Plan Ledger DOL Form 5500 · updated monthly

Southeast Personnel Leasing, Inc.401(k)

SOUTHEAST PERSONNEL LEASING RETIREMENT SAVINGS PLAN · HOLIDAY, FL · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Southeast Personnel Leasing, Inc. reported $264,048 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $636 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 3 years on file its reported administrative ratio has held roughly steady near 0.61%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other administrative & support services employers. By assets it is the 564th-largest of 3,644 plans among Florida employers on file, and the 321st of 2,534 in administrative & support services. In 2024, employees put in $3.24 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$46,461,412
Participants with balances957
Active participants2,504
Employer contributions$1,593,107
Employee contributions$5,160,518
Employer contribution per active participant$636
Average account balance$48,549
Benefits paid to participants$4,153,643
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA, INC.
Plan history3
Yearassets · accounts · employer contribution
2024$46.5M · 957 accts · $1.6M emplr
2023$40.0M · 892 accts · $1.3M emplr
2022$31.3M · 785 accts · $1.2M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$187,714
Investment management$76,334
Total administrative$264,048
The Southeast Personnel Leasing, Inc. 401(k) match · 2024
Employer contribution per active participant$636
Median for plans this size$2,416
2024$636 per active participant
2023$487 per active participant
2022$480 per active participant

Southeast Personnel Leasing, Inc.'s 2024 employer contribution ran below the $2,416 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
TRANSAMERICA FINANCIAL LIFE INS. CO · Recordkeeping · Loan processing$187,714
MERRILL LYNCH LIFE AGENCY, INC. · Investment advisory (plan)$63,612
360 PAYROLL INTEGRATION, CORP · Pension consulting$12,722

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$264,048 · 0.61%
2023$211,120 · 0.59%
2022$189,357 · 0.58%
Same employer
Similar plansAdministrative & Support Services · Florida
Stafflink Outsourcing, Inc. FL$52.0M · 0.78%
Galloway, Inc. FL$51.1M · 0.24%
Iqor, Inc. FL$48.5M · 0.14%
Yellowstone Landscape, Inc. FL$39.1M · 0.35%
Legacy Intermediate, LLC FL$38.8M · 0.61%
HR Delivered LLC FL$37.9M · 1.08%
Hays U.S. Corporation FL$36.2M · 0.43%

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Source: U.S. Department of Labor, Form 5500 series, EIN 593298197 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.