Plan Ledger DOL Form 5500 · updated monthly

Quench USA, Inc401(k)

QUENCH USA, INC. 401(K) PROFIT SHARING PLAN & TRUST · KING OF PRUSSIA, PA · plan year 2023

Reported admin expense ratio · 2023
0.30%

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

Quench USA, Inc reported $100,882 in plan administrative expenses for 2023: 0.30% of average plan assets, above the peer median. Employer contributions averaged $1,380 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 1 year on file its reported administrative ratio rose from 0.28% to 0.30%. The plan sits in the $10M–$50M size bracket, benchmarked here against 26,779 comparable plans and shown alongside other utilities employers. By assets it is the 890th-largest of 3,651 plans among Pennsylvania employers on file, and the 189th of 412 in utilities. In 2023, employees put in $2.89 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$43,502,567
Participants with balances1,251
Active participants1,202
Employer contributions$1,659,008
Employee contributions$4,790,848
Employer contribution per active participant$1,380
Average account balance$34,774
Benefits paid to participants$3,081,259
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$0 · $2.0M emplr
2023$43.5M · 1,251 accts · $1.7M emplr
2022$24.5M · 773 accts · $1.1M emplr
Administrative expenses, itemized · 2023
Recordkeeping & contract admin$100,882
Total administrative$100,882
The Quench USA, Inc 401(k) match · 2023
Employer contribution per active participant$1,380
Median for plans this size$2,440
2023$1,380 per active participant
2022$974 per active participant

Quench USA, Inc's 2023 employer contribution ran below the $2,440 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 2023 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20231
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$106,507

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

Administrative cost history3
2024Not separately reported
2023$100,882 · 0.30%
2022$71,904 · 0.28%
Similar plansUtilities · Pennsylvania
Ppl Services Corporation PA$617.8M · 0.00%
Pjm Interconnection L.L.C. PA$498.1M · 0.02%
Duquesne Light Company PA$210.7M · 0.10%
Pennenergy Resources, LLC PA$27.3M · 0.01%
The York Water Company PA$16.5M · 0.38%

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Source: U.S. Department of Labor, Form 5500 series, EIN 263264642 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.