Plan Ledger DOL Form 5500 · updated monthly

Bankw Staffing, LLC401(k)

BANKW STAFFING, LLC RETIREMENT PLAN · BEDFORD, NH · plan year 2024

Reported admin expense ratio · 2024
0.19%

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

Bankw Staffing, LLC reported $41,002 in plan administrative expenses for 2024: 0.19% of average plan assets, below the peer median. Employer contributions averaged $684 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 0.21% to 0.19%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 158th-largest of 411 plans among New Hampshire employers on file, and the 540th of 2,534 in administrative & support services. In 2024, employees put in $2.19 for every $1.00 the employer contributed; active participation has grown from 153 to 883 since 2022.

Plan summary
Net assets, end of year$23,330,131
Participants with balances163
Active participants883
Employer contributions$604,069
Employee contributions$1,324,045
Employer contribution per active participant$684
Average account balance$143,130
Benefits paid to participants$233,018
Plan auditUnmodified (clean) audit opinion
AuditorCARON & BLETZER,PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$23.3M · 163 accts · $604K emplr
2023$18.8M · 145 accts · $595K emplr
2022$13.5M · 135 accts · $581K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$35,863
Investment management$5,139
Total administrative$41,002
The Bankw Staffing, LLC 401(k) match · 2024
Employer contribution per active participant$684
Median for plans this size$2,416
2024$684 per active participant
2023$3,587 per active participant
2022$3,798 per active participant

Bankw Staffing, LLC's 2024 employer contribution ran below the $2,416 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
FIDELITY INVESTMENTS INSTITUTIONAL · Loan processing$35,863
STRATEGIC ADVISORS, INC. · Investment advisory (plan)$5,139

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

Administrative cost history3
2024$41,002 · 0.19%
2023$30,740 · 0.19%
2022$31,141 · 0.21%
Same employer
Similar plansAdministrative & Support Services · New Hampshire
Marking Services, Inc. WI$23.5M · 0.50%
Gee Group Inc. IL$23.4M · 0.15%
Jay Henges Enterprises Inc. MO$23.4M · 0.36%
Dewinter Group, LLC CA$23.3M · 0.69%
Tandym Group Holdings, LLC NY$23.1M · 0.79%

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Source: U.S. Department of Labor, Form 5500 series, EIN 274348369 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.