Plan Ledger DOL Form 5500 · updated monthly

Quality Plus Services, Inc.401(k)

QUALITY PLUS SERVICES, INC. 401(K) PLAN · PETERSBURG, VA · plan year 2024

Reported admin expense ratio · 2024
1.03%

Quality Plus Services, Inc. reported $65,304 in plan administrative expenses for 2024: 1.03% of average plan assets, higher 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 3 years on file its reported administrative ratio has held roughly steady near 1.03%. 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 Virginia (1,660th of 2,266), and 3,590th of 5,337 in construction. active participation has grown from 380 to 599 since 2022.

Plan summary
Net assets, end of year$7,022,191
Participants with balances540
Active participants599
Employer contributions—
Employee contributions$1,239,797
Employer contribution per active participant—
Average account balance$13,004
Benefits paid to participants$1,258,411
Plan auditUnmodified (clean) audit opinion
AuditorADAMS JENKINS & CHEATHAM
Plan history3
Yearassets · accounts · employer contribution
2024$7.0M · 540 accts
2023$5.7M · 331 accts · $44K emplr
2022$4.9M · 166 accts
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$43,820
Investment management$21,484
Total administrative$65,304
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
JOHN HANCOCK · Recordkeeping · Loan processing$43,820
MMA SECURITIES LLC · Investment advisory (plan)$14,381
QUALITY PLUS SERVICES · Other services$6,781

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

Recordkeeper by year2
2024John Hancock
2023John Hancock

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Administrative cost history3
2024$65,304 · 1.03%
2023$76,468 · 1.44%
2022$57,055 · 1.05%
Same employer
Similar plansConstruction · Virginia
Am-Liner East, Inc. VA$7.9M · 0.80%
B&S Site Development, LLC VA$7.7M · 0.04%
M.E. Flow, Inc. VA$6.8M · 0.10%
Atlas Plumbing, LLC VA$6.7M · 0.06%
S.L. Williamson Co., Inc VA$6.4M · 0.59%

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Source: U.S. Department of Labor, Form 5500 series, EIN 541759242 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.