Plan Ledger DOL Form 5500 · updated monthly

Allstaff Payroll, Inc.401(k)

ALLSTAFF PAYROLL, INC. 401(K) RETIREMENT PLAN · PENSACOLA, FL · plan year 2024

Reported admin expense ratio · 2024
2.19%

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

Allstaff Payroll, Inc. reported $31,814 in plan administrative expenses for 2024: 2.19% of average plan assets, higher than ~90% of peers. Employer contributions averaged $135 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 2 years on file its reported administrative ratio fell from 2.55% to 2.19%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Florida (3,182nd of 3,644), and 10,991st of 11,654 in professional & technical services. In 2024, employees put in $3.75 for every $1.00 the employer contributed; active participation has grown from 296 to 532 since 2022.

Plan summary
Net assets, end of year$1,700,068
Participants with balances222
Active participants532
Employer contributions$71,575
Employee contributions$268,074
Employer contribution per active participant$135
Average account balance$7,658
Benefits paid to participants$117,686
Plan auditUnmodified (clean) audit opinion
AuditorLBMC,PC
Plan history3
Yearassets · accounts · employer contribution
2024$1.7M · 222 accts · $72K emplr
2023$1.2M · 174 accts · $55K emplr
2022$1.0M · 148 accts · $64K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$31,814
Total administrative$31,814
The Allstaff Payroll, Inc. 401(k) match · 2024
Employer contribution per active participant$135
Median for plans this size$1,313
2024$135 per active participant
2023$139 per active participant
2022$215 per active participant

Allstaff Payroll, Inc.'s 2024 employer contribution ran below the $1,313 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 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
JOHN HANCOCK LIFE INSURANCE CO. · Recordkeeping$19,022
THE BENEFIT ADVANTAGE · Contract administrator · Other services$12,071

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
2024$31,814 · 2.19%
2023$26,742 · 2.41%
2022$26,068 · 2.55%
Similar plansProfessional & Technical Services · Florida
Sintavia LLC FL$1.8M · 0.74%
Chiptech Inc FL$1.8M · 0.18%
Benefit Hub, Inc. FL$1.7M · 0.55%
Keeton Corrections, Inc. FL$1.7M · 1.27%
Acorn Health FL$1.6M · 1.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593214402 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.