Plan Ledger DOL Form 5500 · updated monthly

Alphastaff Group, Inc.401(k)

ALPHASTAFF RETIREMENT SAVINGS PLAN · SUNRISE, FL · plan year 2024

Reported admin expense ratio · 2024
0.56%

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

Alphastaff Group, Inc. reported $1,354,130 in plan administrative expenses for 2024: 0.56% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,615 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 4 years on file its reported administrative ratio has held roughly steady near 0.56%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 150th-largest of 3,644 plans among Florida employers on file, and the 80th of 2,534 in administrative & support services. In 2024, employees put in $2.60 for every $1.00 the employer contributed; active participation has grown from 6,541 to 7,291 since 2021.

Plan summary
Net assets, end of year$252,316,782
Participants with balances4,712
Active participants7,291
Employer contributions$11,776,874
Employee contributions$30,588,900
Employer contribution per active participant$1,615
Average account balance$53,548
Benefits paid to participants$24,067,228
Plan auditUnmodified (clean) audit opinion
AuditorBENNING GROUP, LLC
Plan history4
Yearassets · accounts · employer contribution
2024$252.3M · 4,712 accts · $11.8M emplr
2023$234.8M · 4,662 accts · $12.2M emplr
2022$181.7M · 4,373 accts · $9.3M emplr
2021$183.2M · 3,577 accts · $6.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$1,019,257
Investment management$130,292
Audit (IQPA)$4,500
Trustee / custodial$72,018
Total administrative$1,354,130
The Alphastaff Group, Inc. 401(k) match · 2024
Employer contribution per active participant$1,615
Median for plans this size$3,635
2024$1,615 per active participant
2023$2,086 per active participant
2022$1,163 per active participant
2021$923 per active participant

Alphastaff Group, Inc.'s 2024 employer contribution ran below the $3,635 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 · 20245
AMERITAS LIFE INSURANCE CORP · Claims processing · Contract administrator$1,015,525
ALPHASTAFF GROUP, INC. · Claims processing · Recordkeeping$116,424
MORGAN STANLEY SMITH BARNEY LLC · Investment advisory (participants) · Investment advisory (plan)$129,045
CHARLES SCHWAB BANK · Custodial (securities) · Trustee (directed)$72,018
FISHER PHILLIPS · Legal$11,440

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

Recordkeeper by year2
2024ALPHASTAFF GROUP, INC., Ameritas
2023ALPHASTAFF GROUP, INC., Ameritas

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Administrative cost history4
2024$1,354,130 · 0.56%
2023$1,178,639 · 0.57%
2022$1,000,480 · 0.55%
2021$897,117 · 0.54%
Similar plansAdministrative & Support Services · Florida
Coadvantage Corporation FL$1.2B · 0.38%
Everon FL$398.0M · 0.01%
The Geo Group, Inc. FL$320.9M · 0.23%
Cross Country Healthcare FL$218.3M · 0.30%
Frankcrum 11, Inc. FL$205.3M · 0.79%
Iap Worldwide Services, Inc. FL$150.9M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 650314170 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.