Staffmark Group, LLC 401(k) Review & Grade
Staffmark Group, LLC 401(k) Plan
Cincinnati, OHAdministrative, Support & Staffing Services1,933 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$438Employer $ per active participant
$3,683Employee $ saved per active participant
0.31%Direct admin cost, % of plan assets
$144.1MNet plan assets, end of year
$27,405Average balance per account
Score breakdown
- Employer generosity20.5 / 5041th percentile for employer $ per participant
- Low cost9.9 / 2540th 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-3 pts1 issue reported on the filing
Total score41 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 40th |
| Employee saving | 69th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $716 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Staffmark Group put in about $438 per active participant, below the typical peer ($712). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- 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 | $846,878 |
| Participant (employee) contributions | $7,119,077 |
| Other contributions (incl. rollovers in) | $1,358,205 |
| Administrative expenses paid from the plan | $450,383 |
| Investment advisory & management fees | $135,377 |
| Other admin expenses | $32,089 |
| Benefits paid out | $21,912,543 |
| Net assets, start / end of year | $149.1M / $144.1M |
| Active participants, start / end of year | 1,933 / 1,933 |
| Participants with account balances | 5,259 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen, LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $207,531 reported compensation |
| Raymond James & Associates Inc | $91,423 reported compensation |
| BKD LLP | $75,386 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250903142844NAL0026070240001, received 2025-09-03, EIN 06-1553489, plan #002, plan year 2024-04-01 to 2025-03-31. Verify at efast.dol.gov.