match formula for plan year 2025: the card below reads $1,856 a year at a $49,500 salary, and the same filing states employer contributions made outside the match. That second figure is what the formula pays one worker on that salary, and not an amount either filing reports. The two figures cover different plan years and measure different things, so neither one is the other one corrected.
What Jefferies Financial puts in
$1,856
a year, at a $49,500 salary.
The match paragraph, word for word
“– Each year, eligible participants may voluntarily make pre-tax and/or after-tax Roth contributions up to 15% of a participant’s annual compensation or a flat dollar amount, as defined in the Plan, subject to certain Internal Revenue Code (“IRC”) limitations. Participants may also make voluntary after-tax contributions up to $41,000 to the Plan. Participants who have attained age 50 on or before December 31, 2025 may make pre-tax and/or Roth catch-up contributions, which are not matched by the Company. Participants may also direct distributions from other qualified defined benefit plans, defined contribution plans, or Individual Retirement Accounts (“IRAs”) that held contributions under a previous employer’s tax-qualified plan or contributory IRAs to the Plan. The Plan provides for a fixed matching contribution by the Company for each dollar contributed by the employee on a pre-tax and after-tax Roth basis. In fiscal 2025, the rate of match was 25%. The Plan also enables employees to share in the profits of the Company by means of the Company’s discretionary contributions that can only be made out of profits and are allocated to participants on the basis of their compensation, as defined in the Plan. Additional discretionary matching contributions are allocated to participant accounts based on the level of employee contributions made to the Plan. Contributions are subject to certain limitations. The Company did not authorize a discretionary contribution during fiscal 2025.”
What you contribute to collect all of it
Contribute at least 15% of your pay to collect the full match.
That is $7,425 a year at a $49,500 salary, and it scales with your own.
Vesting score
57.14 out of 100
How fast the employer’s money becomes yours. Higher than 5% of the 369 schedules we have scored.
It measures vesting speed and nothing else. It says nothing about the size of the match, what the plan charges, or the funds inside it.
Share of the employer's money that is the worker's at hire and at each of the first 6 anniversaries: 0%, 0%, 33%, 67%, 100%, 100%, 100%. The score is the average of those 7 readings.
Vesting, word for word
“Participants are immediately fully vested in their own contributions and the earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service as follows: Years of vesting service Percentage Fewer than two years - % Two years 33 Three years 67 Four years 100”
The wait before the match starts and the year-end true-up appear above when the filing states them. Neither is part of the score, and a filing that is silent on one of them is not a plan without it.
What the plan costs, against plans of its size
16th percentile
$21.19 per participant in plan-paid administrative cost, cheaper than 84% of plans with 5,000+ participants.
What is Jefferies Financial's 401(k) match formula?
Jefferies Financial's 401(k) employer match tops out at 3.75% of pay. One rate up to one limit is the commonest of the four shapes a match formula takes.
| Match formula | 25% of the first 15% of pay |
|---|---|
| Maximum employer match | 3.75% of compensation |
| Other employer contribution | The Plan also enables employees to share in the profits of the Company by means of the Company’s discretionary contributions that can only be made out of profits and are allocated to participants on the basis of their compensation, as defined in the Plan. Additional discretionary matching contributions are allocated to participant accounts based on the level of employee contributions made to the Plan. Contributions are subject to certain limitations. The Company did not authorize a discretionary contribution during fiscal 2025. |
At a $90,000 salary, contributing 15% ($13,500) earns the full employer match of $3,375 for the year.
What the filing says, word for word
“– Each year, eligible participants may voluntarily make pre-tax and/or after-tax Roth contributions up to 15% of a participant’s annual compensation or a flat dollar amount, as defined in the Plan, subject to certain Internal Revenue Code (“IRC”) limitations. Participants may also make voluntary after-tax contributions up to $41,000 to the Plan. Participants who have attained age 50 on or before December 31, 2025 may make pre-tax and/or Roth catch-up contributions, which are not matched by the Company. Participants may also direct distributions from other qualified defined benefit plans, defined contribution plans, or Individual Retirement Accounts (“IRAs”) that held contributions under a previous employer’s tax-qualified plan or contributory IRAs to the Plan. The Plan provides for a fixed matching contribution by the Company for each dollar contributed by the employee on a pre-tax and after-tax Roth basis. In fiscal 2025, the rate of match was 25%. The Plan also enables employees to share in the profits of the Company by means of the Company’s discretionary contributions that can only be made out of profits and are allocated to participants on the basis of their compensation, as defined in the Plan. Additional discretionary matching contributions are allocated to participant accounts based on the level of employee contributions made to the Plan. Contributions are subject to certain limitations. The Company did not authorize a discretionary contribution during fiscal 2025.”
Source: Form 11-K filed May 22, 2026, SEC EDGAR, corroborated by the filing's inline-XBRL facts · SEC ↗
What is Jefferies Financial's 401(k) vesting schedule?
Jefferies Financial vests the employer match on a graded schedule: 33% after two years, rising to 100% after four. Each step is money that leaves with you that year, which is how a graded schedule differs from a cliff.
| Employer match vesting | Graded: 33% at 2 yr, 67% at 3 yr, 100% at 4 yr |
|---|---|
| Your own contributions | Immediate: always 100% yours |
| Other employer contributions | Vesting in the Company’s contribution portion of their accounts (which includes both matching and discretionary contributions) is based on years of continuous service, per the same schedule as the employer match. |
Vesting, word for word
“Participants are immediately fully vested in their own contributions and the earnings thereon. Vesting in the Company’s contribution portion of their accounts is based on years of continuous service as follows: Years of vesting service Percentage Fewer than two years - % Two years 33 Three years 67 Four years 100”
Source: Form 11-K filed May 22, 2026, SEC EDGAR · SEC ↗
Who can join Jefferies Financial's 401(k), and is enrollment automatic?
