Quality Facility Solutions retirement plan: assets, participants and fees
What Quality Facility Solutions' retirement plan plan says about matching contributions
Plan features
Match, vesting and enrollment details have not been published from this plan's audit report yet. The figures below come from the structured filing.
| Recordkeeper | Principal Life Insurance Company | Schedule C ↗ |
| Plan type and status | Profit-sharing · Active | Form 5500 ↗ |
How the plan compares
Plan year 2024 medians for 1,446 defined-contribution plans in administrative, support and waste management services with 100 to 499 participants.
| Quality Facility Solutions: employer contribution per participant | $6,860 | |
| Peer median | $1,495 |
| Quality Facility Solutions: average balance | $15,427 | |
| Peer median | $34,563 |
| Quality Facility Solutions: admin expenses ÷ assets | 1.57% | |
| Peer median | 0.51% |
Admin expenses are the plan's reported administrative expenses divided by its assets; they do not include fund expense ratios.
Plan history
Plan assets went from $1.7M at the end of plan year 2021 to $6.3M at the end of plan year 2024.
| Plan year | Participants | Assets | Employer contributions | Per participant | Admin expense ratio | Match formula | Filing |
|---|---|---|---|---|---|---|---|
| 2024 | 438 | $6.3M | $2.8M | $6,860 | 1.57% | Not published | Form 5500 ↗ |
| 2023 | 364 | $3.6M | $1.2M | $5,085 | 2.05% | Not published | 5500-SF ↗ |
| 2022 | 108 | $2.1M | $789K | $9,176 | 1.56% | Not published | 5500-SF ↗ |
| 2021 | 85 | $1.7M | $893K | $12,227 | — | Not published | 5500-SF ↗ |
Common questions
Does Quality Facility Solutions match 401(k) contributions?
The match terms for the Qfs 401(k) Profit Sharing Plan have not been published from its filing yet. The plan year 2024 filing reports $2.8M in employer contributions, about $6,860 per participant. That total includes any match and profit-sharing; it is not a match formula.
When is the Quality Facility Solutions 401(k) match vested?
The vesting schedule for the Qfs 401(k) Profit Sharing Plan is not in the data published so far. Your Summary Plan Description states it.
Who manages the Quality Facility Solutions 401(k)?
The recordkeeper listed on Schedule C of the plan year 2024 filing is Principal Life Insurance Company. The plan administrator is Quality Facility Solutions Corp..
I left Quality Facility Solutions. How do I find my old 401(k)?
Your account stays in the plan until you move it. Contact the plan administrator (Quality Facility Solutions Corp., (718) 935-9923) or the recordkeeper, Principal Life Insurance Company. The Quality Facility Solutions old 401(k) page lists the contacts from every plan filing. Find an old Quality Facility Solutions 401(k)
Data from the public Form 5500 annual reports Quality Facility Solutions filed with the U.S. Department of Labor (plan years 2021 and 2022 and 2023 and 2024) and, where noted, the attached independent auditor's report. Plan terms may have changed since the filing; check your current Summary Plan Description. PlanFacts is not affiliated with Quality Facility Solutions. Not financial advice. Report a correction · Methodology