Plan Ledger DOL Form 5500 · updated monthly

Ab Staffing Solutions, LLC401(k)

AB STAFFING SOLUTIONS, LLC 401(K) PLAN · GILBERT, AZ · plan year 2023

Reported admin expense ratio · 2023
1.68%

Peer grade: D · admin costs + employer contributions vs same-size plans · how grading works

Ab Staffing Solutions, LLC reported $117,411 in plan administrative expenses for 2023: 1.68% of average plan assets, higher than ~90% of peers. Employer contributions averaged $128 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 1 year on file its reported administrative ratio rose from 1.11% to 1.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Arizona (680th of 1,285), and the 1,169th of 2,534 in administrative & support services. In 2023, employees put in $9.75 for every $1.00 the employer contributed; active participation has grown from 1,096 to 1,310 since 2022.

Plan summary
Net assets, end of year$7,668,250
Participants with balances1,079
Active participants1,310
Employer contributions$167,896
Employee contributions$1,637,618
Employer contribution per active participant$128
Average account balance$7,107
Benefits paid to participants$1,675,184
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $217K emplr
2023$7.7M · 1,079 accts · $168K emplr
2022$6.3M · 1,516 accts · $277K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$93,593
Investment management$23,818
Total administrative$117,411
The Ab Staffing Solutions, LLC 401(k) match · 2023
Employer contribution per active participant$128
Median for plans this size$1,308
2023$128 per active participant
2022$252 per active participant

Ab Staffing Solutions, LLC's 2023 employer contribution ran below the $1,308 median for plans its size, in the bottom quarter of its peers. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
JOHN HANCOCK LIFE INS COMPANY · Recordkeeping · Investment management$39,911

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Recordkeeper by year2
2024John Hancock
2023John Hancock

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024Not separately reported
2023$117,411 · 1.68%
2022$68,248 · 1.11%
Same employer
Similar plansAdministrative & Support Services · Arizona
Barkley AG Enterprises, LLC AZ$10.2M · 0.74%
Everservice Holdings, LLC AZ$8.6M · 1.15%
NME3, LLC AZ$7.0M · 0.46%
Televerde, LLC. AZ$6.6M · 0.88%
Miracorp Inc. AZ$6.1M · 1.33%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 481264065 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.