Plan Snapshot
- Plan Sponsor: Onin Staffing, LLC
- Sponsor EIN: 631180986
- Sponsor Address: ONE PERIMETER PARK SOUTH, 450N, BIRMINGHAM, AL, 35243
- Plan Type: 401(k)
- Total Participants: 782
- Total Assets: $9.2M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 782 | $9.2M | $609,267 | $972,439 |
| 2023 | 777 | $8.0M | $598,841 | $994,446 |
| 2022 | 738 | $6.2M | $617,433 | $952,057 |
| 2020 | 361 | $4.9M | $0 | $0 |
| 2019 | 374 | $4.0M | $0 | $0 |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| VOYA RETIREMENT INSURANCE & ANNUITY | SERVICE PROVIDER | $92,376 | $557 | $92,933 |
| ONEASCENT FINANCIAL SERVICES LLC | SERVICE PROVIDER | — | $34,041 | $34,041 |
| MORSE & CO, PLLC. | Auditor | — | — | $0 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $126,974
- Estimated Expense Ratio: 1.386% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $97,594 | $5,101 | $87,643 | — | — |
| 2023 | $75,977 | $3,902 | $67,525 | — | — |
| 2022 | $62,838 | — | — | — | — |
| 2020 | $7,576 | — | $7,576 | — | — |
| 2019 | $5,945 | — | $5,945 | — | — |