Plan Ledger DOL Form 5500 · updated monthly

Vital Nurse Staffing, LLC dba Core Staffing401(k)

CORE STAFFING/VITAL TECH SOLUTIONS 401(K) PLAN · FRANKENMUTH, MI · plan year 2023

Reported admin expense ratio · 2023
0.20%

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

Vital Nurse Staffing, LLC dba Core Staffing reported $3,637 in plan administrative expenses for 2023: 0.20% of average plan assets, below the peer median. Employer contributions averaged $1,044 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 fell from 0.30% to 0.20%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Michigan (2,323rd of 2,619), and 1,869th of 2,534 in administrative & support services. In 2023, employees put in $2.20 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$2,351,101
Participants with balances132
Active participants199
Employer contributions$207,673
Employee contributions$456,037
Employer contribution per active participant$1,044
Average account balance$17,811
Benefits paid to participants$119,712
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2023$2.4M · 132 accts · $208K emplr
2022$1.3M · 114 accts · $219K emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$3,637
Total administrative$3,637
The Vital Nurse Staffing, LLC dba Core Staffing 401(k) match · 2023
Employer contribution per active participant$1,044
Median for plans this size$1,308
2023$1,044 per active participant
2022$731 per active participant

Vital Nurse Staffing, LLC dba Core Staffing's 2023 employer contribution ran below the $1,308 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.

Administrative cost history2
2023$3,637 · 0.20%
2022$2,927 · 0.30%
Similar plansAdministrative & Support Services · Michigan
Tpg Holdings, LLC MI$2.4M · 0.57%
Otterbase, Inc. MI$2.1M · 0.04%
Diag Partners MI$1.9M · 0.52%

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Source: U.S. Department of Labor, Form 5500 series, EIN 870809189 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.