Qualawash Holdings, LLC 401(k) Review & Grade
Qualawash Holdings, LLC 401(k) Retirement Plan
Tampa, FLAdministrative, Support & Staffing Services2,546 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$2,147Employer $ per active participant
$3,086Employee $ saved per active participant
0.43%Direct admin cost, % of plan assets
$87.9MNet plan assets, end of year
$28,388Average balance per account
Score breakdown
- Employer generosity42.3 / 5085th percentile for employer $ per participant
- Low cost3.8 / 2515th percentile for low admin cost vs. same-size plans
- Employee saving11.1 / 1574th percentile for employee $ per participant
- Plan features3 / 10Default investment
Total score60 / 100 · Grade B
This plan vs. peers
Peers: Administrative, Support & Staffing Services plans with 2,500–9,999 active participants (125 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 85th |
| Lower admin cost | 15th |
| Employee saving | 74th |
| Peers that auto-enroll | 22% |
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Red flags from the filing
No red flags were reported on this filing's compliance questions.
What to do if you're in this plan
- Qualawash Holdings put in about $2,147 per active participant, more than the typical peer ($342). 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.
- Direct plan expenses (0.43% of assets) are well above similar-size plans (0.12%). Check your annual fee disclosure, choose low-cost index funds if you can, and think about whether savings beyond the match belong in an IRA.
- 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 | $5,466,145 |
| Participant (employee) contributions | $7,855,801 |
| Other contributions (incl. rollovers in) | $567,420 |
| Administrative expenses paid from the plan | $358,027 |
| Contract administrator fees | $320,402 |
| Investment advisory & management fees | $37,625 |
| Benefits paid out | $15,181,714 |
| Net assets, start / end of year | $78.7M / $87.9M |
| Active participants, start / end of year | 2,671 / 2,421 |
| Participants with account balances | 3,096 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Assurance Dimensions |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company | $171,207 reported compensation |
| KB Pension Services Inc | $119,773 reported compensation |
| Merrill Lynch Pierce Fenner & Smith | $55,667 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010110800NAL0012923536001, received 2025-10-10, EIN 27-0683851, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.