Plan Snapshot
- Plan Sponsor: X3 Staffing, INC.
- Sponsor EIN: 474487183
- Sponsor Address: 1549 WEST 7800 SOUTH, WEST JORDAN, UT, 84088
- Plan Type: 401(k)
- Total Participants: 411
- Total Assets: $4.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 411 | $4.0M | $249,369 | $463,828 |
| 2023 | 421 | $2.8M | $284,778 | $523,931 |
| 2022 | 410 | $1.8M | $207,008 | $357,465 |
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 |
|---|---|---|---|---|
| JOHN HANCOCK LIFE INSURANCE COMP;AN | RECORDKEEPER | $1,550 | $23,830 | $25,380 |
| VALENTINE & CALDWELL CPAS, PC | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- JOHN HANCOCK LIFE INSURANCE COMP;AN — RECORDKEEPER
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $25,380
- Estimated Expense Ratio: 0.636% 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 | $5,281 | — | $1,550 | — | — |
| 2023 | $6,025 | — | $1,775 | — | — |
| 2022 | $3,375 | — | $3,375 | — | — |