Plan Ledger DOL Form 5500 · updated monthly

Staff Source Employment, LLC401(k)

STAFF SOURCE EMPLOYMENT 401K PLAN · CARTERSVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.69%

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

Staff Source Employment, LLC reported $39,469 in plan administrative expenses for 2024: 0.69% of average plan assets, above the peer median. Employer contributions averaged $1,395 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 1 year on file its reported administrative ratio rose from 0.27% to 0.69%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Georgia (1,434th of 2,160), and 8,956th of 11,654 in professional & technical services. In 2024, employees put in $2.26 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,259,734
Participants with balances191
Active participants320
Employer contributions$446,308
Employee contributions$1,010,838
Employer contribution per active participant$1,395
Average account balance$38,009
Benefits paid to participants$363,176
Plan auditUnmodified (clean) audit opinion
AuditorKELLEY, SAMMONS, TOOLE & ELLISON, L
Plan history2
Yearassets · accounts · employer contribution
2024$7.3M · 191 accts · $446K emplr
2023$4.2M · 184 accts · $435K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,982
Investment management$10,487
Total administrative$39,469
The Staff Source Employment, LLC 401(k) match · 2024
Employer contribution per active participant$1,395
Median for plans this size$1,313
2024$1,395 per active participant
2023$2,982 per active participant

Staff Source Employment, 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 · 20243
AMERITAS LIFE INS CORP · Recordkeeping$9,848
JOHN HANCOCK LIFE INS CO · Recordkeeping · Investment management$1,098
FLORIDA RETIREMENT CONSULTANTS · Contract administrator$3,144

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

Administrative cost history2
2024$39,469 · 0.69%
2023$9,418 · 0.27%
Similar plansProfessional & Technical Services · Georgia
Acuant, Inc GA$7.7M · 0.06%
Goldfein LLC GA$7.6M · 0.44%
Procurri, LLC GA$7.6M · 0.95%
Lowe Engineers, LLC GA$7.5M · 0.85%
Govstrive, LLC GA$7.1M · 1.48%
Happy Returns, LLC GA$7.0M · 0.81%

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Source: U.S. Department of Labor, Form 5500 series, EIN 474890502 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.