Plan Ledger DOL Form 5500 · updated monthly

Quality Correctional Care, LLC401(k)

QUALITY CORRECTIONAL CARE, LLC 401(K) PLAN · CARMEL, IN · plan year 2024

Reported admin expense ratio · 2024
1.73%

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

Quality Correctional Care, LLC reported $63,052 in plan administrative expenses for 2024: 1.73% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,240 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 1.73%. 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 Indiana (1,252nd of 1,562), and 8,603rd of 11,911 in health care & social assistance. In 2024, employees put in $1.56 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$3,927,407
Participants with balances166
Active participants282
Employer contributions$349,668
Employee contributions$544,682
Employer contribution per active participant$1,240
Average account balance$23,659
Benefits paid to participants$1,192,463
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$3.9M · 166 accts · $350K emplr
2023$3.4M · 169 accts · $323K emplr
2022$2.5M · 146 accts · $294K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,052
Total administrative$63,052
The Quality Correctional Care, LLC 401(k) match · 2024
Employer contribution per active participant$1,240
Median for plans this size$1,313
2024$1,240 per active participant
2023$1,140 per active participant
2022$1,132 per active participant

Quality Correctional Care, LLC'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.

Administrative cost history3
2024$63,052 · 1.73%
2023$34,564 · 1.17%
2022$40,374 · 1.65%
Same employer
Similar plansHealth Care & Social Assistance · Indiana
Suburban Home Health IN$4.1M · 0.84%
Tradewinds Services, Inc. IN$4.1M · 0.59%
Westminster Village North IN$4.0M · 0.32%

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Source: U.S. Department of Labor, Form 5500 series, EIN 453708550 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.