Plan Ledger DOL Form 5500 · updated monthly

Trustaff Management, Inc.401(k)

TRUSTAFF MANAGEMENT INC. 401(K) PROFIT SHARING PLAN AND TRUST · CINCINNATI, OH · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Trustaff Management, Inc. reported $162,211 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $821 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 1.27% to 0.52%. 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 927th-largest of 3,295 plans among Ohio employers on file, and the 434th of 2,534 in administrative & support services. In 2024, employees put in $2.84 for every $1.00 the employer contributed; active participation has shrunk from 4,451 to 1,980 since 2022.

Plan summary
Net assets, end of year$32,058,495
Participants with balances1,547
Active participants1,980
Employer contributions$1,625,554
Employee contributions$4,612,879
Employer contribution per active participant$821
Average account balance$20,723
Benefits paid to participants$8,540,690
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$32.1M · 1,547 accts · $1.6M emplr
2023$30.5M · 1,751 accts · $2.2M emplr
2022$23.1M · 2,077 accts · $2.5M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$153,936
Investment management$8,275
Total administrative$162,211
The Trustaff Management, Inc. 401(k) match · 2024
Employer contribution per active participant$821
Median for plans this size$2,416
2024$821 per active participant
2023$929 per active participant
2022$565 per active participant

Trustaff Management, Inc.'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 · 20241
ADP, INC. · Recordkeeping · Investment advisory (participants)$158,643

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

Recordkeeper by year2
2024ADP
2023ADP

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$162,211 · 0.52%
2023$211,076 · 0.79%
2022$251,206 · 1.27%
Similar plansAdministrative & Support Services · Ohio
Lca Vision, Inc. OH$39.1M · 0.24%
Vns Federal Services, LLC OH$34.1M · 0.22%
Divisions, Inc. OH$30.4M · 0.35%
Oriana House, Inc. OH$24.5M · 0.47%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 203003728 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.