Belflex Staffing Network401(k)
BELFLEX STAFFING NETWORK RETIREMENT SAVINGS PLAN · CINCINNATI, OH · plan year 2023
Peer grade: B · admin costs + employer contributions vs same-size plans · how grading works
Belflex Staffing Network reported $24,156 in plan administrative expenses for 2023: 0.37% of average plan assets, below the peer median. Employer contributions averaged $859 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 fell from 1.28% to 0.37%. 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 Ohio (2,311th of 3,295), and the 1,231st of 2,534 in administrative & support services. In 2023, employees put in $2.49 for every $1.00 the employer contributed; active participation has shrunk from 141 to 113 since 2022.
Belflex Staffing Network's 2023 employer contribution ran below the $1,308 median for plans its size. 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.
Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 311376243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.