Plan Ledger DOL Form 5500 · updated monthly

Stafflink Outsourcing, Inc.401(k)

STAFFLINK OUTSOURCING RETIREMENT SAVINGS PLAN · SUNRISE, FL · plan year 2023

Reported admin expense ratio · 2023
0.78%

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

Stafflink Outsourcing, Inc. reported $362,908 in plan administrative expenses for 2023: 0.78% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,609 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 0.66% to 0.78%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other administrative & support services employers. By assets it is the 525th-largest of 3,644 plans among Florida employers on file, and the 291st of 2,534 in administrative & support services. In 2023, employees put in $2.12 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$52,034,501
Participants with balances1,116
Active participants1,420
Employer contributions$2,285,153
Employee contributions$4,845,585
Employer contribution per active participant$1,609
Average account balance$46,626
Benefits paid to participants$5,268,596
Plan auditUnmodified (clean) audit opinion
AuditorWEINSTEIN ZUGMAN, LLC
Plan history2
Yearassets · accounts · employer contribution
2023$52.0M · 1,116 accts · $2.3M emplr
2022$41.4M · 1,034 accts · $1.6M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$346,908
Total administrative$362,908
The Stafflink Outsourcing, Inc. 401(k) match · 2023
Employer contribution per active participant$1,609
Median for plans this size$2,440
2023$1,609 per active participant
2022$1,149 per active participant

Stafflink Outsourcing, Inc.'s 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20234
SLAVIC INTEGRATED ADMINISTRATION · Recordkeeping · Loan processing$197,087
BKS FINANCIAL INVESTMENTS, LLC · Investment advisory (plan)$89,540
STAFFLINK OUTSOURCING · Plan administrator$58,680
WEINSTEIN ZUGMAN, LLC · Accounting / audit$16,000

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

Administrative cost history2
2023$362,908 · 0.78%
2022$284,451 · 0.66%
Similar plansAdministrative & Support Services · Florida
Decisionhr, Inc. FL$66.9M · 0.73%
Waste Pro USA, Inc. FL$62.9M · 0.77%
Galloway, Inc. FL$51.1M · 0.24%
Iqor, Inc. FL$48.5M · 0.14%
Yellowstone Landscape, Inc. FL$39.1M · 0.35%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 650233907 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.