Plan Ledger DOL Form 5500 · updated monthly

Quality Consulting, Inc.401(k)

QUALITY CONSULTING INC 401K RETIREMENT PLAN · WEST DES MOINES, IA · plan year 2024

Reported admin expense ratio · 2024
0.30%

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

Quality Consulting, Inc. reported $131,277 in plan administrative expenses for 2024: 0.30% of average plan assets, above the peer median. Employer contributions averaged $3,265 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 0.28% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is the 196th-largest of 878 plans among Iowa employers on file, and the 2,807th of 11,654 in professional & technical services. In 2024, employees put in $3.28 for every $1.00 the employer contributed; active participation has grown from 206 to 234 since 2022.

Plan summary
Net assets, end of year$48,980,453
Participants with balances364
Active participants234
Employer contributions$763,932
Employee contributions$2,503,737
Employer contribution per active participant$3,265
Average account balance$134,562
Benefits paid to participants$1,454,465
Plan auditUnmodified (clean) audit opinion
AuditorLAMBERT BLANK, JR, MST, CPA, P.L.C.
Plan history3
Yearassets · accounts · employer contribution
2024$49.0M · 364 accts · $764K emplr
2023$40.0M · 330 accts · $548K emplr
2022$31.9M · 321 accts · $689K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$30,179
Investment management$57,535
Audit (IQPA)$23,100
Total administrative$131,277
The Quality Consulting, Inc. 401(k) match · 2024
Employer contribution per active participant$3,265
Median for plans this size$2,416
2024$3,265 per active participant
2023$2,598 per active participant
2022$3,343 per active participant

Quality Consulting, Inc.'s 2024 employer contribution ran above the $2,416 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 · 20243
ASCENSUS LLC · Loan processing · Recordkeeping$30,179
PRIME CAPITAL INVESTMENT · Investment advisory (plan)$57,535
LAMBERT BLANK, JR., MST, CPA, PLC · Accounting / audit$23,100

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

Recordkeeper by year2
2024Ascensus
2023Ascensus

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

Administrative cost history3
2024$131,277 · 0.30%
2023$95,121 · 0.26%
2022$97,358 · 0.28%
Same employer
Similar plansProfessional & Technical Services · Iowa
Snyder & Associates, Inc. IA$60.0M · 0.20%
Veenstra & Kimm, Inc. IA$57.1M · 0.27%
Rdg Planning & Design, Inc. IA$57.0M · 0.29%
Lightedge Solutions, LLC IA$41.9M · 0.08%
Opn Architects, Inc. IA$40.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 421446986 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.