Plan Ledger DOL Form 5500 · updated monthly

Searchpros Staffing LLC401(k)

SEARCHPROS STAFFING LLC 401(K) PLAN · SACRAMENTO, CA · plan year 2024

Reported admin expense ratio · 2024
0.70%

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

Searchpros Staffing LLC reported $61,357 in plan administrative expenses for 2024: 0.70% of average plan assets, above the peer median. Employer contributions averaged $0 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 0.66% to 0.70%. 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 (5,637th of 9,483), and the 1,041st of 2,534 in administrative & support services. active participation has grown from 588 to 689 since 2022.

Plan summary
Net assets, end of year$9,399,977
Participants with balances297
Active participants689
Employer contributions$0
Employee contributions$3,582,970
Employer contribution per active participant$0
Average account balance$31,650
Benefits paid to participants$3,170,225
Plan auditUnmodified (clean) audit opinion
AuditorAUDIT AND TAX SOLUTIONS, CPAS, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$9.4M · 297 accts
2023$8.0M · 326 accts
2022$4.5M · 277 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,906
Investment management$16,663
Trustee / custodial$788
Total administrative$61,357
The Searchpros Staffing LLC 401(k) match · 2024
Employer contribution per active participant$0
Median for plans this size$1,313

Searchpros Staffing 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 · 20243
PAYCHEX, INC. · Recordkeeping$22,969
ERISA FIDUCIARY SERVICES, INC. · Contract administrator$17,195
STONEHENGE RETIREMENT PLANNERS LLC · Investment advisory (participants)$16,663

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

Recordkeeper by year2
2024Paychex
2023ADP

This plan has changed recordkeepers within these filings. If you left Searchpros Staffing LLC before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$61,357 · 0.70%
2023$35,740 · 0.57%
2022$27,837 · 0.66%
Similar plansAdministrative & Support Services · California
Care.Stat!, Inc. CA$9.9M · 0.16%
Pridestaff, Inc. CA$9.6M · 0.13%
Vxi Global Solutions, LLC CA$9.4M · 5.77%
Modern Treasury Corp. CA$9.4M · 0.10%
Billfloat, Inc. CA$9.0M · 0.45%
Mid Valley Disposal, Inc. CA$8.9M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 202092168 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.