Retirement plan

QED SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Name: QED SYSTEMS, LLC - QED SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST (2020) Form 5500
Creator: QED SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QED SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST, QED SYSTEMS, LLC

QED SYSTEMS, LLCEIN 20-2914519Plan #001PY 2020

6165 GUARDIAN GATEWAY, SUITE T - ABERDEEN PROVINGGROUND, MD 21005443-360-4500qed-sys.comLinkedIn51-200 employeesdefense & space

Prospect flagsHigh feesLow participationRecently reached 100 employees

How to read this page

Total assets (EOY)

$7.7M

+28.4% from 2019

Total participants

207

+51.1% from 2019

Average account balance

$61,983

-17.2% from 2019

Annual return

19.60%

-3.04 pp from 2019

Benchmarks

See 5,591 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,591 peers

Snapshot2020

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

Analytics

Total assets (EOY)

Plan-year ending balance

$16.55M

Not enough data

1 years with asset history on file

Average account balance

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

$56K

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.

297

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.

80.5%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$3.52M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$12K

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

+17.75%

Not enough data

1 years with return on file

Admin fee / account holder

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

$270

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 2 by compensation

Provider	Service type	Compensation
FOUNDERS FINANCIAL SERVICES1 year Service code 27 1020 CROMWELL BRIDGE BLVD. · BALTIMORE, MD 21286	Advisory (Plan)	$28,969
LT TRUST COMPANY1 year Filed as: LT TRUST Service code 64 1675 BROADWAY · DENVER, CO 80202	Recordkeeping Fees	$8,732

Plan features & details

Pension benefit codes2E2F2G2J2K2T3B3D

Plan features

2E
Profit-sharing
Profit-sharing plan.
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.
2K
Code section 401(m) arrangement
Employee contributions are allocated to separate accounts under the plan or employer contributions are based in whole or in part on employee deferrals or contributions to the plan. Not applicable to 401(k) plans with only QNECs and/or QMACs or to 403(b)(1) 403(b)(7) or 408 arrangements.
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.
3B
Plan covering self-employed individuals
Plan covering self-employed individuals.
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

3 tripped

OpportunityLow participation
Participation rate is below 70% (account-balance holders / active employees) - enrollment or auto-enroll opportunity.
OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)
InformationalRecently reached 100 employees
Sponsor crossed the 100-balance-holder threshold in the most recent filing - large-plan audit requirement now applies.

Expense breakdown

Schedule H Part II

Admin total

$41K

$240 / participant

Other / not subdivided$41K100.0%

% of EOY assets

0.528%

all-in expense ratio

Categories reported

0 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GROSS, MENDELSOHN & ASSOCIATES, P.A
Auditor EIN: 520982413
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$61,983

$99,957-38.0%

$149,730-58.6%

$73,493-15.7%

Participation rate

50.9%

75.7%-24.8pp

82.5%-31.6pp

70.7%-19.8pp

Annual return

19.60%

53.87%-34.3pp

276.70%-257.1pp

28.51%-8.9pp

Employer contribution / active EE

$1,925

$3,191-39.7%

$4,645-58.6%

$2,270-15.2%

Participant deferral / active EE

$5,395

$6,073-11.2%

$6,843-21.2%

$3,740+44.3%

Admin fee / account holder

$327

$551-40.5%

$9,310-96.5%

$513-36.2%

Provider

Service type

Compensation

FOUNDERS FINANCIAL SERVICES1 year

Service code 27

1020 CROMWELL BRIDGE BLVD. · BALTIMORE, MD 21286

Advisory (Plan)

$28,969

LT TRUST COMPANY1 year

Filed as: LT TRUST

Service code 64

1675 BROADWAY · DENVER, CO 80202

Recordkeeping Fees

$8,732

QED SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QED SYSTEMS, LLC 401(K) PROFIT SHARING PLAN AND TRUST

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