Q-Free 401(K) Plan — Form 5500 plan (Q-Free America 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, Q-Free 401(K) Plan is a benefit plan reported by Q-Free America Inc. under EIN 45-4337530 and plan number 001. The latest loaded filing year is 2023. The filing reports 136 participants and $9,102,797 in end-of-year plan assets, where available in the loaded dataset.
Form 5500 plan profile · 2023
Key reported metrics
Net assets (EOY)$9.1MPlan net assets, end of year$9,102,797
Participants136Covered participants reported
Assets / participant$66.9KComputed: assets ÷ participants$66,932 (computed)
Provider compensation$50K2 Schedule C provider row(s)$49,961
- Plan sponsor
- Q-Free America Inc.
- EIN
- 45-4337530
- Plan number
- 001
- Plan type
- 2
- Location
- Chesapeake, VA
- Latest filing year
- 2023
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 136 | H, C | 20240827144210NAL0017808640001 |
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)$9.1M total assets
Net assets$9.1MLiabilities$0
Full reported line items
Net assets
- Total assets (EOY)
- $9,102,797
- Total liabilities (EOY)
- $0
- Net assets (EOY)
- $9,102,797
- Net assets (BOY)
- $7,226,856
Income & contributions
- Employer contributions
- $380,033
- Participant contributions
- $899,407
- Total contributions
- $1,385,366
- Total income / additions
- $2,820,559
Expenses & distributions
- Benefits paid
- $894,657
- Administrative expenses
- $49,961
- Total expenses
- $944,618
- Net increase / (decrease)
- $1,875,941
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.
30%70%
Employer 30%Participant 70%
Total expenses ÷ net assets10%Computed ratio
Benefits paid ÷ total income32%Computed ratio
Provider comp. ÷ net assets1%Computed ratio
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| John Hancock Life Insurance Comp | RECORDKEEPER | $48,359 | $0 | 2023 |
| Wilshire Associates Inc (Usa) | RIA | $1,602 | not reported in the loaded dataset | 2023 |