Quinn Group, Inc. 401(k) Review & Grade
Quinn Group, Inc. Retirement Plan
City of Industry, CAWholesale Trade1,524 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$5,931Employer $ per active participant
$6,897Employee $ saved per active participant
0.30%Direct admin cost, % of plan assets
$235.7MNet plan assets, end of year
$113,067Average balance per account
Score breakdown
- Employer generosity45.8 / 5092th percentile for employer $ per participant
- Low cost10.1 / 2540th percentile for low admin cost vs. same-size plans
- Employee saving11.7 / 1578th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score75 / 100 · Grade A
This plan vs. peers
Peers: Wholesale Trade plans with 500–2,499 active participants (603 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 92th |
| Lower admin cost | 40th |
| Employee saving | 78th |
| Peers that auto-enroll | 53% |
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Red flags from the filing
Corrective distributions: the plan refunded $465 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Quinn Group put in about $5,931 per active participant, more than the typical peer ($1,792). 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 | $9,039,068 |
| Participant (employee) contributions | $10,510,458 |
| Other contributions (incl. rollovers in) | $1,187,242 |
| Administrative expenses paid from the plan | $672,425 |
| Investment advisory & management fees | $540,620 |
| Benefits paid out | $19,145,022 |
| Net assets, start / end of year | $212.0M / $235.7M |
| Active participants, start / end of year | 1,587 / 1,461 |
| Participants with account balances | 2,085 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Hutchinson and Bloodgood LLP |
Largest service providers (Schedule C)
| Schwab Retirement Plan Services,inc | $578,971 reported compensation |
| Canterbury Consulting Inc | $77,888 reported compensation |
| Hutchinson and Bloodgood LLP | $15,865 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251009153900NAL0006820129002, received 2025-10-09, EIN 94-2167334, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.