Xcel Staffing Solutions, LLC 401(k) Review & Grade
Xcel Staffing Solutions, LLC 401(k) Plan
Waukegan, ILAdministrative, Support & Staffing Services836 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$111Employer $ per active participant
$222Employee $ saved per active participant
0.18%Direct admin cost, % of plan assets
$1.1MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.0 / 5020th percentile for employer $ per participant
- Low cost14.5 / 2558th percentile for low admin cost vs. same-size plans
- Employee saving1.7 / 1511th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score29 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 20th |
| Lower admin cost | 58th |
| Employee saving | 11th |
| Peers that auto-enroll | 27% |
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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
- Xcel Staffing Solutions put in about $111 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 | $92,646 |
| Participant (employee) contributions | $185,573 |
| Other contributions (incl. rollovers in) | $0 |
| Administrative expenses paid from the plan | $1,619 |
| Benefits paid out | $28,160 |
| Net assets, start / end of year | $738,468 / $1.1M |
| Active participants, start / end of year | 742 / 931 |
| Participants with account balances | 40 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20250929124439NAL0011295377001, received 2025-09-29, EIN 46-1284316, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.