Plan Ledger DOL Form 5500 · updated monthly

Quay Australia401(k)

QUAY AUSTRALIA 401(K) PLAN · SAN FRANCISCO, CA · plan year 2024

Reported admin expense ratio · 2024
2.45%

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

Quay Australia reported $104,264 in plan administrative expenses for 2024: 2.45% of average plan assets, higher than ~90% of peers. Employer contributions averaged $1,628 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 2.02% to 2.45%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other wholesale trade employers. By assets it is among the smaller plans on file in California (7,120th of 9,483), and 3,690th of 4,246 in wholesale trade. In 2024, employees put in $3.71 for every $1.00 the employer contributed; active participation has shrunk from 124 to 108 since 2022.

Plan summary
Net assets, end of year$4,642,285
Participants with balances225
Active participants108
Employer contributions$175,816
Employee contributions$653,127
Employer contribution per active participant$1,628
Average account balance$20,632
Benefits paid to participants$465,095
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$4.6M · 225 accts · $176K emplr
2023$3.9M · 214 accts · $223K emplr
2022$2.9M · 206 accts · $255K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$63,407
Investment management$24,182
Audit (IQPA)$16,675
Total administrative$104,264
The Quay Australia 401(k) match · 2024
Employer contribution per active participant$1,628
Median for plans this size$1,313
2024$1,628 per active participant
2023$1,826 per active participant
2022$2,057 per active participant

Quay Australia's 2024 employer contribution ran above the $1,313 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 · 20245
MERRILL LYNCH PIERCE FENNER & SMITH · Investment advisory (plan)$20,200
QUAY EYEWARE INC · Accounting / audit$8,700
SILICON VALLEY ACCOUNTANCY CORP · Accounting / audit$7,975
EMPOWER ADVISORY GROUP, LLC · Investment management$3,982

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$104,264 · 2.45%
2023$64,584 · 1.90%
2022$58,428 · 2.02%
Same employer
Similar plansWholesale Trade · California
Snyder-Diamond CA$4.8M · 0.09%
R. W. Zant Company CA$4.7M · 0.18%
Custom Produce Sales CA$4.7M · 1.25%
Innovation Specialties CA$4.7M · 1.04%
Zagami, Inc. CA$4.5M · 0.12%
Revchem Composites Inc CA$4.4M · 0.74%

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Source: U.S. Department of Labor, Form 5500 series, EIN 901020612 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.