Retirement plan

RANDSTAD NORTH AMERICA 401(K) PLAN

Name: RANDSTAD NORTH AMERICA - RANDSTAD NORTH AMERICA 401(K) PLAN (2023) Form 5500
Creator: RANDSTAD NORTH AMERICA
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, RANDSTAD NORTH AMERICA 401(K) PLAN, RANDSTAD NORTH AMERICA

RANDSTAD NORTH AMERICAEIN 58-2426357Plan #002PY 2023

ONE OVERTON PARK 3625 CUMBERLAND, BOULEVARD, SUITE 600 - ATLANTA, GA 30339770-937-4683LinkedIn10001+ employees

Prospect flagsLow participationLow employer contributionLow participant contribution

How to read this page

Total assets (EOY)

$621.5M

-15.7% from 2019

Total participants

81,854

-1.1% from 2019

Average account balance

$57,048

-19.8% from 2019

Annual return

22.59%

-24.41 pp from 2019

Benchmarks

See 1,196 peers

Peer group

Industryany (size+type match)

Plan typeDefined contribution

Participants>=10,000

Cohort1,196 peers

Snapshot2023

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$674.29M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$64K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

10,511

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

5.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$36.23M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$430

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.29%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$86

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 6 by compensation

Provider	Service type	Compensation
MILLIMAN, INC.5 years Service code 15 · EIN 91-0675641	Recordkeeping	$732,692
IRA GROUP4 years Filed as: IRA GROUP, INC. Service code 27 · EIN 58-1989031	Advisory (Plan)	$49,000
SMITH, GAMBRELL & RUSSELL, LLP3 years Filed as: SMITH, GAMBRELL & RUSSELL, LL Service code 17 · EIN 58-0967450	Pension Consulting	$36,956
FRAZIER & DEETER, LLC3 years Service code 10 · EIN 58-1433845	Accounting	$20,000
CHARLES SCHWAB & CO., INC.4 years Filed as: CHARLES SCHWAB TRUST BANK Service code 19 · EIN 82-3967259	Securities Custodian	$75
CHARLES SCHWAB & CO., INC.5 years Service code 19 · EIN 94-1737782	Securities Custodian	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$840K

$11 / participant

Investment mgmt$49K5.8%
Legal$37K4.4%
Contract admin$733K87.3%
Other / not subdivided$21K2.5%

% of EOY assets

0.135%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: FRAZIER DEETER
Auditor EIN: 581433845
Audit fees: $20,000
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,048

$96,393-40.8%

$169,381-66.3%

$96,393-40.8%

Participation rate

6.5%

71.3%-64.8pp

77.2%-70.7pp

71.3%-64.8pp

Annual return

22.59%

22.88%-0.3pp

406.41%-383.8pp

22.88%-0.3pp

Employer contribution / active EE

$49

$3,239-98.5%

$4,013-98.8%

$3,239-98.5%

Participant deferral / active EE

$448

$5,455-91.8%

$6,224-92.8%

$5,455-91.8%

Admin fee / account holder

$77

$74+4.3%

$9,013-99.1%

$74+4.3%

Provider

Service type

Compensation

MILLIMAN, INC.5 years

Service code 15 · EIN 91-0675641

Recordkeeping

$732,692

IRA GROUP4 years

Filed as: IRA GROUP, INC.

Service code 27 · EIN 58-1989031

Advisory (Plan)

$49,000

SMITH, GAMBRELL & RUSSELL, LLP3 years

Filed as: SMITH, GAMBRELL & RUSSELL, LL

Service code 17 · EIN 58-0967450

Pension Consulting

$36,956

FRAZIER & DEETER, LLC3 years

Service code 10 · EIN 58-1433845

Accounting

$20,000

CHARLES SCHWAB & CO., INC.4 years

Filed as: CHARLES SCHWAB TRUST BANK

Service code 19 · EIN 82-3967259

Securities Custodian

$75

CHARLES SCHWAB & CO., INC.5 years

Service code 19 · EIN 94-1737782

Securities Custodian

RANDSTAD NORTH AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

RANDSTAD NORTH AMERICA 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion