Plan Ledger DOL Form 5500 · updated monthly

Tqi Solutions, Inc.401(k)

TQI SOLUTIONS, INC. 401(K) PROFIT SHARING PLAN · CHESAPEAKE, VA · plan year 2024

Reported admin expense ratio · 2024
0.05%

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

Tqi Solutions, Inc. reported $4,924 in plan administrative expenses for 2024: 0.05% of average plan assets, lower than ~75% of peers. Employer contributions averaged $2,586 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 0.04% to 0.05%. The plan sits in the $1M–$10M size bracket, benchmarked here against 18,840 comparable plans and shown alongside other public administration employers. By assets it is among the smaller plans on file in Virginia (1,459th of 2,266), and 50th of 90 in public administration. In 2024, employees put in $2.32 for every $1.00 the employer contributed.

Plan summary
Net assets, end of year$10,046,320
Participants with balances156
Active participants177
Employer contributions$457,744
Employee contributions$1,062,055
Employer contribution per active participant$2,586
Average account balance$64,399
Benefits paid to participants$1,601,291
Plan auditUnmodified (clean) audit opinion
Plan history2
Yearassets · accounts · employer contribution
2024$10.0M · 156 accts · $458K emplr
2023$8.7M · 149 accts · $422K emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$4,924
Total administrative$4,924
The Tqi Solutions, Inc. 401(k) match · 2024
Employer contribution per active participant$2,586
Median for plans this size$1,313
2024$2,586 per active participant
2023$2,723 per active participant

Tqi Solutions, Inc.'s 2024 employer contribution ran above the $1,313 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 · 20242
ADP, INC. · Loan processing · Recordkeeping$4,923
ADP BROKER-DEALERindirect comp

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

Recordkeeper by year2
2024ADP
2023ADP

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

Administrative cost history2
2024$4,924 · 0.05%
2023$2,995 · 0.04%
Same employer
Similar plansPublic Administration · Virginia
Valkyrie Enterprises, Inc. VA$87.4M · 0.31%
Quinault Corporate WA$10.6M · 0.90%
Taos Pueblo NM$9.5M · 1.21%

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Source: U.S. Department of Labor, Form 5500 series, EIN 841695243 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.