Plan Ledger DOL Form 5500 · updated monthly

Providers Staffing, Inc.401(k)

PROVIDERS STAFFING, INC. PROFIT SHARING PLAN · BURTON, MI · plan year 2024

Reported admin expense ratio · 2024
0.40%

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

Providers Staffing, Inc. reported $132,967 in plan administrative expenses for 2024: 0.40% of average plan assets, above the peer median. Employer contributions averaged $1,595 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 0.47% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other health care & social assistance employers. By assets it is the 715th-largest of 2,619 plans among Michigan employers on file, and the 2,535th of 11,911 in health care & social assistance. In 2024, the employer put in $1.00 for every $1.00 employees contributed themselves; active participation has shrunk from 210 to 156 since 2022.

Plan summary
Net assets, end of year$33,869,588
Participants with balances388
Active participants156
Employer contributions$248,809
Employee contributions$247,774
Employer contribution per active participant$1,595
Average account balance$87,293
Benefits paid to participants$4,884,541
Plan auditUnmodified (clean) audit opinion
AuditorLEWIS & KNOFF PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.9M · 388 accts · $249K emplr
2023$33.2M · 393 accts · $317K emplr
2022$29.5M · 525 accts · $441K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$49,677
Investment management$55,090
Audit (IQPA)$28,200
Total administrative$132,967
The Providers Staffing, Inc. 401(k) match · 2024
Employer contribution per active participant$1,595
Median for plans this size$2,416
2024$1,595 per active participant
2023$1,679 per active participant
2022$2,100 per active participant

Providers Staffing, Inc.'s 2024 employer contribution ran below the $2,416 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 · 20245
TRANSAMERICA RETIREMENT SOLUTIONS · Claims processing · Recordkeeping$46,140
UBS FINANCIAL SERVICES, INC. · Consulting$48,609
LEWIS & KNOPF, CPAS · Accounting / audit$28,200
PENSION RESOURCES CORP · Consulting$6,481
NATIONAL FINANCIAL SERVICES · Securities brokerageindirect comp

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$132,967 · 0.40%
2023$131,536 · 0.42%
2022$159,886 · 0.47%
Same employer
Similar plansHealth Care & Social Assistance · Michigan
The Hurley Clinic MI$36.0M · 0.01%
Orthopaedic Associates Of MI$35.3M · 0.12%
Life Ems, Inc. MI$34.2M · 0.29%
L.O. Eye Care MI$32.4M · 0.20%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 383209826 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.