Plan Ledger DOL Form 5500 · updated monthly

Quality Management Resources,Inc401(k)

QUALITY MANAGEMENT RESOURCES I 401K PROFIT SHARING PLAN & TRUST · LAFAYETTE, LA · plan year 2023

Reported admin expense ratio · 2023
1.29%

Quality Management Resources,Inc reported $37,865 in plan administrative expenses for 2023: 1.29% of average plan assets, higher than ~90% 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 fell from 0.78% to 0.63%. The plan sits in the $1M–$10M size bracket, benchmarked here against 22,307 comparable plans and shown alongside other health care & social assistance employers. By assets it is among the smaller plans on file in Louisiana (696th of 884), and 9,145th of 11,911 in health care & social assistance.

Plan summary
Net assets, end of year$3,153,894
Participants with balances106
Active participants83
Employer contributions—
Employee contributions$224,671
Employer contribution per active participant—
Average account balance$29,754
Benefits paid to participants$118,342
Plan auditUnmodified (clean) audit opinion
AuditorTHIBODAUX HEBERT DESHOTELS LEBLA
Plan history3
Yearassets · accounts · employer contribution
2024$3.1M · 106 accts
2023$3.2M · 106 accts
2022$2.7M · 104 accts
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$19,865
Investment management$18,000
Total administrative$37,865
What these fees cost you

Annual cost at the plan's reported 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20233
ADP, INC. · Loan processing · Recordkeeping$19,865
THIBODAUX HEBERT DESHOTELS LEBLANC, · Recordkeeping · Pension consulting$18,000
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP, THIBODAUX HEBERT DESHOTELS LEBLANC,

This plan has changed recordkeepers within these filings. If you left Quality Management Resources,Inc before a switch, your account may sit at the earlier firm or in a rollover IRA. Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$19,588 · 0.63%
2023$37,865 · 1.29%
2022$25,563 · 0.78%
Similar plansHealth Care & Social Assistance · Louisiana
Terrebonne Arc LA$3.6M · 0.90%
Christwood LA$3.3M · 0.20%
Medcentris LA$3.1M · 0.16%
Complete Home Health Inc. LA$3.1M · 0.06%
Bam Management Group, LLC LA$3.0M · 0.61%

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Source: U.S. Department of Labor, Form 5500 series, EIN 721257322 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.