Plan Ledger DOL Form 5500 · updated monthly

Quality King Distributors, Inc.401(k)

QUALITY KING DISTRIBUTORS, INC. 401(K) SAVINGS PLAN · BELLPORT, NY · plan year 2024

Reported admin expense ratio · 2024
0.04%

Quality King Distributors, Inc. reported $9,857 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. 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 0.03% to 0.04%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other wholesale trade employers. By assets it is the 2,057th-largest of 5,648 plans among New York employers on file, and the 1,440th of 4,246 in wholesale trade. active participation has grown from 200 to 237 since 2022.

Plan summary
Net assets, end of year$27,925,588
Participants with balances259
Active participants237
Employer contributions—
Employee contributions$1,504,598
Employer contribution per active participant—
Average account balance$107,821
Benefits paid to participants$2,946,961
Plan auditUnmodified (clean) audit opinion
AuditorCRAIG MORRIS & COMPANY
Plan history3
Yearassets · accounts · employer contribution
2024$27.9M · 259 accts
2023$26.2M · 290 accts
2022$23.8M · 238 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$9,857
Total administrative$9,857
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
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$9,857
LEUMI INVESTMENT SERVICES INC · Other servicesindirect comp
MORNINGSTAR INVESTMENT MANAGEMENT L · Investment advisory (participants)indirect comp

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$9,857 · 0.04%
2023$8,308 · 0.03%
2022$8,130 · 0.03%
Same employer
Similar plansWholesale Trade · New York
One Step Up, LTD NY$28.9M · 0.42%
Vida Shoes International NY$28.7M · 0.56%
Sisley Cosmetics USA NY$27.6M · 0.16%
Jordache Enterprises, Inc. NY$27.1M · 0.07%
Haun Welding Supply, Inc NY$26.4M · 0.36%

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Source: U.S. Department of Labor, Form 5500 series, EIN 111973001 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.