Plan Ledger DOL Form 5500 · updated monthly

Elite Medical Staffing401(k)

ELITE MEDICAL STAFFING 401(K) RETIREMENT SAVINGS PLAN · LAKE MARY, FL · plan year 2024

Reported admin expense ratio · 2024
1.69%

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

Elite Medical Staffing reported $20,182 in plan administrative expenses for 2024: 1.69% of average plan assets, higher than ~90% of peers. Employer contributions averaged $747 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 rose from 0.87% to 1.69%. 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 (3,256th of 3,644), and 11,092nd of 11,654 in professional & technical services. In 2024, employees put in $1.83 for every $1.00 the employer contributed; active participation has shrunk from 698 to 184 since 2022.

Plan summary
Net assets, end of year$1,423,018
Participants with balances308
Active participants184
Employer contributions$137,356
Employee contributions$251,679
Employer contribution per active participant$747
Average account balance$4,620
Benefits paid to participants$101,663
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$1.4M · 308 accts · $137K emplr
2023$967K · 339 accts · $148K emplr
2022$570K · 252 accts · $150K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,791
Investment management$5,391
Total administrative$20,182
The Elite Medical Staffing 401(k) match · 2024
Employer contribution per active participant$747
Median for plans this size$1,313
2024$747 per active participant
2023$487 per active participant
2022$214 per active participant

Elite Medical Staffing's 2024 employer contribution ran below the $1,313 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.

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 · 20241
ADP, INC. · Loan processing · Recordkeeping$20,182

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$20,182 · 1.69%
2023$11,999 · 1.56%
2022$4,266 · 0.87%
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Cwc Transportation, LLC FL$1.5M · 0.96%
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Source: U.S. Department of Labor, Form 5500 series, EIN 455080361 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.