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Original filing (PDF)20251015124015NAL0002422275001
QSOURCE
Form 5500
FILING_RECEIVED
QSOURCE 403(B) PLAN
403(b) retirement plan
Active participants
70
Accounts w/ balance
96
Plan assets (EOY)
$11.8M
Net assets (EOY)
$11.8M
How this plan invests
This plan
27 securities
funds · stocks · CUSIPs
Holdings are itemized directly on this plan's Schedule of Assets, below.
Plan health score (directional)
91
/ 100
Grade A
Top-tier plan health
Directional indicator computed from public Form 5500 data — compliance, concentration, cost, vendor stack and participation. Not a fiduciary tool.
Compliance & disclosures
100
Concentration risk
100
Total plan cost
65
Vendor stack
100
Participation health
100
Knocking points off
- 46 bps in Schedule C fees — 58% above peer band of 29 bps.
Decision-maker contacts
CFO / Head of HR / Benefits Manager — verified email + LinkedIn for QSOURCE.
Plan sponsor
Name
QSOURCE
EIN
62-0924699
Address
8245 TOURNAMENT DR STE 201 · MEMPHIS, TN · 381251761
Phone
(800) 528-2655
Industry
Professional & Technical Servicessee all
Plan administrator
Same as plan sponsor.
Plan characteristics
Plan number
002
Plan year
2024
Plan year begin
2024-01-01
Tax period
2024-12-31
Filed
2025-10-15
Pension benefit codes
2F · ERISA section 404(c)
2G · Total participant-directed accounts
2L · 403(b)(1) annuity
2M · 403(b)(7) custodial accounts
2T · Default investment account (QDIA)
3D · Pre-approved plan (master / prototype / VS)
Audit & trust (Schedule H)
Auditor
FORVIS MAZARS, LLP
Trustee / custodian
—
Trustee phone
—
Service providers (Schedule C)
3 rowsAdvisor / Consultant
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| GALLAGHER FIDUCIARY ADVISORS, LLC | 36-4291971 | — | INVESTMENT ADVISORY | $0 | — |
TPA / Administrator
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| PRINCIPAL LIFE INSURANCE COMPANY | 42-0127290 | — | CONTRACT ADMINISTRATOR | $54K | — |
Other
1| Name | EIN | Location | Relation | Direct comp | Indirect comp |
|---|---|---|---|---|---|
| MORNINGSTAR INVESTMENT MANAGEMENT L | 36-4317381 | — | INV ADV, PARTICIPANTS | $0 | — |
Investments
27 direct securities· $11.8M(100% of reported assets)
Uncategorized
$9.8M
26 holdings
Mutual Funds
$2.0M
1 holding
| PI | Investment | Type | Shares / units | Cost | Current value | % of plan |
|---|---|---|---|---|---|---|
| s * Principal Trust LifeTime Hybrid 2040 Inst Fund | Mutual Funds | — | — | $2.0M | 17.1% | |
| Principal Trust LifeTime Hybrid 2030 Inst Fund | — | — | — | $1.9M | 16.1% | |
| Principal Trust LargeCap Growth I Inst Fund | — | — | — | $1.2M | 10.1% | |
| Principal Trust LifeTime Hybrid 2050 Inst Fund | — | — | — | $1.1M | 9.5% | |
| Principal Trust LifeTime Hybrid 2015 Inst Fund 45 * Principal Trust LifeTime Hybrid 2070 Inst Fund 34 * Principal Trust LifeTime Hybrid Incom Fund 33 Investment Contract with Insurance Company * Principal Life Insurance Company Fixed Income Guaranteed Option Fund | — | — | — | $894K | 7.6% | |
| Principal Trust LifeTime Hybrid 2020 Inst Fund | — | — | — | $892K | 7.5% | |
| Fidelity Investments Fidelity 500 Index Fund | — | — | — | $775K | 6.5% | |
| Fidelity Investments Fidelity Advisor Total Bond Z Fund | — | — | — | $531K | 4.5% | |
| Fidelity Investments Fidelity LC Gr Index Fund | — | — | — | $444K | 3.7% | |
| Janus International Holding, LLC Enterprise Return Fund | — | — | — | $232K | 2.0% | |
| Principal Trust MidCap S&P 400 Index Inst Fund | — | — | — | $230K | 1.9% | |
| Janus International Holding, LLC Triton Return Fund | — | — | — | $219K | 1.8% | |
| Columbia Funds Divident Income I3 Fund | — | — | — | $209K | 1.8% | |
| Principal Trust LifeTime Hybrid 2060 Inst Fund | — | — | — | $190K | 1.6% | |
| JPMorgan Emerging Markets Equity Fund | — | — | — | $178K | 1.5% | |
| Principal Trust SmallCap Growth I Inst Fund | — | — | — | $160K | 1.4% | |
| Principal Trust Diversified International Inst Fund | — | — | — | $130K | 1.1% | |
| Principal Trust SmallCap S&P 600 Index Inst Fund | — | — | — | $82K | 0.7% | |
| Principal Trust LifeTime Hybrid 2045 Inst Fund | — | — | — | $77K | 0.7% | |
| Principal Trust LifeTime Hybrid 2035 Inst Fund | — | — | — | $74K | 0.6% | |
| Principal Trust MidCap Value I Inst Fund | — | — | — | $69K | 0.6% | |
| Principal Trust LifeTime Hybrid 2055 Inst Fund | — | — | — | $68K | 0.6% | |
| The American Funds EuroPacific Growth R6 Fund | — | — | — | $55K | 0.5% | |
| (E) | — | — | $55K | $36K | 0.3% | |
| Franklin Templeton Investments Small Cap Value R6 Fund | — | — | — | $36K | 0.3% | |
| Principal Trust LifeTime Hybrid 2065 Inst Fund | — | — | — | $17K | 0.1% | |
| Principal Trust LifeTime Hybrid 2025 Inst Fund | — | — | — | $4K | <0.1% |
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