Riverside Staffing Services, Inc. 401(k) Review & Grade
Riverside Staffing Services, Inc. 401(k) Plan
Kansas City, KSTransportation & Warehousing519 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$251Employer $ per active participant
$950Employee $ saved per active participant
1.34%Direct admin cost, % of plan assets
$3.0MNet plan assets, end of year
$7,972Average balance per account
Score breakdown
- Employer generosity6.0 / 5012th percentile for employer $ per participant
- Low cost0.8 / 253th percentile for low admin cost vs. same-size plans
- Employee saving1.8 / 1512th percentile for employee $ per participant
- Plan features0 / 10No auto-enrollment or default investment reported
Total score9 / 100 · Grade F
This plan vs. peers
Peers: Transportation & Warehousing plans with 500–2,499 active participants (392 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 12th |
| Lower admin cost | 3th |
| Employee saving | 12th |
| Peers that auto-enroll | 37% |
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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
- Riverside Staffing Services put in about $251 per active participant, below the typical peer ($1,070). 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 (1.34% 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 | $130,490 |
| Participant (employee) contributions | $493,293 |
| Other contributions (incl. rollovers in) | $761 |
| Administrative expenses paid from the plan | $38,935 |
| Contract administrator fees | $38,935 |
| Benefits paid out | $873,805 |
| Net assets, start / end of year | $2.8M / $3.0M |
| Active participants, start / end of year | 499 / 539 |
| Participants with account balances | 372 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Trustpoint, LLP |
Largest service providers (Schedule C)
| Equitable Life Insurance Company | $41,730 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251015154221NAL0002571219001, received 2025-10-15, EIN 20-4357804, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.