Plan Ledger DOL Form 5500 · updated monthly

Quartet Health, Inc.401(k)

QUARTET HEALTH 401(K) PLAN · NEW YORK, NY · plan year 2024

Reported admin expense ratio · 2024
0.02%

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

Quartet Health, Inc. reported $2,746 in plan administrative expenses for 2024: 0.02% of average plan assets, lower than ~75% of peers. Employer contributions averaged $1,439 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 fell from 0.04% to 0.02%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other professional & technical services employers. By assets it is among the smaller plans on file in New York (3,132nd of 5,648), and 6,927th of 11,654 in professional & technical services. In 2024, employees put in $7.43 for every $1.00 the employer contributed; active participation has shrunk from 202 to 114 since 2022.

Plan summary
Net assets, end of year$13,608,095
Participants with balances436
Active participants114
Employer contributions$164,086
Employee contributions$1,218,540
Employer contribution per active participant$1,439
Average account balance$31,211
Benefits paid to participants$1,304,622
Plan auditUnmodified (clean) audit opinion
AuditorBORIS BENIC AND ASSOCIATES, LLP
Plan history3
Yearassets · accounts · employer contribution
2024$13.6M · 436 accts · $164K emplr
2023$11.3M · 449 accts · $213K emplr
2022$9.2M · 505 accts · $262K emplr
Administrative expenses, itemized · 2024
Investment management$2,746
Total administrative$2,746
The Quartet Health, Inc. 401(k) match · 2024
Employer contribution per active participant$1,439
Median for plans this size$2,416
2024$1,439 per active participant
2023$1,840 per active participant
2022$1,297 per active participant

Quartet Health, Inc.'s 2024 employer contribution ran below the $2,416 median for plans its size. 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 · 20241
THE VANGUARD GROUP, INC. · Custodial (securities)$6,271

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$2,746 · 0.02%
2023$15,611 · 0.15%
2022$3,974 · 0.04%
Same employer
Similar plansProfessional & Technical Services · New York
Simutech Group, Inc. NY$13.7M · 0.39%
Hurwitz Fine P.C. NY$13.7M · 0.39%
Persado, Inc. NY$13.6M · 0.14%
Anatomy IT , LLC NY$13.4M · 0.44%
Support.com, Inc. NY$13.3M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 472181850 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.