Plan Ledger DOL Form 5500 · updated monthly

Quality Enterprises USA, Inc.401(k)

QE 401(K) AND PROFIT SHARING PLAN · NAPLES, FL · plan year 2024

Reported admin expense ratio · 2024
0.90%

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

Quality Enterprises USA, Inc. reported $75,516 in plan administrative expenses for 2024: 0.90% of average plan assets, higher than ~75% of peers. Employer contributions averaged $644 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 0.81% to 0.90%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other construction employers. By assets it is among the smaller plans on file in Florida (1,885th of 3,644), and 3,231st of 5,337 in construction. In 2024, employees put in $5.33 for every $1.00 the employer contributed; active participation has grown from 172 to 262 since 2022.

Plan summary
Net assets, end of year$9,104,793
Participants with balances289
Active participants262
Employer contributions$168,795
Employee contributions$900,464
Employer contribution per active participant$644
Average account balance$31,504
Benefits paid to participants$517,352
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$9.1M · 289 accts · $169K emplr
2023$7.6M · 248 accts · $151K emplr
2022$5.5M · 208 accts · $116K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$42,029
Investment management$18,589
Total administrative$75,516
The Quality Enterprises USA, Inc. 401(k) match · 2024
Employer contribution per active participant$644
Median for plans this size$1,313
2024$644 per active participant
2023$710 per active participant
2022$674 per active participant

Quality Enterprises USA, Inc.'s 2024 employer contribution ran below the $1,313 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 · 20243
FIDELITY WORKPLACE SERVICES LLC · Plan administrator · Trustee (discretionary)$42,029
ONEDIGITAL INVESTMENT ADVISORS LLC · Investment advisory (plan)$17,989
FORVIS MAZARS, LLP · Accounting / audit$14,900

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

Administrative cost history3
2024$75,516 · 0.90%
2023$61,351 · 0.93%
2022$47,589 · 0.81%
Same employer
Similar plansConstruction · Florida
Meisner Electric, Inc. FL$9.4M · 0.41%
Dynafire, LLC FL$9.2M · 0.80%

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Source: U.S. Department of Labor, Form 5500 series, EIN 540947002 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.