Retirement plan

QED SYSTEMS, LLC 401(K) PLAN AND TRUST

Name: QED SYSTEMS, LLC - QED SYSTEMS, LLC 401(K) PLAN AND TRUST (2022) Form 5500
Creator: QED SYSTEMS, LLC
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QED SYSTEMS, LLC 401(K) PLAN AND TRUST, QED SYSTEMS, LLC

QED SYSTEMS, LLCEIN 20-2914519Plan #001PY 2022

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

Prospect flagsNo flags tripped

How to read this page

Total assets (EOY)

$8.4M

-10.8% from 2021

Total participants

243

+7.0% from 2021

Average account balance

$42,300

-35.6% from 2021

Annual return

-10.18%

-29.26 pp from 2021

Benchmarks

See 5,988 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants100-249

Cohort5,988 peers

Snapshot2022

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 5 by compensation

Provider	Service type	Compensation
FOUNDERS FINANCIAL SERVICES3 years Service code 26 · EIN 52-2062849	Advisory (Participants)	$40,072
JOHN HANCOCK LIFE INSURANCE COMPANY1 year Filed as: JOHN HANCOCK Service code 12 · EIN 01-0233346	Recordkeeping fees; Recordkeeping and...	$7,114
LT TRUST COMPANY3 years Filed as: LT TRUST Service code 12 · EIN 61-1607607 5975 S. QUEBEC · CENTENNIAL, CO 80111	Direct payment from the plan; Recordk...	$2,660
EPIC RETIREMENT PLAN SERVICES1 year Filed as: AMERICAN RETIREMENT PLAN SERVICES, Service code 15 · EIN 52-2025778	Recordkeeping	$2,462
DELAWARE VALLEY RETIREMENT, INC.2 years Service code 15 21 CHESTER PIKE · RIDLEY PARK, PA 19078	Recordkeeping	$1,895

Plan features & details

Pension benefit codes2T2J2F2G3D2K

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.
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.
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

0 tripped

No flags tripped for this filing year. This plan looks clean.

Expense breakdown

Schedule H Part II

Admin total

$56K

$285 / participant

Other / not subdivided$56K100.0%

% of EOY assets

0.673%

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: WEYRICH, CRONIN & SORRA, LLC
Auditor EIN: 814643077
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$42,300

$84,482-49.9%

$125,363-66.3%

$66,930-36.8%

Participation rate

77.3%

76.4%+0.9pp

82.4%-5.1pp

69.8%+7.5pp

Annual return

-10.18%

-8.49%-1.7pp

572.15%-582.3pp

1.57%-11.8pp

Employer contribution / active EE

$2,576

$3,553-27.5%

$4,815-46.5%

$2,545+1.2%

Participant deferral / active EE

$6,555

$6,782-3.3%

$7,447-12.0%

$4,238+54.7%

Admin fee / account holder

$285

$685-58.5%

$10,005-97.2%

$593-52.1%

Provider

Service type

Compensation

FOUNDERS FINANCIAL SERVICES3 years

Service code 26 · EIN 52-2062849

Advisory (Participants)

$40,072

JOHN HANCOCK LIFE INSURANCE COMPANY1 year

Filed as: JOHN HANCOCK

Service code 12 · EIN 01-0233346

Recordkeeping fees; Recordkeeping and...

$7,114

LT TRUST COMPANY3 years

Filed as: LT TRUST

Service code 12 · EIN 61-1607607

5975 S. QUEBEC · CENTENNIAL, CO 80111

Direct payment from the plan; Recordk...

$2,660

EPIC RETIREMENT PLAN SERVICES1 year

Filed as: AMERICAN RETIREMENT PLAN SERVICES,

Service code 15 · EIN 52-2025778

Recordkeeping

$2,462

DELAWARE VALLEY RETIREMENT, INC.2 years

Service code 15

21 CHESTER PIKE · RIDLEY PARK, PA 19078

Recordkeeping

$1,895

QED SYSTEMS, LLC 401(K) PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QED SYSTEMS, LLC 401(K) 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