Plan Ledger DOL Form 5500 · updated monthly

Qchc Management Services401(k)

QCHC MANAGEMENT SERVICES 401(K) PROFIT SHARING PLAN & TRUST · BIRMINGHAM, AL · plan year 2024

Reported admin expense ratio · 2024
0.93%

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

Qchc Management Services reported $32,806 in plan administrative expenses for 2024: 0.93% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,048 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 rose from 0.84% to 0.93%. 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 Alabama (690th of 902), and 8,682nd of 11,911 in health care & social assistance. In 2024, employees put in $1.80 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,811,878
Participants with balances159
Active participants282
Employer contributions$295,556
Employee contributions$531,555
Employer contribution per active participant$1,048
Average account balance$23,974
Benefits paid to participants$700,095
Plan auditUnmodified (clean) audit opinion
AuditorMAY & COMPANY, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$3.8M · 159 accts · $296K emplr
2023$3.2M · 157 accts · $279K emplr
2022$2.7M · 159 accts · $263K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$14,126
Investment management$17,820
Trustee / custodial$860
Total administrative$32,806
The Qchc Management Services 401(k) match · 2024
Employer contribution per active participant$1,048
Median for plans this size$1,313
2024$1,048 per active participant
2023$940 per active participant
2022$890 per active participant

Qchc Management Services'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
PAYCHEX, INC. · Recordkeeping$14,384
SANCTUARY SECURITIES, INC · Investment advisory (participants)$17,820

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

Recordkeeper by year2
2024Paychex
2023Paychex, SANCTUARY SECURITIES, INC

This plan has changed recordkeepers within these filings. If you left Qchc Management Services before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$32,806 · 0.93%
2023$28,265 · 0.96%
2022$22,471 · 0.84%
Same employer
Similar plansHealth Care & Social Assistance · Alabama
Stonecreek Services, LLC AL$4.1M · 1.54%
Psychiatric Staffing, LLC AL$3.5M · 1.25%
Henry County Nursing Home AL$3.5M · 0.08%

Why are you looking at this plan?

Compare

Source: U.S. Department of Labor, Form 5500 series, EIN 814598494 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.