Plan Ledger DOL Form 5500 · updated monthly

Specialist Staffing Solutions, Inc401(k)

SPECIALIST STAFFING SOLUTIONS, INC. RETIREMENT PLAN · HOUSTON, TX · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Specialist Staffing Solutions, Inc reported $116,815 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $717 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 0.49% to 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 1,234th-largest of 5,688 plans among Texas employers on file, and the 3,275th of 11,654 in professional & technical services. In 2024, employees put in $3.44 for every $1.00 the employer contributed; active participation has grown from 1,884 to 2,833 since 2022.

Plan summary
Net assets, end of year$40,373,081
Participants with balances1,024
Active participants2,833
Employer contributions$2,031,099
Employee contributions$6,978,355
Employer contribution per active participant$717
Average account balance$39,427
Benefits paid to participants$7,616,185
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$40.4M · 1,024 accts · $2.0M emplr
2023$33.6M · 1,043 accts · $1.0M emplr
2022$24.9M · 1,104 accts · $680K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$116,362
Investment management$453
Total administrative$116,815
The Specialist Staffing Solutions, Inc 401(k) match · 2024
Employer contribution per active participant$717
Median for plans this size$2,416
2024$717 per active participant
2023$590 per active participant
2022$361 per active participant

Specialist Staffing Solutions, 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 · 20244
SCHWAB RETIREMENT PLAN SERVICES, IN · Recordkeeping · Investment advisory (participants)$13,408
EMPOWER ADVISORY GROUP, LLC · Investment management$28,138
NOVA 401(K) ASSOCIATES · Contract administrator$16,807

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$116,815 · 0.32%
2023$142,533 · 0.49%
2022$120,227 · 0.49%
Same employer
Similar plansProfessional & Technical Services · Texas
Tpn Holdings LLC TX$41.2M · 0.37%
Dunaway Associates, L.P. TX$41.2M · 0.21%
Embark Consulting, LLC TX$40.3M · 0.42%
Haag Engineering Co. TX$39.5M · 0.19%

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Source: U.S. Department of Labor, Form 5500 series, EIN 271623818 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.