Plan Snapshot
- Plan Sponsor: First Quality Enterprises INC.
- Sponsor EIN: 232744573
- Sponsor Address: 80 CUTTERMILL ROAD, GREAT NECK, NY, 11021
- Plan Type: 401(k)
- Total Participants: 4,530
- Total Assets: $466.0M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: Yes
- Participant Loans: No
- Participant-Directed Investments: Yes
- ERISA Section 404(c) Fiduciary Safe Harbor: No
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 4,530 | $466.0M | $13.7M | $27.8M |
| 2023 | 4,180 | $404.3M | $12.3M | $25.7M |
| 2022 | 4,139 | $356.6M | $10.2M | $24.0M |
Service Providers (Schedule C)
Vendors paid $5,000 or more for services to the plan, ranked by total compensation (direct + indirect fees).
| Provider Name | Role | Direct Compensation | Indirect Compensation | Total Fees |
|---|---|---|---|---|
| SCHWAB RETIREMENT PLAN SERVICES,INC | NONE | $250,088 | — | $250,088 |
| CAPFINANCIAL PARTNERS LLC | NONE | $82,500 | — | $82,500 |
| MACIAS GINI AND OCONNELL LLP | NONE | $12,075 | — | $12,075 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $344,663
- Estimated Expense Ratio: 0.074% of plan assets
Historical Administrative Expenses
Breakdown of administrative expense categories reported on Form 5500 filings.
| Year | Total Admin Expenses | Investment Mgmt Fees | Contract Admin Fees | IQPA Audit Fees | Professional Fees |
|---|---|---|---|---|---|
| 2024 | $350,378 | $82,500 | $1,715 | $16,075 | — |
| 2023 | $406,367 | $55,000 | $340,792 | — | — |
| 2022 | $392,430 | $124,963 | $235,967 | — | $31,500 |