Onestaff Medical, LLC 401(k) Review & Grade
Onestaff Medical, LLC 401(k) Plan
Omaha, NEAdministrative, Support & Staffing Services756 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$764Employer $ per active participant
$1,942Employee $ saved per active participant
1.58%Direct admin cost, % of plan assets
$11.7MNet plan assets, end of year
$27,618Average balance per account
Score breakdown
- Employer generosity26.8 / 5054th percentile for employer $ per participant
- Low cost0.6 / 252th percentile for low admin cost vs. same-size plans
- Employee saving7.8 / 1552th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score38 / 100 · Grade D
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 54th |
| Lower admin cost | 2th |
| Employee saving | 52th |
| 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
- Onestaff Medical put in about $764 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 (1.58% 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 | $577,760 |
| Participant (employee) contributions | $1,469,350 |
| Other contributions (incl. rollovers in) | $335,402 |
| Administrative expenses paid from the plan | $169,533 |
| Contract administrator fees | $120,676 |
| Investment advisory & management fees | $4,576 |
| Other admin expenses | $44,281 |
| Benefits paid out | $1,696,066 |
| Net assets, start / end of year | $9.7M / $11.7M |
| Active participants, start / end of year | 401 / 1,112 |
| Participants with account balances | 425 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Eide Bailly LLP |
Largest service providers (Schedule C)
| Voya Retirement Ins. & Annuity Co. | $169,533 reported compensation |
| Erisa Services Midwest, LLC. | $9,104 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251202110246NAL0006069955001, received 2025-12-02, EIN 27-2124682, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.