Quality Carriers, Inc. 401(K) Plan — Form 5500 plan (Quality Carriers, Inc.)

Plain-English plan summary

According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Quality Carriers, Inc. 401(K) Plan is a benefit plan reported by Quality Carriers, Inc. under EIN 36-2590063 and plan number 002. The latest loaded filing year is 2023. The filing reports 2,126 participants and $43,096,543 in end-of-year plan assets, where available in the loaded dataset.

Form 5500 plan profile · 2023

Key reported metrics

Net assets (EOY)$43.1MPlan net assets, end of year$43,096,543
Participants2.1KCovered participants reported2,126
Assets / participant$20.3KComputed: assets ÷ participants$20,271 (computed)
Provider compensation$256.9K2 Schedule C provider row(s)$256,889
Plan sponsor
Quality Carriers, Inc.
EIN
36-2590063
Plan number
002
Plan type
2
Location
Tampa, FL
Latest filing year
2023

Form 5500 filing history

Filings loaded for this plan
Filing yearParticipantsSchedulesFiling
20232,126H, C20241015132047NAL0028554641001
Schedule H · 2023

Reported financial statement

Reported figures as filed, in whole dollars. Only fields the filing reports are shown; others are marked not reported.

Reported balance (end of year)$43.1M total assets
Net assets$43.1MLiabilities$0
Money in vs. money out
Total income / additions$15.2M
Total expenses$5.2M
Benefits paid / distributions$5M
Contributions
Employer$2.3M
Participant$5.7M
Full reported line items

Net assets

Total assets (EOY)
$43,096,543
Total liabilities (EOY)
$0
Net assets (EOY)
$43,096,543
Net assets (BOY)
$33,088,310

Income & contributions

Employer contributions
$2,328,822
Participant contributions
$5,667,545
Total contributions
$9,634,051
Total income / additions
$15,188,447

Expenses & distributions

Benefits paid
$4,960,390
Administrative expenses
$218,388
Total expenses
$5,180,214
Net increase / (decrease)
$10,008,233
Computed from reported fields

Reported ratios

Derived only from this plan's own reported figures — comparisons within the filing, not benchmarks, estimates, or national averages.

Contribution share (employer vs. participant)
Employer 29%Participant 71%
Total expenses ÷ net assets12%Computed ratio
Benefits paid ÷ total income33%Computed ratio
Provider comp. ÷ net assets1%Computed ratio

Service provider compensation (Schedule C)

Reported service provider compensation
ProviderServiceDirect comp.Indirect comp.Year
Principal Life Insurance CompanyCONTRACT ADMINISTRATOR$218,388$02023
Kestra Investment Services LLCOTHER SERVICES$0$38,5012023

Related Form 5500 pages