Mustwin351, I'm going to say it can't work like that. The stop float switch should only drop out, and open the stop relay contacts, when pumping down. It should only be de-energized when the sump is pumped down to lowest allowable level. As water rises, run float makes and pulls in run relay. Run relay establishes holding circuit, in addition to pulling in pump contactor, and continues to stay energized even though run float breaks as water level goes down. Run relay only drops out when stop relay (and float) drop out.
I'd re-makeup all the wire nut connections. Frankly I'm not crazy about seeing them there at all. You have a double pole breaker and contactor so you could run the neutral through them if desired. Next, I'd replace the "ice cube relays", assuming they aren't soldered in, with ones that have built-in LEDS so you know when they are energized.
I'd prefer to do away with the PCB and add a control transformer to make floats and relays 24 VAC. You can also add a double pole phase monitor that will set up high level alarm in a "loss of power" condition. Ideally that would go to a building annunciation panel.
In short you can make this much more reliable. Not sure if that is particularly important. Roto float makes a superior float switch (type S). The Grainger ones are garbage.