Healthcare Support Staffing, LLC 401(k) Review & Grade
Healthcare Support Staffing, LLC 401(k) Profit Sharing Plan and Trust
Maitland, FLProfessional, Scientific & Technical Services1,996 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$2,495Employer $ per active participant
$285Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$10.6MNet plan assets, end of year
$6,190Average balance per account
Score breakdown
- Employer generosity20.7 / 5041th percentile for employer $ per participant
- Low cost13.3 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving0.3 / 152th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-10 pts1 issue reported on the filing
Total score34 / 100 · Grade D
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 41th |
| Lower admin cost | 53th |
| Employee saving | 2th |
| Peers that auto-enroll | 48% |
Get the monthly 401(k) report card
The best and worst plans, new grades as filings post. One email a month, no spam.
Red flags from the filing
Late deposits: the filing says some employee contributions were not sent to the plan on time ($36,019 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
- Healthcare Support Staffing put in about $2,495 per active participant, below the typical peer ($3,082). 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 auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- 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 | $4,981,429 |
| Participant (employee) contributions | $568,295 |
| Other contributions (incl. rollovers in) | $12,982 |
| Administrative expenses paid from the plan | $16,739 |
| Other admin expenses | $108 |
| Benefits paid out | $1,554,872 |
| Net assets, start / end of year | $5.5M / $10.6M |
| Active participants, start / end of year | 2,221 / 1,772 |
| Participants with account balances | 1,711 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Haynie & Company |
Largest service providers (Schedule C)
| Bokf, NA | $8,488 reported compensation |
| Haynie & Company | $8,250 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251022111608NAL0001445633001, received 2025-10-22, EIN 02-0655597, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.