Sterling StaffingProfit-sharing plan
STERLING STAFFING · BROOKLYN, NY · plan year 2024
Peer grade: B+ · admin costs + employer contributions vs same-size plans · how grading works
Sterling Staffing reported $9,178 in plan administrative expenses for 2024: 1.12% of average plan assets, above the peer median. Employer contributions averaged $2,588 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 2.56% to 1.12%. The plan sits in the under $1M size bracket, benchmarked here against 1,109 comparable plans and shown alongside other information & media employers. By assets it is among the smaller plans on file in New York (5,284th of 5,648), and 2,137th of 2,199 in information & media. active participation has grown from 148 to 384 since 2022.
Sterling Staffing's 2024 employer contribution ran above the $540 median for plans its size, placing it in the top 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.
Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.
Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.
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Source: U.S. Department of Labor, Form 5500 series, EIN 279439911 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.