Plan Ledger DOL Form 5500 · updated monthly

Q.N.P. Inc.401(k)

Q.N.P. INC. 401K PLAN · WORTHINGTON, OH · plan year 2023

Reported admin expense ratio · 2023
0.76%

Q.N.P. Inc. reported $48,939 in plan administrative expenses for 2023: 0.76% of average plan assets, above the peer median. 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 rose from 0.70% to 0.83%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other retail trade employers. By assets it is among the smaller plans on file in Ohio (2,347th of 3,295), and 3,348th of 5,215 in retail trade.

Plan summary
Net assets, end of year$6,608,495
Participants with balances119
Active participants315
Employer contributions—
Employee contributions$575,678
Employer contribution per active participant—
Average account balance$55,534
Benefits paid to participants$1,105,551
Plan auditUnmodified (clean) audit opinion
AuditorBRADY WARE & SCHOENFELD INC
Plan history3
Yearassets · accounts · employer contribution
2024$6.1M · 83 accts
2023$6.6M · 119 accts
2022$6.2M · 132 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$17,159
Investment management$20,780
Audit (IQPA)$11,000
Total administrative$48,939
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ONEDIGITAL INVESTMENT ADVISORS · Investment advisory (plan)$20,780
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$16,806
BRADY, WARE & SCHOENFELD · Accounting / audit$10,996

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$52,857 · 0.83%
2023$48,939 · 0.76%
2022$45,597 · 0.70%
Same employer
Similar plansRetail Trade · Ohio
Robert McCabe Company Inc OH$6.7M · 0.53%
J.B.K. Group, Inc. OH$6.6M · 0.45%
Woodpeckers LLC OH$6.5M · 0.62%
Park Auto South, Inc. OH$5.4M · 0.68%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 310789829 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.