Plan Ledger DOL Form 5500 · updated monthly

Workforce Essentials, Inc.403(b)

WORKFORCE ESSENTIALS, INC. TSA RETIREMENT PLAN · CLARKSVILLE, TN · plan year 2022

Reported admin expense ratio · 2022
0.55%

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

Workforce Essentials, Inc. reported $24,682 in plan administrative expenses for 2022: 0.55% of average plan assets, above the peer median. Employer contributions averaged $477 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 rose from 0.55% to 0.67%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in Tennessee (1,095th of 1,496), and 9,923rd of 11,654 in professional & technical services. In 2022, employees put in $2.02 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$4,683,140
Participants with balances129
Active participants167
Employer contributions$79,629
Employee contributions$160,754
Employer contribution per active participant$477
Average account balance$36,303
Benefits paid to participants$238,831
Plan auditUnmodified (clean) audit opinion
AuditorSKIBBIE CPA INC.
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 110 accts · $81K emplr
2023$4.1M · 127 accts · $68K emplr
2022$4.7M · 129 accts · $80K emplr
Administrative expenses, itemized · 2022
Recordkeeping & contract admin$24,682
Total administrative$24,682
The Workforce Essentials, Inc. 401(k) match · 2022
Employer contribution per active participant$477
Median for plans this size$1,114
2024$513 per active participant
2023$381 per active participant
2022$477 per active participant

Workforce Essentials, Inc.'s 2022 employer contribution ran below the $1,114 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$29,239 · 0.67%
2023$23,412 · 0.53%
2022$24,682 · 0.55%
Similar plansProfessional & Technical Services · Tennessee
Principle USA, Inc. TN$5.4M · 0.38%
Freightwise, LLC TN$5.3M · 0.54%
Med Communications, Inc. TN$5.1M · 0.76%
Skuid, Inc. TN$5.0M · 0.23%
Rayner LLC TN$4.6M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 621498440 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.