Plan Ledger DOL Form 5500 · updated monthly

Staffmark Group, LLC401(k)

STAFFMARK GROUP, LLC 401(K) PLAN · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.31%

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

Staffmark Group, LLC reported $450,383 in plan administrative expenses for 2024: 0.31% of average plan assets, higher than ~75% of peers. Employer contributions averaged $438 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 0.06% to 0.31%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other administrative & support services employers. By assets it is the 272nd-largest of 3,295 plans among Ohio employers on file, and the 127th of 2,534 in administrative & support services. In 2024, employees put in $8.41 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$144,122,729
Participants with balances5,259
Active participants1,933
Employer contributions$846,878
Employee contributions$7,119,077
Employer contribution per active participant$438
Average account balance$27,405
Benefits paid to participants$21,912,543
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$144.1M · 5,259 accts · $847K emplr
2023$131.0M · 5,366 accts · $159K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$207,531
Investment management$135,377
Audit (IQPA)$75,386
Total administrative$450,383
The Staffmark Group, LLC 401(k) match · 2024
Employer contribution per active participant$438
Median for plans this size$3,635
2024$438 per active participant
2023$82 per active participant

Staffmark Group, LLC's 2024 employer contribution ran below the $3,635 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 · 20246
RAYMOND JAMES & ASSOCIATES INC · Investment advisory (plan)$91,423
BKD LLP · Accounting / audit$75,386
EMPOWER ADVISORY GROUP, LLC · Investment management$43,954
WEISER LLP$27,508
THE HOWARD E NYHART CO INC$4,581

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$450,383 · 0.31%
2023$82,239 · 0.06%
All plans at this employer2
STAFFMARK/EMS 401K SAVINGS PLAN401(k)
STAFFMARK GROUP, LLC 401(K) PLAN401(k)
Same employer
Similar plansAdministrative & Support Services · Ohio
Fluor-Bwxt Portsmouth LLC OH$277.8M · 0.19%
Rteam Management, Inc. OH$250.8M · 0.00%
Cbc Companies, Inc. OH$169.0M · 0.07%
Health Carousel LLC OH$80.0M · 0.37%
Ironroad, Inc. OH$61.5M · 0.84%

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Source: U.S. Department of Labor, Form 5500 series, EIN 061553489 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.