Plan Snapshot
- Plan Sponsor: Quali Tech, LLC
- Sponsor EIN: 410912923
- Sponsor Address: 318 LAKE HAZELTINE DRIVE, CHASKA, MN, 553181034
- Plan Type: 401(k)
- Total Participants: 118
- Total Assets: $10.8M
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: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 118 | $10.8M | $326,210 | $870,113 |
| 2023 | 101 | $12.4M | $403,914 | $1.1M |
| 2022 | 150 | $15.8M | $370,014 | $1.0M |
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 |
|---|---|---|---|---|
| ONEAMERICA RETIREMENT SERVICES LLC | NONE | $30,703 | — | $30,703 |
| BOMBERG HANSON & ASSOCIATES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- BOMBERG HANSON & ASSOCIATES — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $30,703
- Estimated Expense Ratio: 0.284% 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 | $34,265 | $3,562 | — | — | — |
| 2023 | $49,522 | $6,368 | — | — | — |
| 2022 | $63,765 | $8,535 | — | — | $55,230 |