Plan Ledger DOL Form 5500 · updated monthly

Life Concepts, Inc. D/B/A Quest, Inc.401(k)

QUEST, INC. 401(K) PLAN · ORLANDO, FL · plan year 2024

Reported admin expense ratio · 2024
0.57%

Peer grade: C+ · admin costs + employer contributions vs same-size plans · how grading works

Life Concepts, Inc. D/B/A Quest, Inc. reported $44,267 in plan administrative expenses for 2024: 0.57% of average plan assets, above the peer median. Employer contributions averaged $925 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 2 years on file its reported administrative ratio fell from 0.86% to 0.57%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Florida (1,941st of 3,644), and 6,214th of 11,911 in health care & social assistance. In 2024, employees put in $3.42 for every $1.00 the employer contributed; active participation has grown from 314 to 370 since 2022.

Plan summary
Net assets, end of year$8,585,982
Participants with balances454
Active participants370
Employer contributions$342,193
Employee contributions$1,170,778
Employer contribution per active participant$925
Average account balance$18,912
Benefits paid to participants$717,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$8.6M · 454 accts · $342K emplr
2023$6.8M · 437 accts · $341K emplr
2022$5.4M · 340 accts · $209K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,267
Total administrative$44,267
The Life Concepts, Inc. D/B/A Quest, Inc. 401(k) match · 2024
Employer contribution per active participant$925
Median for plans this size$1,313
2024$925 per active participant
2023$1,002 per active participant
2022$667 per active participant

Life Concepts, Inc. D/B/A Quest, Inc.'s 2024 employer contribution ran below the $1,313 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
FORVIS MAZARS, LLP · Accounting / audit$13,500

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$44,267 · 0.57%
2023$61,587 · 1.01%
2022$48,455 · 0.86%
Same employer
Similar plansHealth Care & Social Assistance · Florida
Housing Partnership, Inc. FL$8.7M · 0.05%
Tmf USA, Inc. FL$8.6M · 0.48%
Papa, Inc. FL$8.6M · 0.29%
Family Central, Inc. FL$8.5M · 0.87%

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Source: U.S. Department of Labor, Form 5500 series, EIN 592013160 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.