Plan Ledger DOL Form 5500 · updated monthly

Staffing Partners Holdings401(k)

STAFFING PARTNERS HOLDINGS 401(K) PLAN · SANTA BARBARA, CA · plan year 2024

Reported admin expense ratio · 2024
1.13%

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

Staffing Partners Holdings reported $193,165 in plan administrative expenses for 2024: 1.13% of average plan assets, higher than ~90% of peers. Employer contributions averaged $212 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 1.21% to 1.13%. 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 3,730th-largest of 9,483 plans among California employers on file, and the 633rd of 2,534 in administrative & support services. In 2024, employees put in $2.08 for every $1.00 the employer contributed; active participation has grown from 4,914 to 6,247 since 2022.

Plan summary
Net assets, end of year$19,270,993
Participants with balances516
Active participants6,247
Employer contributions$1,327,414
Employee contributions$2,755,597
Employer contribution per active participant$212
Average account balance$37,347
Benefits paid to participants$1,904,176
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$19.3M · 516 accts · $1.3M emplr
2023$15.0M · 743 accts · $1.3M emplr
2022$9.9M · 646 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$85,180
Investment management$107,985
Total administrative$193,165
The Staffing Partners Holdings 401(k) match · 2024
Employer contribution per active participant$212
Median for plans this size$2,416
2024$212 per active participant
2023$236 per active participant
2022$206 per active participant

Staffing Partners Holdings'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 · 20242
ASCENSUS LLC · Loan processing · Recordkeeping$85,180
PLAN MEMBER SECURITIES CORP · Investment advisory (plan)$107,985

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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Administrative cost history3
2024$193,165 · 1.13%
2023$146,799 · 1.18%
2022$113,143 · 1.21%
Same employer
Similar plansAdministrative & Support Services · California
Outsource, LLC CA$20.2M · 1.02%
Traffic Management, Inc. CA$19.4M · 0.56%
Envent Corporation CA$19.3M · 0.62%
Crosscheck, Inc. CA$18.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 465729955 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.