Totalmed Staffing, Inc. 401(k) Review & Grade
Totalmed Staffing, Inc. 401(k) Profit Sharing Plan and Trust
Appleton, WIHealth Care & Social Assistance2,781 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$720Employer $ per active participant
$1,784Employee $ saved per active participant
0.58%Direct admin cost, % of plan assets
$37.3MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity24.1 / 5048th percentile for employer $ per participant
- Low cost2.6 / 2510th percentile for low admin cost vs. same-size plans
- Employee saving6.0 / 1540th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score36 / 100 · Grade D
This plan vs. peers
Peers: Health Care & Social Assistance plans with 2,500–9,999 active participants (312 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 48th |
| Lower admin cost | 10th |
| Employee saving | 40th |
| Peers that auto-enroll | 38% |
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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
- Totalmed Staffing put in about $720 per active participant, below the typical peer ($800). 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 (0.58% 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 | $2,001,815 |
| Participant (employee) contributions | $4,962,344 |
| Other contributions (incl. rollovers in) | $923,808 |
| Administrative expenses paid from the plan | $206,879 |
| Investment advisory & management fees | $84,263 |
| Benefits paid out | $6,502,503 |
| Net assets, start / end of year | $34.0M / $37.3M |
| Active participants, start / end of year | 2,445 / 3,117 |
| Participants with account balances | 1,317 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Kemper CPA Group, LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $122,616 reported compensation |
| Creative Planning LLC | $84,263 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251007102916NAL0002581091001, received 2025-10-07, EIN 38-3719307, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.