Plan Ledger DOL Form 5500 · updated monthly

Qsac, Inc.403(b)

QSAC, INC. 403(B) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.18%

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

Qsac, Inc. reported $59,278 in plan administrative expenses for 2024: 0.18% of average plan assets, below the peer median. Employer contributions averaged $819 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 0.18%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other other services employers. By assets it is the 1,766th-largest of 5,648 plans among New York employers on file, and the 626th of 3,341 in other services. In 2024, employees put in $1.18 for every $1.00 the employer contributed; active participation has grown from 1,434 to 1,586 since 2022.

Plan summary
Net assets, end of year$34,681,028
Participants with balances438
Active participants1,586
Employer contributions$1,299,176
Employee contributions$1,526,564
Employer contribution per active participant$819
Average account balance$79,180
Benefits paid to participants$1,482,611
Plan auditUnmodified (clean) audit opinion
AuditorKP LYNCH CPA PC
Plan history3
Yearassets · accounts · employer contribution
2024$34.7M · 438 accts · $1.3M emplr
2023$29.9M · 431 accts · $1.1M emplr
2022$24.8M · 430 accts · $1.0M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$44,697
Trustee / custodial$12,196
Total administrative$59,278
Employer contributions to the Qsac, Inc. plan · 2024
Employer contribution per active participant$819
Median for plans this size$2,416
2024$819 per active participant
2023$748 per active participant
2022$699 per active participant

Qsac, 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
SENTINEL BENEFITS & FINANCIAL GROUP · Recordkeeping$44,697
CHARLES SCHWAB TRUST COMPANY · Custodial (securities)$14,581

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

Recordkeeper by year2
2024Sentinel Group
2023Sentinel Group

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$59,278 · 0.18%
2023$44,614 · 0.16%
2022$42,966 · 0.19%
Same employer
Similar plansOther Services · New York
Seneca Nation of Indians NY$37.3M · 0.08%
Persistent Systems LLC NY$34.4M · 0.19%
T. & G. Industries, Inc. NY$33.5M · 0.34%
Lifetime Assistance, Inc. NY$33.4M · 0.42%

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Source: U.S. Department of Labor, Form 5500 series, EIN 112482974 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.