Plan Snapshot
- Plan Sponsor: Staffmark Group, LLC
- Sponsor EIN: 061553489
- Sponsor Address: 191 ROSA PARKS STREET, FLOOR 10, CINCINNATI, OH, 45202
- Plan Type: 401(k)
- Plan Number: 002
- Total Participants: 1,933
- Total Assets: $144.1M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 1,933 | $144.1M | $846,878 | $7.1M |
| 2023 | 1,933 | $149.1M | $831,767 | $7.3M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $207,531 | — | $207,531 |
| RAYMOND JAMES & ASSOCIATES INC | Investment Advisor | $91,423 | — | $91,423 |
| BKD LLP | Auditor | $75,386 | — | $75,386 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $43,954 | — | $43,954 |
| WEISER LLP | Other Service Provider | $27,508 | — | $27,508 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $445,802
- Estimated Expense Ratio: 0.309% 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 | $450,383 | $135,377 | — | $75,386 | — |
| 2023 | $346,408 | $78,796 | $1,848 | — | — |