Plan Snapshot
- Plan Sponsor: Quality Facility Solutions Corp.
- Sponsor EIN: 030452799
- Sponsor Address: 199 LEE AVENUE, #297, BROOKLYN, NY, 11211
- Plan Type: DC
- Plan Number: 002
- Total Participants: 299
- Total Assets: $6.3M
Key Plan Design Features
- Auto-Enrollment: No
- Auto-Escalation: No
- Allows Roth Contributions: No
- Participant Loans: No
- Participant-Directed Investments: No
- ERISA Section 404(c) Fiduciary Safe Harbor: Yes
Plan Financials by Year
| Year | Participants | Total Assets | Employer Contrib. | Employee Contrib. |
|---|---|---|---|---|
| 2024 | 299 | $6.3M | $2.8M | $0 |
| 2023 | 332 | $3.6M | $1.2M | $0 |
| 2022 | 86 | $2.1M | $789,136 | $0 |
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 |
|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | Recordkeeper | $50,713 | — | $50,713 |
| LEATHERBACK INVESTMENTS LLC | Investment Advisor | — | $28,359 | $28,359 |
| THE RETIREMENT ADVANTAGE, INC. | Recordkeeper | $10,158 | $2,391 | $12,549 |
| DAVIS & GILBERT LLP | ERISA Attorney | $10,506 | — | $10,506 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $102,127
- Estimated Expense Ratio: 1.611% 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 | $77,843 | — | $77,843 | — | — |
| 2023 | $284,821 | — | — | — | — |
| 2022 | $269,412 | — | — | — | — |