Plan Ledger DOL Form 5500 · updated monthly

Strategic Staffing Solutions, Inc.401(k)

STRATEGIC STAFFING SOLUTIONS, INC. 401(K) RETIREMENT PLAN · DETROIT, MI · plan year 2023

Reported admin expense ratio · 2023
0.40%

Strategic Staffing Solutions, Inc. reported $116,448 in plan administrative expenses for 2023: 0.40% of average plan assets, above the peer median. 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 0.36% to 0.40%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other professional & technical services employers. By assets it is the 743rd-largest of 2,619 plans among Michigan employers on file, and the 3,950th of 11,654 in professional & technical services.

Plan summary
Net assets, end of year$32,078,913
Participants with balances493
Active participants1,607
Employer contributions—
Employee contributions$3,653,726
Employer contribution per active participant—
Average account balance$65,069
Benefits paid to participants$4,151,061
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$32.1M · 493 accts
2022$26.7M · 508 accts
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 · 20233
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$128,696
MORNINGSTAR INVESTMENT MANAGEMENT · Investment advisory (participants)indirect comp
WILSHIRE ADVISORS LLC · Investment advisory (plan)indirect comp

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$116,448 · 0.40%
2022$111,702 · 0.36%
Similar plansProfessional & Technical Services · Michigan
Superior Controls,Inc. MI$34.6M · 0.08%
Nth Consultants LTD MI$33.9M · 0.16%
3-DIMENSIONAL Services Inc. MI$32.5M · 0.44%
Alten Technology USA, Inc. MI$32.0M · 0.26%
Pea Group MI$31.5M · 0.40%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382947621 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.