Staffmark Holdings, Inc. 401(k) Plan: Login, Facts & Contact Information

Staffmark Holdings, Inc. 401(k) Plan Facts

Plan name
STAFFMARK GROUP, LLC 401(K) PLAN
Plan type
401(k) with employer contributions and profit sharing
Plan sponsor
STAFFMARK GROUP, LLC
Participants
5,535 (1,933 active employees)
Former employees with a balance
3,433
Plan assets
$130,153,503 at Mar 31, 2023
Average account balance
$24,255 across 5,366 accounts
Employer contributions
$1,268 in plan year 2023 (0% of all contributions)
Recordkeeper
Empower Annuity Insurance Company O
Plan year
Jan 1, 2023 – Mar 31, 2023
Plan established
Jan 1, 2023
✓ Employer contributions— Automatic enrollment✓ Default investment for undecided participants✓ Participants choose their own investments— Self-directed brokerage window✓ Profit sharing— Company stock (ESOP)

Source: Form 5500 for plan year 2023 (Jan 1, 2023 – Mar 31, 2023), filed Feb 5, 2024. Public filing with the U.S. Department of Labor.

Money in and out in plan year 2023

  • $2.42 million went into the plan in contributions, $1,268 of it from the employer (0%).
  • $4.62 million was paid out to participants.
  • Investment and other income added $6.72 million.
  • Administrative expenses were $82,239, about $15 per account.

How the Staffmark Holdings, Inc. 401(k) changed, 2018–2023

Plan yearParticipantsPlan assetsEmployer contributionsBenefits paid
2018104,730$51.8 million$1.00 million$6.39 million
2019102,203$62.7 million$975,812$5.59 million
2020102,203$70.3 million$1.06 million$8.15 million
2021102,203$79.0 million$1.42 million$8.89 million
2022102,319$143.7 million$1.56 million$22.7 million
20235,535$130.2 million$1,268$4.62 million

Staffmark Holdings, Inc. 401(k) Contact Information

Phone
513-852-4718
Mailing address
201 EAST FOURTH STREET STE 800, CINCINNATI OH 45202
Plan sponsor
STAFFMARK GROUP, LLC
Employer identification number (EIN)
06-1553489
Plan number
001

Questions about the Staffmark Holdings, Inc. 401(k)

Does Staffmark Holdings, Inc contribute to the 401(k)?

Yes. The plan reports an employer contribution arrangement. In plan year 2023 the employer contributed $1,268, 0% of all contributions.

Does the Staffmark Holdings, Inc 401(k) have automatic enrollment?

No. The plan does not report automatic enrollment; employees enroll themselves.

How many people are in the Staffmark Holdings, Inc 401(k) plan?

5,535 participants at the start of plan year 2023, 1,933 of them active employees, and 3,433 former employees who still had money in the plan.

What is the average 401(k) balance at Staffmark Holdings, Inc?

About $24,255 per account: $130.2 million in plan assets across 5,366 accounts with a balance at the end of plan year 2023.

Who manages the Staffmark Holdings, Inc 401(k) accounts?

Empower (listed on the filing as EMPOWER ANNUITY INSURANCE COMPANY O) is the plan's recordkeeper, which is where participants log in to see their balance.

I no longer work at Staffmark Holdings, Inc. How do I access my 401(k)?

Your account stays with Empower after you leave, so you can log in with the same credentials. If your balance was small, the plan may have rolled it into an IRA in your name. If you can't find it, Beagle can locate it for you.

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