Jefferies Financial's filing does not mention automatic enrollment, which is not the same as the plan having none.
| Plan entry | The Plan is a defined contribution plan sponsored by Jefferies Financial Group Inc. and subsidiaries (the “Company”) covering all U.S. based employees of the Company and employees who have U.S. source income and have completed three full months of service. |
|---|---|
| Automatic enrollment | Not mentioned in the filing (not proof of absence) |
Eligibility, word for word
“The Plan is a defined contribution plan sponsored by Jefferies Financial Group Inc. and subsidiaries (the “Company”) covering all U.S. based employees of the Company and employees who have U.S. source income and have completed three full months of service.”
Source: Form 11-K filed May 22, 2026, SEC EDGAR · SEC ↗
Who holds your account
Schedule C of the Form 5500 filed for plan year 2024 reports Fidelity Investments, filed as “FIDELITY INVESTMENTS INSTITUTIONAL”. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to. The trustee that holds the plan’s assets can be a different company, and this filing does not name it.
10,593 plans on file name Fidelity Investments as their recordkeeper. Of those, the 10,022 with a computable fee have a median plan-paid cost of $97.71 per participant.
Participants log in at Fidelity NetBenefits ↗. 401(k) Monitor is not affiliated with Fidelity Investments or with any other recordkeeper, and takes nothing for this link. It is here because that is where the account is.
| Recordkeeper | Fidelity Investments |
|---|---|
| Recordkeeper EIN | 042647786 |
What does the Jefferies Financial plan report on Form 5500?
The Jefferies Financial plan reported $1.4B in assets and 5,610 participants for plan year 2024.
| Total plan assets | $1,427,677,572 |
|---|---|
| Participants | 5,610 |
| Plan-paid admin cost per participant | $21.19 |
How that cost compares
This plan pays $21.19 per participant. The median across plans in investment management and securities is $111.34, from the 882 of 960 whose Form 5500 yields a per-participant cost.
Read from the Form 5500 filing of Jefferies Employees' Profit Sharing Plan, which has no page of its own here.
How does Jefferies Financial's 401(k) match compare?
Jefferies Financial Group Inc.'s maximum 401(k) match of 3.75% of pay compares with a median of 4% across the 269 companies in our data with a computable formula.
Employers worth reading next
Of the six employers below, three file in investment management and securities, two report the same recordkeeper and one vests on the same schedule.
Maximum match 5% of pay. Also in investment management and securities.
Maximum match 5% of pay. Also in investment management and securities.
Maximum match 5% of pay. Also in investment management and securities.
Maximum match 3.5% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 4% of pay. Same recordkeeper, Fidelity Investments.
Maximum match 5% of pay. Also fully vested after 4 years, like Jefferies Financial.
Compare Jefferies Financial Group Inc. with any company, side by side
What can you do next?
- Read the Form 11-K on SEC EDGAR ↗
Form 11-K filed May 22, 2026, SEC EDGAR. Every match fact on this page comes from it.
- Changed jobs? Find an old 401(k) ↗
The Department of Labor's Retirement Savings Lost & Found, a free government database.
- This year's IRS contribution limits ↗
The official deferral and catch-up limits every formula operates under.
Questions this filing answers
What is Jefferies Financial Group Inc.'s 401(k) match?
Jefferies Financial Group Inc. matches 25% of employee contributions up to 15% of eligible pay (plan year ended November 30, 2025).
When does the Jefferies Financial Group Inc. 401(k) match vest?
Graded: 33% at 2 yr, 67% at 3 yr, 100% at 4 yr.
Does Jefferies Financial Group Inc.'s 401(k) plan have automatic enrollment?
Not mentioned in the filing (not proof of absence).
Who is the recordkeeper for Jefferies Financial Group Inc.'s 401(k)?
Fidelity Investments is named as the recordkeeper on the Form 5500 filed for Jefferies Employees' Profit Sharing Plan for plan year 2024. That is the company paid to keep the account records: what is in an account, what went into it, and usually the site a participant signs in to.
Source
The match formula, the vesting schedule and the enrollment rules on this page were read from one document: the Form 11-K annual report that Jefferies Financial Group Inc. filed with the US Securities and Exchange Commission for the plan year ended November 30, 2025. Each of those fields carries the filing sentence it was read from, expandable where the field appears. Nothing on this page was supplied by the employer to this site.
The plan assets, the participant counts, the plan-paid fees and the recordkeeper come from a different document, the plan’s DOL Form 5500 annual return, and the section that reports them links it. Comparisons with other employers are computed across the filings named in the section they appear in.
Read the filing on SEC EDGAR ↗
| Document | Form 11-K annual report |
|---|---|
| Filed with | US Securities and Exchange Commission (EDGAR) |
| Filed by | Jefferies Financial Group Inc. |
| SEC CIK | 96223 |
| Accession number | 0001193125-26-236949 |
| Plan | Jefferies Employees’ Profit Sharing Plan |
| Period of report | November 30, 2025 |
| Filed | May 22, 2026 |
401(k) Monitor is not affiliated with Jefferies Financial Group Inc., with the Securities and Exchange Commission or with this plan’s recordkeeper, and publishes this page without their involvement. It republishes a public filing and says where it came from.
Cite this page
401(k) Monitor, “Jefferies Financial Group Inc. 401(k) plan facts”, from SEC Form 11-K accession 0001193125-26-236949, plan year ended November 30, 2025.
