Plan Snapshot
- Plan Sponsor: Staffpay, INC.
- Sponsor EIN: 330680357
- Sponsor Address: 9851 IRVINE CENTER DRIVE, IRVINE, CA, 92618
- Plan Type: 401(k)
- Total Participants: 3,170
- Total Assets: $66.3M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: Yes
- 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 | 3,170 | $66.3M | $2.3M | $6.8M |
| 2023 | 2,934 | $59.6M | $2.2M | $6.8M |
| 2022 | 2,595 | $58.0M | $2.7M | $7.1M |
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 |
|---|---|---|---|---|
| SLAVIC INTEGRATED ADMINISTRATION | Recordkeeper | $326,634 | — | $326,634 |
| BFSG, LLC | Investment Advisor | $39,316 | — | $39,316 |
| CBIZ CPAS, P.C. | Auditor | $22,764 | — | $22,764 |
| STAFFPAY, INC. | Recordkeeper | $5,216 | — | $5,216 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BFSG, LLC — Investment Advisor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $393,930
- Estimated Expense Ratio: 0.594% 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 | $393,930 | — | $331,850 | — | — |
| 2023 | $366,586 | — | $300,099 | — | — |
| 2022 | $328,445 | $52,831 | $275,614 | — | — |