Plan Ledger DOL Form 5500 · updated monthly

Edustaff, LLC401(k)

EDUSTAFF, LLC 401(K) PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
1.01%

Edustaff, LLC reported $88,575 in plan administrative expenses for 2024: 1.01% of average plan assets, higher than ~75% of peers. 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 1.07% to 1.01%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other educational services employers. By assets it is among the smaller plans on file in Michigan (1,549th of 2,619), and 2,121st of 3,091 in educational services. active participation has grown from 49,430 to 56,898 since 2022.

Plan summary
Net assets, end of year$9,893,247
Participants with balances598
Active participants56,898
Employer contributions—
Employee contributions$1,246,131
Employer contribution per active participant—
Average account balance$16,544
Benefits paid to participants$485,013
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.9M · 598 accts
2023$7.7M · 542 accts
2022$6.1M · 527 accts · $656 emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$88,321
Investment management$254
Total administrative$88,575
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 · 20243
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$55,270
ADMIN. GROUP, LLC DBA TAG RESOURCES · Recordkeeping · Loan processing$33,051
RPA FINANCIAL LLC · Investment advisory (plan)$254

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

Recordkeeper by year2
2024ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica
2023ADMIN. GROUP, LLC DBA TAG RESOURCES, Transamerica

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Administrative cost history3
2024$88,575 · 1.01%
2023$76,840 · 1.11%
2022$69,642 · 1.07%
Same employer
Similar plansEducational Services · Michigan
Detroit 90/90 MI$14.5M · 0.59%
Cornerstone Education Group MI$11.5M · 0.18%

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Source: U.S. Department of Labor, Form 5500 series, EIN 273229048 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.