Plan Ledger DOL Form 5500 · updated monthly

Q.E.P. Co., Inc.401(k)

THE Q.E.P. CO., INC. 401(K) PLAN · BOCA RATON, FL · plan year 2024

Reported admin expense ratio · 2024
0.32%

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

Q.E.P. Co., Inc. reported $67,664 in plan administrative expenses for 2024: 0.32% of average plan assets, above the peer median. Employer contributions averaged $855 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 3 years on file its reported administrative ratio has held roughly steady near 0.32%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 1,050th-largest of 3,644 plans among Florida employers on file, and the 1,759th of 4,246 in wholesale trade. In 2024, employees put in $5.89 for every $1.00 the employer contributed; active participation has shrunk from 404 to 269 since 2022.

Plan summary
Net assets, end of year$21,906,973
Participants with balances333
Active participants269
Employer contributions$229,888
Employee contributions$1,353,455
Employer contribution per active participant$855
Average account balance$65,787
Benefits paid to participants$3,992,526
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$21.9M · 333 accts · $230K emplr
2023$21.0M · 360 accts · $273K emplr
2022$19.9M · 453 accts · $257K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$28,962
Investment management$38,702
Total administrative$67,664
The Q.E.P. Co., Inc. 401(k) match · 2024
Employer contribution per active participant$855
Median for plans this size$2,416
2024$855 per active participant
2023$1,096 per active participant
2022$636 per active participant

Q.E.P. Co., Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size, in the bottom quarter of its peers. 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
MERCER (US) INC MERCER INVESTMENTS · Investment advisory (plan)$38,702

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$67,664 · 0.32%
2023$32,544 · 0.16%
2022$68,004 · 0.30%
Same employer
Similar plansWholesale Trade · Florida
Chadwell Supply, Inc. FL$24.1M · 1.01%
Jazwares, LLC FL$22.1M · 0.65%
Aqua Lung FL$21.5M · 0.23%
Helm America Corporation FL$21.5M · 0.12%
Micro Matic USA, Inc. FL$21.0M · 0.36%
City Beverages, LLC FL$20.5M · 0.39%

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Source: U.S. Department of Labor, Form 5500 series, EIN 132983807 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.