Plan Snapshot
- Plan Sponsor: Quality Plus Services, INC.
- Sponsor EIN: 541759242
- Sponsor Address: 2929 QUALITY DR, PETERSBURG, VA, 238059371
- Plan Type: 401(k)
- Total Participants: 599
- Total Assets: $7.0M
Key Plan Design Features
- Auto-Enrollment: No
- 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 | 599 | $7.0M | $0 | $1.2M |
| 2023 | 445 | $5.7M | $43,595 | $677,238 |
| 2022 | 380 | $4.9M | $0 | $527,704 |
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 |
|---|---|---|---|---|
| ADAMS JENKINS & CHEATHAM | Auditor | — | — | $0 |
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 | $65,304 | $21,484 | $43,820 | — | — |
| 2023 | $76,468 | $55,536 | $20,932 | — | — |
| 2022 | $57,055 | $13,135 | $30,020 | — | $13,900 |