Retirement plan

QUANTERIX CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Name: QUANTERIX CORPORATION - QUANTERIX CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST (2024) Form 5500
Creator: QUANTERIX CORPORATION
License: https://www.dol.gov/general/disclaim
Keywords: Form 5500, ERISA, retirement plan, QUANTERIX CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST, QUANTERIX CORPORATION

QUANTERIX CORPORATIONEIN 20-8957988Plan #001PY 2024

900 MIDDLESEX TURNPIKE - BILLERICA, MA 01821617-301-9439quanterix.comLinkedIn201-500 employeesbiotechnology

Prospect flagsFailed to transmit contributionsFailed to provide benefitCorrective distributions

How to read this page

Total assets (EOY)

$39.7M

+33.2% from 2023

Total participants

746

+31.3% from 2023

Average account balance

$57,527

-3.7% from 2023

Annual return

26.63%

+1.06 pp from 2023

Benchmarks

See 3,298 peers

Peer group

Industry54 - Professional, Scientific, and Technical Services

Plan typeDefined contribution

Participants250-999

Cohort3,298 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$39.69M

Not enough data

1 years with asset history on file

Average account balance

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

$58K

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.

690

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.

86.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$7.04M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$17K

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

+26.63%

Not enough data

1 years with return on file

Admin fee / account holder

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

$154

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
SAPERS AND WALLACK1 year Filed as: SAPERS & WALLACK Service code 27 · EIN 04-2319659	Advisory (Plan)	$51,500
FIDELITY INVESTMENTS INSTITUTIONAL7 years Service code 37 · EIN 04-2647786	Loan Processing	$50,905

Plan features & details

Pension benefit codes2F2G2J2T2E3D

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.
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

3 tripped

ComplianceFailed to transmit contributions
Form 5500 reported a failure to timely transmit participant contributions (Schedule H line 4a).
ComplianceFailed to provide benefit
Form 5500 reported that benefits due were not provided when due.
ComplianceCorrective distributions
Plan reported corrective distributions (failed ADP/ACP testing).

Expense breakdown

Schedule H Part II

Admin total

$106K

$258 / participant

Recordkeeping$55K51.6%
Other / not subdivided$52K48.4%

% of EOY assets

0.268%

all-in expense ratio

Categories reported

1 / 9

subdivided buckets used

Audit opinion

Schedule H Part III

Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm: GRAY, GRAY, & GRAY, LLP
Auditor EIN: 042088368
Audit fees: $0
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$57,527

$106,230-45.8%

$147,080-60.9%

$77,736-26.0%

Participation rate

86.4%

78.4%+8.0pp

82.2%+4.2pp

70.6%+15.8pp

Annual return

26.63%

56.91%-30.3pp

420.17%-393.5pp

31.26%-4.6pp

Employer contribution / active EE

$5,598

$4,072+37.5%

$4,933+13.5%

$2,728+105.2%

Participant deferral / active EE

$11,486

$8,001+43.6%

$8,066+42.4%

$4,651+147.0%

Admin fee / account holder

$154

$338-54.4%

$12,989-98.8%

$433-64.4%

Provider

Service type

Compensation

SAPERS AND WALLACK1 year

Filed as: SAPERS & WALLACK

Service code 27 · EIN 04-2319659

Advisory (Plan)

$51,500

FIDELITY INVESTMENTS INSTITUTIONAL7 years

Service code 37 · EIN 04-2647786

Loan Processing

$50,905

QUANTERIX CORPORATION 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUANTERIX CORPORATION 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