QCR Holdings, Inc. 401(k) Review & Grade
QCR Holdings, Inc. 401(k) Plan
Moline, ILManagement of Companies1,006 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$3,457Employer $ per active participant
$7,897Employee $ saved per active participant
0.21%Direct admin cost, % of plan assets
$152.1MNet plan assets, end of year
$133,279Average balance per account
Score breakdown
- Employer generosity30.7 / 5061th percentile for employer $ per participant
- Low cost13.2 / 2553th percentile for low admin cost vs. same-size plans
- Employee saving10.4 / 1569th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
Total score64 / 100 · Grade B
This plan vs. peers
Peers: Management of Companies plans with 500–2,499 active participants (172 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 61th |
| Lower admin cost | 53th |
| Employee saving | 69th |
| Peers that auto-enroll | 58% |
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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
- QCR Holdings put in about $3,457 per active participant, more than the typical peer ($2,492). 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 | $3,476,420 |
| Participant (employee) contributions | $7,940,183 |
| Other contributions (incl. rollovers in) | $2,998,318 |
| Administrative expenses paid from the plan | $292,553 |
| Contract administrator fees | $181,482 |
| Other admin expenses | $111,071 |
| Benefits paid out | $11,260,255 |
| Net assets, start / end of year | $128.5M / $152.1M |
| Active participants, start / end of year | 998 / 1,013 |
| Participants with account balances | 1,141 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Caron & Bletzer, PLLC |
| Employer stock held by plan | $15,571,739 |
Largest service providers (Schedule C)
| Principal Life Insurance Company | $181,481 reported compensation |
| Raymond James & Associates Inc | $111,096 reported compensation |
| Morningstar Investment Management L | $0 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251010095200NAL0007896721001, received 2025-10-10, EIN 42-1397595, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.