Favorite Healthcare Staffing LLC 401(k) Review & Grade
Favorite Healthcare Staffing 401(k) Plan
Overland Park, KSAdministrative, Support & Staffing Services2,683 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$597Employer $ per active participant
$1,519Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$38.6MNet plan assets, end of year
$17,554Average balance per account
Score breakdown
- Employer generosity30.2 / 5060th percentile for employer $ per participant
- Low cost3.6 / 2514th percentile for low admin cost vs. same-size plans
- Employee saving8.1 / 1554th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score45 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 60th |
| Lower admin cost | 14th |
| Employee saving | 54th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Favorite Healthcare Staffing put in about $597 per active participant, more than the typical peer ($342). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $1,601,940 |
| Participant (employee) contributions | $4,075,382 |
| Other contributions (incl. rollovers in) | $1,419,979 |
| Administrative expenses paid from the plan | $165,940 |
| Investment advisory & management fees | $49,409 |
| Benefits paid out | $8,035,425 |
| Net assets, start / end of year | $34.1M / $38.6M |
| Active participants, start / end of year | 3,261 / 2,105 |
| Participants with account balances | 2,197 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Pickett, Chaney & Mcmullen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $116,531 reported compensation |
| Onedigital Investment Advisors LLC | $38,736 reported compensation |
| TFB Advisors, LLC | $10,673 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015160838NAL0006714160001, received 2025-10-15, EIN 48-0985059, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.