Plan Ledger DOL Form 5500 · updated monthly

Queensborough Company401(k)

QUEENSBOROUGH COMPANY 401(K) PROFIT SHARING PLAN · LOUISVILLE, GA · plan year 2024

Reported admin expense ratio · 2024
0.04%

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

Queensborough Company reported $14,117 in plan administrative expenses for 2024: 0.04% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,908 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 0.038% to 0.042%. The plan sits in the $10M–$50M size bracket, benchmarked here against 27,838 comparable plans and shown alongside other finance & insurance employers. By assets it is the 610th-largest of 2,160 plans among Georgia employers on file, and the 2,170th of 4,798 in finance & insurance. In 2024, employees put in $1.87 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$35,100,704
Participants with balances371
Active participants322
Employer contributions$936,421
Employee contributions$1,753,044
Employer contribution per active participant$2,908
Average account balance$94,611
Benefits paid to participants$4,324,977
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$35.1M · 371 accts · $936K emplr
2023$32.7M · 374 accts · $879K emplr
2022$26.9M · 359 accts · $862K emplr
The Queensborough Company 401(k) match · 2024
Employer contribution per active participant$2,908
Median for plans this size$2,416
2024$2,908 per active participant
2023$2,739 per active participant
2022$2,720 per active participant

Queensborough Company's 2024 employer contribution ran above 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
ALERUS FINANCIAL, N.A. · Recordkeeping · Trustee$14,116

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

Recordkeeper by year2
2024Alerus
2023Alerus

Looking for an account from a past job here? How to find an old 401(k).

Administrative cost history3
2024$14,117 · 0.04%
2023$12,656 · 0.04%
2022$11,196 · 0.04%
Same employer
Similar plansFinance & Insurance · Georgia
Lge Community Credit Union GA$41.6M · 0.50%
Banksouth GA$36.6M · 0.02%
Blue Trust Inc. GA$36.3M · 0.33%
Colony Bankcorp, Inc. GA$34.3M · 0.50%
Thomasville National Bank GA$33.4M · 0.09%
Morris Bank GA$31.9M

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Source: U.S. Department of Labor, Form 5500 series, EIN 581576765 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.