Paramount Staffing Perm, LLC 401(k) Review & Grade
Paramount Staffing Perm, LLC 401(k) Plan
Northbrook, ILAdministrative, Support & Staffing Services4,848 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$32Employer $ per active participant
$92Employee $ saved per active participant
0.69%Direct admin cost, % of plan assets
$3.2MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity10.5 / 5021th percentile for employer $ per participant
- Low cost2.0 / 258th percentile for low admin cost vs. same-size plans
- Employee saving1.2 / 158th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score17 / 100 · Grade F
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 21th |
| Lower admin cost | 8th |
| Employee saving | 8th |
| Peers that auto-enroll | 22% |
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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
- Paramount Staffing Perm put in about $32 per active participant, below the typical peer ($342). 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.
- Direct plan expenses (0.69% of assets) are well above similar-size plans (0.12%). 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 | $157,494 |
| Participant (employee) contributions | $445,373 |
| Other contributions (incl. rollovers in) | $64,241 |
| Administrative expenses paid from the plan | $21,124 |
| Investment advisory & management fees | $21,124 |
| Benefits paid out | $674,569 |
| Net assets, start / end of year | $2.9M / $3.2M |
| Active participants, start / end of year | 246 / 9,449 |
| Participants with account balances | 159 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Platform Cpa's, LLP |
Largest service providers (Schedule C)
| Transamerica Life Insurance Company | $19,470 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010104525NAL0018273474001, received 2025-10-10, EIN 82-5251827, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.