Plan Snapshot
- Plan Sponsor: Quality Equipment, LLC
- Sponsor EIN: 831687901
- Sponsor Address: 2214 NORTH MAIN STREET, FUQUAY-VARINA, NC, 27526
- Plan Type: 401(k)
- Total Participants: 645
- Total Assets: $39.4M
Key Plan Design Features
- Auto-Enrollment: Yes
- Auto-Escalation: No
- Allows Roth Contributions: No
- 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 | 645 | $39.4M | $1.1M | $2.6M |
| 2023 | 688 | $33.9M | $1.1M | $2.5M |
| 2022 | 665 | $25.6M | $791,387 | $1.9M |
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 |
|---|---|---|---|---|
| PBMARES, LLP | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- PBMARES, LLP — Auditor
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $0
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 | $124,113 | — | $121,013 | — | — |
| 2023 | $106,441 | — | $103,291 | — | — |
| 2022 | $96,924 | — | — | — | — |