Plan Ledger DOL Form 5500 · updated monthly

Preferred Healthcare Staffing, Inc.401(k)

PREFERRED HEALTHCARE STAFFING 401(K) PLAN · SAN DIEGO, CA · plan year 2024

Reported admin expense ratio · 2024
1.24%

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

Preferred Healthcare Staffing, Inc. reported $38,848 in plan administrative expenses for 2024: 1.24% of average plan assets, higher than ~90% of peers. Employer contributions averaged $383 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 0.82% to 1.24%. 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 California (7,660th of 9,483), and 1,682nd of 2,534 in administrative & support services. In 2024, employees put in $5.79 for every $1.00 the employer contributed; active participation has shrunk from 278 to 247 since 2022.

Plan summary
Net assets, end of year$3,391,607
Participants with balances191
Active participants247
Employer contributions$94,679
Employee contributions$547,797
Employer contribution per active participant$383
Average account balance$17,757
Benefits paid to participants$485,927
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.4M · 191 accts · $95K emplr
2023$2.9M · 171 accts · $73K emplr
2022$2.7M · 157 accts · $43K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$17,782
Audit (IQPA)$11,500
Total administrative$38,848
The Preferred Healthcare Staffing, Inc. 401(k) match · 2024
Employer contribution per active participant$383
Median for plans this size$1,313
2024$383 per active participant
2023$265 per active participant
2022$156 per active participant

Preferred Healthcare Staffing, Inc.'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 · 20244
FIDELITY INVESTMENTS INSTITUTIONAL · Plan administrator · Trustee (discretionary)$17,781
PRICEKUBECKA · Accounting / audit$11,500
ICE MILLER LLP · Consulting$9,566
LPL FINANCIAL LLCindirect comp

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$38,848 · 1.24%
2023$24,810 · 0.90%
2022$22,805 · 0.82%
Same employer
Similar plansAdministrative & Support Services · California
Bayside Solutions Inc CA$3.6M · 0.49%
Villa Park Landscape CA$3.5M · 0.02%
G&C Staffing LLC CA$3.3M · 1.25%

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Source: U.S. Department of Labor, Form 5500 series, EIN 330588440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.