Plan Ledger DOL Form 5500 · updated monthly

Paramount Staffing Perm, LLC401(k)

PARAMOUNT STAFFING PERM, LLC 401(K) PLAN · NORTHBROOK, IL · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Paramount Staffing Perm, LLC reported $21,124 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $17 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 0.95% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Illinois (3,198th of 3,702), and 1,722nd of 2,534 in administrative & support services. In 2024, employees put in $2.83 for every $1.00 the employer contributed; active participation has grown from 202 to 9,449 since 2022.

Plan summary
Net assets, end of year$3,218,805
Participants with balances159
Active participants9,449
Employer contributions$157,494
Employee contributions$445,373
Employer contribution per active participant$17
Average account balance$20,244
Benefits paid to participants$674,569
Plan auditUnmodified (clean) audit opinion
AuditorPLATFORM CPA'S, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.2M · 159 accts · $157K emplr
2023$2.9M · 141 accts · $182K emplr
2022$2.1M · 124 accts · $165K emplr
Administrative expenses, itemized · 2024
Investment management$21,124
Total administrative$21,124
The Paramount Staffing Perm, LLC 401(k) match · 2024
Employer contribution per active participant$17
Median for plans this size$1,313
2024$17 per active participant
2023$813 per active participant
2022$815 per active participant

Paramount Staffing Perm, LLC's 2024 employer contribution ran below the $1,313 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 · 20241
TRANSAMERICA LIFE INSURANCE COMPANY · Recordkeeping · Loan processing$19,470

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

Recordkeeper by year2
2024Transamerica
2023Transamerica

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

Administrative cost history3
2024$21,124 · 0.69%
2023$19,219 · 0.76%
2022$20,737 · 0.95%
Similar plansAdministrative & Support Services · Illinois
Aftermath Services LLC IL$3.6M · 1.02%
Brilliant Staffing, LLC IL$3.4M · 0.64%
Up Management, LLC IL$3.4M · 1.01%
Hcmc Legal, Inc. IL$3.0M · 0.55%
The Salem GROUP1 IL$3.0M · 0.11%
Halpin Personnel, Inc. IL$2.8M · 0.02%

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Source: U.S. Department of Labor, Form 5500 series, EIN 825251827 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.