Plan Ledger DOL Form 5500 · updated monthly

Quality Innovation, Inc.401(k)

QII 401(K) PLAN · AUSTIN, TX · plan year 2022

Reported admin expense ratio · 2022
1.66%

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

Quality Innovation, Inc. reported $66,263 in plan administrative expenses for 2022: 1.66% of average plan assets, higher than ~90% of peers. Employer contributions averaged $12,997 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 1.68%. The plan sits in the $1M–$10M size bracket, benchmarked here against 30,021 comparable plans and shown alongside other administrative & support services employers. By assets it is among the smaller plans on file in Texas (4,488th of 5,688), and 1,696th of 2,534 in administrative & support services. In 2022, the employer put in $3.98 for every $1.00 employees contributed themselves.

Plan summary
Net assets, end of year$3,336,118
Participants with balances332
Active participants90
Employer contributions$1,169,731
Employee contributions$293,706
Employer contribution per active participant$12,997
Average account balance$10,049
Benefits paid to participants$1,957,296
Plan auditUnmodified (clean) audit opinion
AuditorATCHLEY & ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$2.9M · 97 accts · $268K emplr
2023$3.3M · 263 accts · $734K emplr
2022$3.3M · 332 accts · $1.2M emplr
Administrative expenses, itemized · 2022
Investment management$66,263
Total administrative$66,263
The Quality Innovation, Inc. 401(k) match · 2022
Employer contribution per active participant$12,997
Median for plans this size$1,114
2024$3,627 per active participant
2023$9,663 per active participant
2022$12,997 per active participant

Quality Innovation, Inc.'s 2022 employer contribution ran above the $1,114 median for plans its size, placing it in the top 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 2022 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Administrative cost history3
2024$52,155 · 1.68%
2023$46,215 · 1.39%
2022$66,263 · 1.66%
Similar plansAdministrative & Support Services · Texas
Sharps Compliance, Inc. TX$3.4M · 0.83%
Swc Group, LP TX$3.4M · 3.02%
Staff Force, Inc. TX$3.3M · 0.32%
Central Texas Refuse, LLC TX$3.1M · 0.23%

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Source: U.S. Department of Labor, Form 5500 series, EIN 542009952 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.