Atlas Medstaff, LLC 401(k) Review & Grade
Atlas Medstaff 401k and PS Plan
Omaha, NEAdministrative, Support & Staffing Services631 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$1,043Employer $ per active participant
$2,726Employee $ saved per active participant
0.46%Direct admin cost, % of plan assets
$17.5MNet plan assets, end of year
$41,265Average balance per account
Score breakdown
- Employer generosity31.4 / 5063th percentile for employer $ per participant
- Low cost6.5 / 2526th percentile for low admin cost vs. same-size plans
- Employee saving9.0 / 1560th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score50 / 100 · Grade C
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 63th |
| Lower admin cost | 26th |
| Employee saving | 60th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Atlas Medstaff put in about $1,043 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Direct plan expenses (0.46% of assets) are well above similar-size plans (0.23%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $658,434 |
| Participant (employee) contributions | $1,719,930 |
| Other contributions (incl. rollovers in) | $444,244 |
| Administrative expenses paid from the plan | $75,641 |
| Contract administrator fees | $75,641 |
| Benefits paid out | $3,278,759 |
| Net assets, start / end of year | $15.7M / $17.5M |
| Active participants, start / end of year | 777 / 485 |
| Participants with account balances | 424 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Lutz & Company, P.C. |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $75,640 reported compensation |
| Creative Planning, Inc. | $20,000 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251013144551NAL0002227392001, received 2025-10-13, EIN 45-4657543, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.