Plan Ledger DOL Form 5500 · updated monthly

Quality Packaging Specialists International, LLC401(k)

QUALITY PACKAGING SPECIALISTS INTERNATIONAL, LLC 401(K) SAVINGS PLAN · BURLINGTON, NJ · plan year 2024

Reported admin expense ratio · 2024
0.37%

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

Quality Packaging Specialists International, LLC reported $26,858 in plan administrative expenses for 2024: 0.37% of average plan assets, below the peer median. Employer contributions averaged $397 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 0.33% to 0.37%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other manufacturing employers. By assets it is among the smaller plans on file in New Jersey (1,685th of 2,419), and 9,811th of 13,661 in manufacturing. In 2024, employees put in $1.65 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$7,687,336
Participants with balances118
Active participants503
Employer contributions$199,871
Employee contributions$329,033
Employer contribution per active participant$397
Average account balance$65,147
Benefits paid to participants$536,141
Plan auditUnmodified (clean) audit opinion
AuditorLEAR & PANNEPACKER, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$7.7M · 118 accts · $200K emplr
2023$6.9M · 124 accts · $205K emplr
2022$5.9M · 128 accts · $192K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$22,006
Investment management$4,852
Total administrative$26,858
The Quality Packaging Specialists International, LLC 401(k) match · 2024
Employer contribution per active participant$397
Median for plans this size$1,313
2024$397 per active participant
2023$421 per active participant
2022$416 per active participant

Quality Packaging Specialists International, LLC'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
EMPOWER ADVISORY GROUP, LLC · Investment management$4,852
MML INVESTORS SERVICES LLCindirect 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$26,858 · 0.37%
2023$21,072 · 0.33%
2022$21,660 · 0.33%
Same employer
Similar plansManufacturing · New Jersey
L'Oreal Caribe, Inc. NJ$8.1M · 0.06%
Dicar, Inc. NJ$7.8M · 0.60%
Elements Chromium Inc NJ$7.8M · 0.77%
Premier Glass USA, LLC NJ$7.8M · 0.27%
Paulaur Corporation NJ$7.7M · 0.28%
Phillips Precision, Inc. NJ$7.5M · 0.86%
Rees Scientific LLC NJ$7.4M · 0.04%

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Source: U.S. Department of Labor, Form 5500 series, EIN 205565647 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.