Retirement plan

QE 401(K) AND PROFIT SHARING PLAN

Name: QUALITY ENTERPRISES USA, INC. - QE 401(K) AND PROFIT SHARING PLAN (2021) Form 5500
Creator: QUALITY ENTERPRISES USA, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QE 401(K) AND PROFIT SHARING PLAN, QUALITY ENTERPRISES USA, INC.

QUALITY ENTERPRISES USA, INC.EIN 54-0947002Plan #001PY 2021

3494 SHEARWATER ST - NAPLES, FL 34117239-435-7200qeusa.comLinkedIn201-500 employeesconstruction

Prospect flagsHigh feesLow employer contribution

How to read this page

Total assets (EOY)

$6.3M

+7.3% from 2020

Total participants

171

0.0% from 2020

Average account balance

$39,995

+11.4% from 2020

Annual return

12.28%

+0.07 pp from 2020

Benchmarks

See 2,982 peers

Peer group

Industry23 - Construction

Plan typeDefined contribution

Participants100-249

Cohort2,982 peers

Snapshot2021

See peer percentile detail. $4.99 for your first month.

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Analytics

Total assets (EOY)

Plan-year ending balance

$11.42M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$35K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

323

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

88.9%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$1.30M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$5K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+15.48%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$275

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
ASCENSUS LLC1 year Service code 15 · EIN 11-3665754	Recordkeeping	$17,935
RESOURCES INVESTMENT ADVISORS LLC1 year Filed as: RESOURCES INVESTMENT ADVISORS. Service code 27 4860 COLLEGE BLVD · OVERLAND PARK, KS 66211	Advisory (Plan)	$14,482
PRONVEST6+ years Service code 51 · EIN 62-1823351	Investment Mgmt Fees	$10,417
NEXTCAPITAL GROUP, INC.1 year Service code 27 104 S. MICHIGAN AVE. · CHICAGO, IL 60603	Advisory (Plan)	$1,893
BB&T6+ years Service code 50 · EIN 56-1368984	Direct Payment	$107

Plan features & details

Pension benefit codes2S2E3D2G2J2K2F2T3F3H

Plan features

2E
Profit-sharing
Profit-sharing plan.
2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
2S
Automatic enrollment
Plan provides for automatic enrollment in plan that has elective contributions deducted from payroll.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.
3F
Leased employees
Plan sponsor(s) received services of leased employees as defined in Code section 414(n) during the plan year.
3H
Controlled group member
Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

2 tripped

OpportunityLow employer contribution
Employer contribution per participant is in the bottom quintile of the peer cohort.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$52K

$345 / participant

Investment mgmt$16K31.7%
Contract admin$18K34.9%
Other / not subdivided$17K33.4%

% of EOY assets

0.823%

all-in expense ratio

Categories reported

2 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

The auditor signed off without reservation. This is the cleanest opinion.

Auditor firm: FORVIS, LLP
Auditor EIN: 440160260
Audit fees: (not subdivided)
Opinion code: Unqualified

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Metric

This plan

Peer set

Industry

Size

Avg account balance

$39,995

$77,660-48.5%

$109,143-63.4%

$79,386-49.6%

Participation rate

90.7%

67.8%+22.9pp

75.9%+14.8pp

70.7%+20.0pp

Annual return

12.28%

23.44%-11.2pp

25.75%-13.5pp

116.85%-104.6pp

Employer contribution / active EE

$623

$2,797-77.7%

$3,722-83.3%

$2,427-74.3%

Participant deferral / active EE

$3,336

$3,518-5.2%

$4,653-28.3%

$4,046-17.5%

Admin fee / account holder

$329

$732-55.0%

$6,752-95.1%

$626-47.5%

Provider

Service type

Compensation

ASCENSUS LLC1 year

Service code 15 · EIN 11-3665754

Recordkeeping

$17,935

RESOURCES INVESTMENT ADVISORS LLC1 year

Filed as: RESOURCES INVESTMENT ADVISORS.

Service code 27

4860 COLLEGE BLVD · OVERLAND PARK, KS 66211

Advisory (Plan)

$14,482

PRONVEST6+ years

Service code 51 · EIN 62-1823351

Investment Mgmt Fees

$10,417

NEXTCAPITAL GROUP, INC.1 year

Service code 27

104 S. MICHIGAN AVE. · CHICAGO, IL 60603

Advisory (Plan)

$1,893

BB&T6+ years

Service code 50 · EIN 56-1368984

Direct Payment

$107

QE 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QE 401(K) AND PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion