Retirement plan

Q2 HOLDINGS, INC. 401(K) PLAN

Name: Q2 HOLDINGS, INC. - Q2 HOLDINGS, INC. 401(K) PLAN (2024) Form 5500
Creator: Q2 HOLDINGS, INC.
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, Q2 HOLDINGS, INC. 401(K) PLAN, Q2 HOLDINGS, INC.

Q2 HOLDINGS, INC.EIN 20-2706637Plan #001PY 2024

10355 PECAN PARK BLVD - AUSTIN, TX 78729512-685-2026LinkedIn201-500 employees

Prospect flagsCorrective distributions

How to read this page

Total assets (EOY)

$219.2M

+28.0% from 2023

Total participants

2,155

-1.4% from 2023

Average account balance

$103,631

+29.8% from 2023

Annual return

18.07%

-4.81 pp from 2023

Benchmarks

See 950 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants1,000-4,999

Cohort950 peers

Snapshot2024

Free accounts unlock saves, downloads, and 3-year history.

Analytics

Total assets (EOY)

Plan-year ending balance

$219.18M

Not enough data

1 years with asset history on file

Average account balance

Total assets / participants with a balance (line 6g)

$104K

Not enough data

1 years with per-participant data

Participants with account balance

Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.

2,115

Not enough data

1 years with headcount on file

Eligible Participants and Participation

Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.

97.6%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$30.84M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$19K

Not enough data

1 years with per-participant contribution data

Asset flow

BOY + contributions + return - distributions = EOY

Year

Annual return

Diverging bars; negative years highlighted

+18.07%

Not enough data

1 years with return on file

Admin fee / account holder

Total admin expenses / participants with a balance (line 6g)

$118

Not enough data

1 years with admin cost on file

Asset composition

Cash / stocks / bonds / mutual funds / real estate / loans over time

Not enough data

1 years with F_SCH_H allocation on file

Free accounts unlock saves, downloads, and 3-year history.

Service providers

Top 3 by compensation

Provider	Service type	Compensation
FIDELITY INVESTMENTS INSTITUTIONAL10+ years Service code 37 · EIN 04-2647786	Loan Processing	$85,286
STRATEGIC ADVISORS, INC.9 years Service code 27 · EIN 04-2654524	Advisory (Plan)	$85,245
ALLIANCE PENSION CONSULTANTS, LLC5 years Filed as: ALLIANT RETIREMENT SERVICES Service code 27 · EIN 33-0785439	Advisory (Plan)	$80,000

Plan features & details

Pension benefit codes2F2G2J2T3D

Plan features

2F
ERISA section 404(c) plan
This plan or any part of it is intended to meet the conditions of 29 CFR 2550.404c-1 (shifting investment responsibility to participants).
2G
Total participant-directed account plan
Participants have the opportunity to direct the investment of all of the assets allocated to their individual accounts regardless of whether 29 CFR 2550.404c-1 is intended to be met.
2J
Code section 401(k) feature
Cash or deferred arrangement described in Code section 401(k) that is part of a qualified defined contribution plan under which employees may elect to defer part of their compensation or receive these amounts in cash.
2T
Default investment account
Total or partial participant-directed account plan where plan uses a default investment account for participants who fail to direct assets in their account.
3D
Pre-approved pension plan
A master prototype or volume submitter plan that is the subject of a favorable opinion or advisory letter from the IRS.

Opportunity flags

1 tripped

ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$251K

$151 / participant

Recordkeeping$83K33.2%
Investment mgmt$165K66.0%
Contract admin$2K0.8%

% of EOY assets

0.114%

all-in expense ratio

Categories reported

3 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: BAUER&COMPANY
Auditor EIN: 471743368
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$103,631

$122,259-15.2%

$147,041-29.5%

$199,874-48.2%

Participation rate

97.6%

78.3%+19.3pp

82.2%+15.4pp

72.0%+25.6pp

Annual return

18.07%

30.58%-12.5pp

419.21%-401.1pp

34.28%-16.2pp

Employer contribution / active EE

$4,074

$4,097-0.6%

$4,935-17.4%

$3,036+34.2%

Participant deferral / active EE

$14,507

$8,504+70.6%

$8,071+79.7%

$5,090+185.0%

Admin fee / account holder

$118

$179-33.8%

$13,006-99.1%

$269-56.0%

Provider

Service type

Compensation

FIDELITY INVESTMENTS INSTITUTIONAL10+ years

Service code 37 · EIN 04-2647786

Loan Processing

$85,286

STRATEGIC ADVISORS, INC.9 years

Service code 27 · EIN 04-2654524

Advisory (Plan)

$85,245

ALLIANCE PENSION CONSULTANTS, LLC5 years

Filed as: ALLIANT RETIREMENT SERVICES

Service code 27 · EIN 33-0785439

Advisory (Plan)

$80,000

Q2 HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Q2 HOLDINGS, INC. 401(K) PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion

Benchmarks

Service providers

Opportunity flags

Expense breakdown

Audit opinion