Plan Ledger DOL Form 5500 · updated monthly

Psychiatric Staffing, LLC401(k)

PSYCHIATRIC STAFFING, LLC 401(K) PLAN · MONTGOMERY, AL · plan year 2024

Reported admin expense ratio · 2024
1.25%

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

Psychiatric Staffing, LLC reported $37,691 in plan administrative expenses for 2024: 1.25% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,999 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 1.58% to 1.25%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Alabama (705th of 902), and 8,885th of 11,911 in health care & social assistance. In 2024, employees put in $1.76 for every $1.00 the employer contributed; active participation has grown from 100 to 152 since 2022.

Plan summary
Net assets, end of year$3,539,706
Participants with balances272
Active participants152
Employer contributions$303,831
Employee contributions$534,923
Employer contribution per active participant$1,999
Average account balance$13,014
Benefits paid to participants$158,007
Plan auditUnmodified (clean) audit opinion
AuditorLBMC, PC
Plan history3
Yearassets · accounts · employer contribution
2024$3.5M · 272 accts · $304K emplr
2023$2.5M · 227 accts · $70K emplr
2022$1.9M · 204 accts · $276K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$37,691
Total administrative$37,691
The Psychiatric Staffing, LLC 401(k) match · 2024
Employer contribution per active participant$1,999
Median for plans this size$1,313
2024$1,999 per active participant
2023$522 per active participant
2022$2,756 per active participant

Psychiatric Staffing, LLC's 2024 employer contribution ran above 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 · 20246
NATIONWIDE · Recordkeeping · Investment advisory (participants)$16,398
NATIONWIDE · Recordkeeping · Investment advisory (participants)$523
WELLS FARGO ADVISORS LLC (WBS) · Investment advisory (participants) · Investment advisory (plan)$32,330
IRON FIDUDIARY · Investment advisory (participants) · Investment advisory (plan)$2,587
AVINTUS, LLC · Plan administrator$1,850
NATIONWIDE LIFE INSURANCE COMPANY · Investment advisory (plan) · Investment advisory (participants)$647

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

Recordkeeper by year2
2024Nationwide
2023Nationwide

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Administrative cost history3
2024$37,691 · 1.25%
2023$24,927 · 1.14%
2022$28,539 · 1.58%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Qchc Management Services AL$3.8M · 0.93%
Henry County Nursing Home AL$3.5M · 0.08%
Community Hospital Inc. AL$3.3M · 1.01%
The Arc of Walker County AL$3.2M · 0.06%

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Source: U.S. Department of Labor, Form 5500 series, EIN 821582298 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.