# Quick Release INC 401(k) Plan
Source: https://planprovider.pro/companies/quick-release-inc-401k-plan

> Quick Release INC's 401(k) plan: 57 participants, plan year 2024 financials, providers, and benchmarks from Form 5500.

Form 5500 filing data for plan year 2024.

## 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](https://planprovider.pro/provider/retirement-plan-audit-services-llc) — 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|—|—|—|—|—|

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