Quest Food Management Services 401(k) Review & Grade
Quest Management 401(k) Plan
Lombard, ILAccommodation & Food Services1,354 active participantsPlan year 2024
Estimate from the plan's Form 5500 filing · How we grade
$147Employer $ per active participant
$922Employee $ saved per active participant
0.52%Direct admin cost, % of plan assets
$7.0MNet plan assets, end of year
–Average balance per account (account count looks misreported)
Score breakdown
- Employer generosity16.3 / 5033th percentile for employer $ per participant
- Low cost5.4 / 2522th percentile for low admin cost vs. same-size plans
- Employee saving8.4 / 1556th percentile for employee $ per participant
- Plan features3 / 10Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score30 / 100 · Grade D
This plan vs. peers
Peers: Accommodation & Food Services plans with 500–2,499 active participants (458 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 33th |
| Lower admin cost | 22th |
| Employee saving | 56th |
| Peers that auto-enroll | 17% |
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Red flags from the filing
Corrective distributions: the plan refunded $15,209 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Quest Food Management Services put in about $147 per active participant, below the typical peer ($266). Any match is still an instant return, so contribute enough to get all of it.
- 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 (0.52% of assets) are well above similar-size plans (0.23%). 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 | $199,171 |
| Participant (employee) contributions | $1,249,210 |
| Other contributions (incl. rollovers in) | $321,596 |
| Administrative expenses paid from the plan | $31,201 |
| Investment advisory & management fees | $17,198 |
| Benefits paid out | $424,148 |
| Net assets, start / end of year | $5.0M / $7.0M |
| Active participants, start / end of year | 1,439 / 1,270 |
| Participants with account balances | 427 |
| Auto-enrollment (feature code 2S) | Not reported |
| Auditor | Sikich CPA LLC |
Largest service providers (Schedule C)
| Forest Capital Management, LLC | $17,198 reported compensation |
| Adp, Inc. | $14,003 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20250929050918NAL0004876835001, received 2025-09-29, EIN 86-3225600, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.