Gregory Evan, Inc. D/B/A Staffing Alternatives 401(k) Review & Grade
Staffing Alternatives 401(k) Plan
North Brunswick, NJProfessional, Scientific & Technical Services23,822 active participantsPlan year 2024
Estimate from the plan's Form 5500-SF filing · How we grade
$10Employer $ per active participant
$16Employee $ saved per active participant
0.05%Direct admin cost, % of plan assets
$6.5MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity1.4 / 503th percentile for employer $ per participant
- Low cost17.2 / 2569th percentile for low admin cost vs. same-size plans
- Employee saving0.2 / 151th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score12 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 10,000+ active participants (70 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 3th |
| Lower admin cost | 69th |
| Employee saving | 1th |
| Peers that auto-enroll | 39% |
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Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($37,079 reported). That's money taken from paychecks that sat with the employer longer than the law allows.
What to do if you're in this plan
- Gregory Evan, Inc. D/B/A Staffing Alternatives put in about $10 per active participant, below the typical peer ($2,932). Any match is still an instant return, so contribute enough to get all of it.
- 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.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan reported late deposits of employee contributions. Compare your pay stubs with your account statements, and contact the plan administrator if money shows up late.
- 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 | $227,213 |
| Participant (employee) contributions | $391,527 |
| Other contributions (incl. rollovers in) | – |
| Administrative expenses paid from the plan | $3,193 |
| Benefits paid out | $46,857 |
| Net assets, start / end of year | $5.4M / $6.5M |
| Active participants, start / end of year | 22,389 / 25,254 |
| Participants with account balances | 65 |
| Auto-enrollment (feature code 2S) | Not reported |
Source: DOL EFAST2 Form 5500-SF filing, acknowledgment ID 20260513105052NAL0007481553001, received 2026-05-13, EIN 22-3319119, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.