Iqeq US Management Company, LLC 401(k) Review & Grade
Iqeq US Management Co. LLC Retirement Plan
Dallas, TXAdministrative, Support & Staffing Services594 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,717Employer $ per active participant
$11,784Employee $ saved per active participant
0.34%Direct admin cost, % of plan assets
$47.5MNet plan assets, end of year
$61,592Average balance per account
Score breakdown
- Employer generosity46.3 / 5092th percentile for employer $ per participant
- Low cost9.0 / 2536th percentile for low admin cost vs. same-size plans
- Employee saving14.7 / 1598th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 500–2,499 active participants (401 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 36th |
| Employee saving | 98th |
| Peers that auto-enroll | 27% |
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Red flags from the filing
Corrective distributions: the plan refunded $117,819 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Iqeq US Management Company put in about $3,717 per active participant, more than the typical peer ($712). Contribute at least enough to collect the full match. Skipping it leaves part of your pay on the table.
- The filing shows total dollars, not the match formula. Ask HR for the Summary Plan Description so you know the exact match and vesting schedule.
- Fund expense ratios aren't in the filing. Look them up in your 404(a)(5) fee disclosure and favor low-cost index or target-date funds.
- The plan auto-enrolls employees. Check your default contribution rate. Defaults are often lower than what it takes to get the full match.
- Changing jobs? You can usually leave the money in the plan, move it to your new employer's plan, or roll it into an IRA. Don't cash out: you'd owe taxes and possibly a 10% penalty.
The raw numbers from the filing
| Employer contributions | $2,207,784 |
| Participant (employee) contributions | $6,999,654 |
| Other contributions (incl. rollovers in) | $1,803,150 |
| Administrative expenses paid from the plan | $144,616 |
| Investment advisory & management fees | $70,054 |
| Benefits paid out | $5,887,219 |
| Net assets, start / end of year | $36.6M / $47.5M |
| Active participants, start / end of year | 606 / 582 |
| Participants with account balances | 772 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Nisivoccia LLP |
Largest service providers (Schedule C)
| Fidelity Investments Institutional | $74,562 reported compensation |
| Kestra Investment Services LLC | $59,150 reported compensation |
| Strategic Advisors, Inc. | $10,904 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251008121832NAL0013711618001, received 2025-10-08, EIN 87-2324421, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.