Fusion Medical Staffing LLC 401(k) Review & Grade
Fusion Medical Staffing LLC 401(k) Plan
Elkhorn, NEAdministrative, Support & Staffing Services3,564 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,306Employer $ per active participant
$2,731Employee $ saved per active participant
0.81%Direct admin cost, % of plan assets
$77.5MNet plan assets, end of year
$33,485Average balance per account
Score breakdown
- Employer generosity38.7 / 5077th percentile for employer $ per participant
- Low cost1.6 / 256th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-13 pts2 issues reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 77th |
| Lower admin cost | 6th |
| Employee saving | 69th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($21,404 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
Corrective distributions: the plan refunded $3,213 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Fusion Medical Staffing put in about $1,306 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 (0.81% 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.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $4,653,742 |
| Participant (employee) contributions | $9,732,883 |
| Other contributions (incl. rollovers in) | $1,931,058 |
| Administrative expenses paid from the plan | $601,402 |
| Contract administrator fees | $70,031 |
| Investment advisory & management fees | $160,307 |
| Benefits paid out | $19,605,011 |
| Net assets, start / end of year | $70.6M / $77.5M |
| Active participants, start / end of year | 3,956 / 3,173 |
| Participants with account balances | 2,314 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lutz |
Largest service providers (Schedule C)
| Empower Annuity Insurance Co of Am | $371,064 reported compensation |
| Empower Advisory Group LLC | $101,616 reported compensation |
| Principal Life Insurance Company | $70,031 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013095403NAL0000459699001, received 2025-10-13, EIN 27-1600705, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.