Stratosphere Quality, LLC 401(k) Review & Grade
Stratosphere Quality, LLC 401k Plan
Fishers, INProfessional, Scientific & Technical Services1,354 active participantsPlan year 2024✓ Auto-enroll
Estimate from the plan's Form 5500 filing · How we grade
$526Employer $ per active participant
$1,963Employee $ saved per active participant
1.71%Direct admin cost, % of plan assets
$12.1MNet plan assets, end of year
$8,493Average balance per account
Score breakdown
- Employer generosity7.0 / 5014th percentile for employer $ per participant
- Low cost0.5 / 252th percentile for low admin cost vs. same-size plans
- Employee saving1.5 / 1510th percentile for employee $ per participant
- Plan features10 / 10Auto-enrollment, Default investment
- Red-flag deductions-3 pts1 issue reported on the filing
Total score16 / 100 · Grade F
This plan vs. peers
Peers: Professional, Scientific & Technical Services plans with 500–2,499 active participants (1,469 plans).
| Measure | Percentile |
|---|---|
| Employer $ per participant | 14th |
| Lower admin cost | 2th |
| Employee saving | 10th |
| Peers that auto-enroll | 48% |
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Red flags from the filing
Corrective distributions: the plan refunded $5,027 in contributions, which usually means it failed annual nondiscrimination testing.
What to do if you're in this plan
- Stratosphere Quality put in about $526 per active participant, below the typical peer ($3,082). 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 (1.71% 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.
- 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 | $712,012 |
| Participant (employee) contributions | $2,658,531 |
| Other contributions (incl. rollovers in) | $5,848 |
| Administrative expenses paid from the plan | $190,690 |
| Investment advisory & management fees | $72,256 |
| Benefits paid out | $2,751,373 |
| Net assets, start / end of year | $10.2M / $12.1M |
| Active participants, start / end of year | 1,505 / 1,204 |
| Participants with account balances | 1,425 |
| Auto-enrollment (feature code 2S) | Yes |
| Auditor | Bgbc Partners LLP |
Largest service providers (Schedule C)
| Adp, Inc. | $118,434 reported compensation |
| Global Retirement Partners | $41,339 reported compensation |
| Bgbc Partners LLP | $30,916 reported compensation |
Source: DOL EFAST2 Form 5500 filing, acknowledgment ID 20251014051302NAL0001038819001, received 2025-10-14, EIN 26-4248682, plan #001, plan year 2024-01-01 to 2024-12-31. Verify at efast.dol.gov.