Qbe Holdings, Inc. 401(k) Review & Grade
Qbe 401(k) Savings Plan
Sun Prairie, WIFinance & Insurance2,607 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$9,429Employer $ per active participant
$11,095Employee $ saved per active participant
0.03%Direct admin cost, % of plan assets
$792.0MNet plan assets, end of year
$179,595Average balance per account
Score breakdown
- Employer generosity43.2 / 5086th percentile for employer $ per participant
- Low cost22.1 / 2588th percentile for low admin cost vs. same-size plans
- Employee saving11.5 / 1577th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score77 / 100 · Grade A
This plan vs. peers
Peers: Finance & Insurance plans with 2,500–9,999 active participants (199 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 86th |
| Lower admin cost | 88th |
| Employee saving | 77th |
| Peers that auto-enroll | 66% |
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Red flags from the filing
Corrective distributions: the plan refunded $907 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Qbe Holdings put in about $9,429 per active participant, more than the typical peer ($4,489). 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.
- 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 | $24,582,627 |
| Participant (employee) contributions | $28,923,472 |
| Other contributions (incl. rollovers in) | $7,595,644 |
| Administrative expenses paid from the plan | $251,056 |
| Contract administrator fees | $45,400 |
| Investment advisory & management fees | $30,000 |
| Other admin expenses | $280 |
| Benefits paid out | $96,240,439 |
| Net assets, start / end of year | $730.5M / $792.0M |
| Active participants, start / end of year | 2,695 / 2,519 |
| Participants with account balances | 4,410 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Cliftonlarsonallen LLP |
Largest service providers (Schedule C)
| Empower Annuity Insurance Company O | $195,495 reported compensation |
| Sageview Advisory Group LLC | $30,000 reported compensation |
| Cliftonlarsonallen LLP | $24,860 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014140512NAL0003109713001, received 2025-10-14, EIN 52-1147383, plan #002, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.