Plan Ledger DOL Form 5500 · updated monthly

Qc Financial Services, Inc.401(k)

QC FINANCIAL SERVICES 401(K) RETIREMENT PLAN · LENEXA, KS · plan year 2024

Reported admin expense ratio · 2024
0.58%

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

Qc Financial Services, Inc. reported $98,719 in plan administrative expenses for 2024: 0.58% of average plan assets, higher than ~75% of peers. Employer contributions averaged $282 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 0.61% to 0.58%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 329th-largest of 828 plans among Kansas employers on file, and 3,241st of 4,798 in finance & insurance. In 2024, employees put in $5.07 for every $1.00 the employer contributed; active participation has grown from 443 to 698 since 2022.

Plan summary
Net assets, end of year$17,869,581
Participants with balances350
Active participants698
Employer contributions$196,601
Employee contributions$996,488
Employer contribution per active participant$282
Average account balance$51,056
Benefits paid to participants$1,304,164
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$17.9M · 350 accts · $197K emplr
2023$16.1M · 330 accts · $194K emplr
2022$11.7M · 240 accts · $90K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$60,855
Investment management$37,864
Total administrative$98,719
The Qc Financial Services, Inc. 401(k) match · 2024
Employer contribution per active participant$282
Median for plans this size$2,416
2024$282 per active participant
2023$287 per active participant
2022$203 per active participant

Qc Financial Services, 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 · 20244
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$47,247
RESOURCES INVESTMENT ADVISORS, LLC · Investment advisory (participants) · Investment advisory (plan)$37,854
ERP NATIONAL LLC · Contract administrator · Other services$13,608
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect 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$98,719 · 0.58%
2023$89,214 · 0.64%
2022$80,159 · 0.61%
Similar plansFinance & Insurance · Kansas
Landmark Bancorp, Inc. KS$22.7M · 0.29%
Mazuma Credit Union KS$22.5M · 0.41%
Whitcorp Financial Company KS$17.9M · 0.01%
Farmers Bank & Trust KS$16.8M · 0.09%
Modern Wealth Business, LLC KS$16.5M · 0.11%

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Source: U.S. Department of Labor, Form 5500 series, EIN 431326315 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.