Plan Ledger DOL Form 5500 · updated monthly

Rqm+401(k)

RQM+ 401(K) PLAN · MONROEVILLE, PA · plan year 2024

Reported admin expense ratio · 2024
0.61%

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

Rqm+ reported $199,068 in plan administrative expenses for 2024: 0.61% of average plan assets, higher than ~75% of peers. Employer contributions averaged $4,324 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 0.92% to 0.61%. 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 the 1,089th-largest of 3,651 plans among Pennsylvania employers on file, and the 3,849th of 11,654 in professional & technical services. In 2024, employees put in $2.71 for every $1.00 the employer contributed; active participation has shrunk from 404 to 275 since 2022.

Plan summary
Net assets, end of year$33,230,568
Participants with balances442
Active participants275
Employer contributions$1,189,171
Employee contributions$3,216,992
Employer contribution per active participant$4,324
Average account balance$75,182
Benefits paid to participants$8,551,930
Plan auditUnmodified (clean) audit opinion
AuditorBDO USA PC
Plan history3
Yearassets · accounts · employer contribution
2024$33.2M · 442 accts · $1.2M emplr
2023$32.5M · 551 accts · $1.8M emplr
2022$26.4M · 546 accts · $1.6M emplr
Administrative expenses, itemized · 2024
Investment management$199,068
Total administrative$199,068
The Rqm+ 401(k) match · 2024
Employer contribution per active participant$4,324
Median for plans this size$2,416
2024$4,324 per active participant
2023$4,301 per active participant
2022$3,989 per active participant

Rqm+'s 2024 employer contribution ran above the $2,416 median for plans its size, placing it in the top quarter of its peers. 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
GLOBAL RETIREMENT PARTNERS, LLC · Investment advisory (plan)$60,651
EMPOWER ADVISORY GROUP, LLC · Investment management$32,166
BDO USA, LLP · Accounting / audit$28,500
METRO BENEFITS, INC. · Contract administrator$10,555

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$199,068 · 0.61%
2023$198,144 · 0.67%
2022$204,495 · 0.92%
Same employer
Similar plansProfessional & Technical Services · Pennsylvania
Delve, LLC PA$34.3M
Smith Micro Software, Inc. PA$33.8M · 0.23%
Listrak Inc. PA$33.6M · 0.46%
Microbac Laboratories, Inc PA$33.1M · 0.34%
ALL4 LLC PA$32.7M · 0.16%
Gray Matter Systems, LLC PA$32.4M · 0.33%

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Source: U.S. Department of Labor, Form 5500 series, EIN 262573999 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.