Description of Services
We are a registered investment adviser primarily based in Takoma Park, Maryland. Since 2002, we
have provided investment advisory services as a sole proprietorship; in 2014, we reorganized as a
single member limited liability company under the laws of Maryland. Mark Ivcevich is the sole
owner/managing member of the firm. Currently, we offer the following investment advisory services,
which are personalized to each individual client:
•Pension Consulting Services
•Portfolio Management Services
The following paragraphs describe our services. Please refer to the description of each investment
advisory service listed below for information on how we tailor our advisory services to your individual
needs. As used in this brochure, the words "we," "our," and "us" refer to QP Consulting, LLC
(hereinafter "QP Consulting") and the words "you," "your," and "client" refer to you as either a client or
prospective client of our firm.
Pension Consulting Services
We provide corporations with a broad range of services regarding retirement plans. We serve as either
an ERISA 3(21) Investment Advisor or an ERISA 3(38) Investment Manager for our corporate
retirement plan clients. If you choose to implement any of our recommendations you may do so entirely
at your discretion unless you have engaged us as an ERISA 3(38) Investment Manager. In general,
these services include any one or all of the following:
1. Develop Retirement Plan Specifications – In order for you to evaluate the various retirement
plan providers uniformly, we assist in determining your specific needs.
2. Comprehensive Marketplace Search – We will search the marketplace and provide
quotations from leading retirement plan vendors that are compatible with your needs.
3. Recommendations – We will make recommendations regarding vendor selection based upon
study results and your goals and objectives.
4. Plan Management – We will act as an intermediary between you and the plan vendor to
ensure that the relationship is maximized and your retirement plan is operating at its optimal
level. Where we are assisting you in converting from one vendor to another, we will help
manage the conversion to lessen the burden on your internal resources.
5. Investment Policy Statement – We assist you in the formation and/or continued maintenance
of your investment policy statement to help ensure that the plan's investment selections are
appropriate based on current market conditions. Additionally, we will evaluate the investment
selection to optimize the offerings made to plan participants.
6. Implementation – When a vendor is selected by you as record keeper or administrator for your
retirement plan's assets, we will assist you in the implementation process.
7. Plan Review – A plan review is a comprehensive exam of all major components of your
retirement plan in order to identify strengths and weaknesses. The review can cover such areas
as overall plan structure, costs, compliance, and investment perspectives.
8. Ongoing Consulting – We will also provide annual investment reviews, which compare the
current investment options to those with the investment peer groups. Moreover, we will apply
our proprietary analysis to our existing investment selections and provide recommendations as
to whether the plan should add investments to, or remove investments from, the available
selections.
9. Communication & Education - We will help you coordinate and deliver meaningful information
regarding the retirement plan to its administrators and participants.
10.Asset Allocation Modeling – As part of our services, we will offer to provide asset allocation
4
models to the plan's participants if the record keeper has the capability to offer model portfolios.
Portfolio Management Services
We offer discretionary and non-discretionary portfolio management services. Our investment advice is
tailored to meet your needs and investment objectives. If you retain our firm for portfolio management
services, we will meet with you to determine your investment objectives, risk tolerance, and other
relevant information
at the beginning of our advisory relationship. We will use the information we
gather to develop a strategy that enables our firm to give you continuous and focused investment
advice and/or to make investments on your behalf. As part of our portfolio management services, we
may customize an investment portfolio for you in accordance with your risk tolerance and investing
objectives. We may also invest your assets according to one or more model portfolios developed by
our firm. Once we construct an investment portfolio for you, or select a model portfolio, we will monitor
your portfolio's performance on an ongoing basis, and will rebalance the portfolio as required by
changes in market conditions and in your financial circumstances.
If you participate in our discretionary portfolio management services, we require you to grant our firm
discretionary authority to manage your account. Discretionary authorization will allow our firm to
determine the specific securities, and the amount of securities, to be purchased or sold for your
account without your approval prior to each transaction. Discretionary authority is typically granted by
the portfolio management agreement you sign with our firm, a power of attorney, or trading
authorization forms. You may limit our discretionary authority (for example, limiting the types of
securities that can be purchased for your account) by providing our firm with your restrictions and
guidelines in writing. If you enter into non-discretionary arrangements with our firm, we must obtain
your approval prior to executing any transactions on behalf of your account.
Types of Investments
We primarily offer advice on mutual funds, exchange traded funds, collective investment trusts and
regarding sub accounts of group annuities that are used in a pension plan.
Additionally, we may advise you on any type of investment that we deem appropriate based on your
stated goals and objectives. We may also provide advice on any type of investment held in your
portfolio at the inception of our advisory relationship.
You may request that we refrain from investing in particular securities or certain types of securities.
You must provide these restrictions to our firm in writing.
IRA Rollover Recommendations
Effective December 20, 2021 (or such later date as the US Department of Labor ("DOL") Field
Assistance Bulletin 2018-02 ceases to be in effect), for purposes of complying with the DOL's
Prohibited Transaction Exemption 2020-02 ("PTE 2020-02") where applicable, we are providing the
following acknowledgment to you. When we provide investment advice to you regarding your
retirement plan account or individual retirement account, we are fiduciaries within the meaning of Title I
of the Employee Retirement Income Security Act and/or the Internal Revenue Code, as applicable,
which are laws governing retirement accounts. The way we make money creates some conflicts with
your interests, so we operate under a special rule that requires us to act in your best interest and not
put our interest ahead of yours. Under this special rule's provisions, we must:
•Meet a professional standard of care when making investment recommendations (give prudent
advice);
•Never put our financial interests ahead of yours when making recommendations (give loyal
advice);
•Avoid misleading statements about conflicts of interest, fees, and investments;
5
•Follow policies and procedures designed to ensure that we give advice that is in your best
interest;
•Charge no more than is reasonable for our services; and
•Give you basic information about conflicts of interest.
We benefit financially from the rollover of your assets from a retirement account to an account that we
manage or provide investment advice, because the assets increase our assets under management
and, in turn, our advisory fees. As a fiduciary, we only recommend a rollover when we believe it is in
your best interest.
Assets Under Management
As of December 30, 2022, we manage $49,519,856 in client assets on a discretionary basis and
$325,264,898 in client assets on a non-discretionary basis.