Plan Ledger DOL Form 5500 · updated monthly

Qas Management LLC401(k)

QAS MANAGEMENT LLC 401(K) PSP & TRUST · CHARLOTTE, NC · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Qas Management LLC reported $6,749 in plan administrative expenses for 2024: 0.18% of average plan assets, lower than ~75% of peers. Employer contributions averaged $237 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 1.48% to 0.18%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other other services employers. By assets it is among the smaller plans on file in North Carolina (1,506th of 2,005), and 2,400th of 3,341 in other services. In 2024, employees put in $1.60 for every $1.00 the employer contributed; active participation has grown from 568 to 1,509 since 2022.

Plan summary
Net assets, end of year$4,427,358
Participants with balances264
Active participants1,509
Employer contributions$357,300
Employee contributions$570,913
Employer contribution per active participant$237
Average account balance$16,770
Benefits paid to participants$421,915
Plan auditUnmodified (clean) audit opinion
AuditorELLIOT GROUP CPAS PLLC
Plan history3
Yearassets · accounts · employer contribution
2024$4.4M · 264 accts · $357K emplr
2023$3.2M · 208 accts · $277K emplr
2022$2.3M · 187 accts · $257K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$5,100
Investment management$499
Total administrative$6,749
The Qas Management LLC 401(k) match · 2024
Employer contribution per active participant$237
Median for plans this size$1,313
2024$237 per active participant
2023$236 per active participant
2022$453 per active participant

Qas Management LLC's 2024 employer contribution ran below the $1,313 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 · 20241
PROVIDENCE CAPITAL ADVISORS, LLCindirect comp

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$6,749 · 0.18%
2023$5,515 · 0.20%
2022$35,309 · 1.48%
Same employer
Similar plansOther Services · North Carolina
Sams Holdings, LLC NC$4.2M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453986223 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.