Terra Staffing Group 401(k) Review & Grade
Terra Staffing Group 401(k) Plan
Everett, WAAdministrative, Support & Staffing Services1,052 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$357Employer $ per active participant
$830Employee $ saved per active participant
0.15%Direct admin cost, % of plan assets
$7.9MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity18.8 / 5038th percentile for employer $ per participant
- Low cost15.9 / 2564th percentile for low admin cost vs. same-size plans
- Employee saving4.2 / 1528th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score32 / 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 | 38th |
| Lower admin cost | 64th |
| Employee saving | 28th |
| Peers that auto-enroll | 27% |
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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 ($11,088 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Terra Staffing Group put in about $357 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.
- 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 | $375,072 |
| Participant (employee) contributions | $872,807 |
| Other contributions (incl. rollovers in) | $6,403 |
| Administrative expenses paid from the plan | $10,225 |
| Investment advisory & management fees | $5,524 |
| Benefits paid out | $351,329 |
| Net assets, start / end of year | $6.1M / $7.9M |
| Active participants, start / end of year | 627 / 1,476 |
| Participants with account balances | 161 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cbiz Cpas PC |
Largest service providers (Schedule C)
| Horizon Wealth Management, LLC | $5,524 reported compensation |
| Adp, Inc. | $4,701 reported compensation |
| Adp Broker-Dealer | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251011050952NAL0004619283001, received 2025-10-11, EIN 91-1382999, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.