Plan Snapshot
- Plan Sponsor: Quick Release INC
- Sponsor EIN: 352607583
- Sponsor Address: 7457 FRANKLIN ROAD, BLOOMFIELD, MI, 48301
- Plan Type: 401(k)
- Total Participants: 57
- Total Assets: $1.9M
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 | 57 | $1.9M | $186,144 | $330,123 |
| 2023 | 120 | $1.5M | $181,641 | $344,533 |
| 2022 | 97 | $804,216 | $150,484 | $260,132 |
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 |
|---|---|---|---|---|
| RETIREMENT PLAN AUDIT SERVICES | Auditor | — | — | $0 |
Verified Provider Profiles
Direct links to verified profiles of matched retirement plan providers on PlanProvider.Pro:
- RETIREMENT PLAN AUDIT SERVICES — 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 | $8,384 | $7,103 | — | — | — |
| 2023 | — | — | — | — | — |
| 2022 | — | — | — | — | — |