Plan Ledger DOL Form 5500 · updated monthly

Quality Electrodynamics, LLC401(k)

QUALITY ELECTRODYNAMICS, LLC 401K RETIREMENT PLAN · MAYFIELD VILLAGE, OH · plan year 2024

Reported admin expense ratio · 2024
0.52%

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

Quality Electrodynamics, LLC reported $72,824 in plan administrative expenses for 2024: 0.52% of average plan assets, higher than ~75% of peers. Employer contributions averaged $1,473 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 0.35% to 0.52%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other manufacturing employers. By assets it is the 1,620th-largest of 3,295 plans among Ohio employers on file, and 7,171st of 13,661 in manufacturing. In 2024, employees put in $5.14 for every $1.00 the employer contributed; active participation has shrunk from 155 to 136 since 2022.

Plan summary
Net assets, end of year$14,732,452
Participants with balances159
Active participants136
Employer contributions$200,335
Employee contributions$1,029,239
Employer contribution per active participant$1,473
Average account balance$92,657
Benefits paid to participants$1,915,932
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$14.7M · 159 accts · $200K emplr
2023$13.5M · 181 accts · $212K emplr
2022$11.0M · 172 accts · $228K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$69,919
Investment management$2,905
Total administrative$72,824
The Quality Electrodynamics, LLC 401(k) match · 2024
Employer contribution per active participant$1,473
Median for plans this size$2,416
2024$1,473 per active participant
2023$1,516 per active participant
2022$1,470 per active participant

Quality Electrodynamics, LLC's 2024 employer contribution ran below 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 · 20241
JOHN HANCOCK LIFE INS CO · Recordkeeping$4,295

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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

Administrative cost history3
2024$72,824 · 0.52%
2023$65,172 · 0.53%
2022$41,584 · 0.35%
Same employer
Similar plansManufacturing · Ohio
Sentrilock, LLC OH$14.8M · 0.49%
Kalida Manufacturing Inc. OH$14.8M · 0.15%
A & P Technology, Inc. OH$14.8M · 0.14%
Ssp Fittings Corp. OH$14.6M · 0.42%
Axium Packaging, LLC OH$14.6M · 0.30%
Carton Service Csi, LLC OH$14.6M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 113751366 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.