Plan Snapshot
- Plan Sponsor: Staffmark Group, LLC
- Sponsor EIN: 061553489
- Sponsor Address: 201 EAST FOURTH STREET STE 800, CINCINNATI, OH, 45202
- Plan Type: 401(k)
- Total Participants: 1,933
- Total Assets: $130.2M
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. |
|---|---|---|---|---|
| 2023 | 1,933 | $130.2M | $1,268 | $2.1M |
| 2022 | 100,926 | $143.7M | $1.6M | $8.6M |
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 | $352,303 | — | $352,303 |
| THE HOWARD E NYHART CO INC | Other Service Provider | $45,010 | — | $45,010 |
| RAYMOND JAMES & ASSOCIATES INC | Other Service Provider | $45,000 | — | $45,000 |
| SAMET & COMPANY PC | Auditor | $33,000 | — | $33,000 |
| SCHWAB RETIREMENT PLAN SERVICES INC | Other Service Provider | $32,000 | — | $32,000 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $19,371 | — | $19,371 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $526,684
- Estimated Expense Ratio: 0.405% 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 |
|---|---|---|---|---|---|
| 2023 | $82,239 | $7,081 | $11,250 | — | — |
| 2022 | $526,878 | — | $526,878 | — | — |