Plan Snapshot
- Plan Sponsor: Qualus Corp
- Sponsor EIN: 473819128
- Sponsor Address: 100 COLONIAL CENTER PARKWAY SUITE 4, LAKE MARY, FL, 32746
- Plan Type: 401(k)
- Total Participants: 1,461
- Total Assets: $96.1M
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 | 1,461 | $96.1M | $4.1M | $9.4M |
| 2023 | 921 | $73.5M | $3.4M | $7.6M |
| 2022 | 794 | $60.5M | $3.2M | $7.2M |
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 |
|---|---|---|---|---|
| EMPOWER ANNUITY INSURANCE COMPANY O | Recordkeeper | $228,945 | — | $228,945 |
| EMPOWER ADVISORY GROUP, LLC | Investment Advisor | $87,710 | — | $87,710 |
| IFP ADVISORS INC DBA INDEPENDENT FI | Investment Advisor | $80,975 | — | $80,975 |
| CLIFTON LARSON ALLEN | Auditor | $18,743 | — | $18,743 |
Plan Fees & Expenses
Annual service provider fees and administrative expenses sourced from DOL Form 5500 filings.
- Total Service Provider Fees: $416,373
- Estimated Expense Ratio: 0.433% 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 | $416,373 | $168,685 | — | $18,743 | — |
| 2023 | $340,805 | $64,401 | — | $13,529 | — |
| 2022 | $317,725 | $137,597 | $180,128 | — | — |