Retirement plan

QUADAX, INC. 401(K) PROFIT SHARING PLAN AND TRUST

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

QUADAX, INC.EIN 34-1127026Plan #003PY 2024

25201 CHAGRIN BLVD, #290 - BEACHWOOD, OH 441225633216-765-1144quadax.comLinkedIn501-1000 employeeshospital & health care

Prospect flagsHigh fees

How to read this page

Total assets (EOY)

$48.8M

+29.2% from 2023

Total participants

861

-8.2% from 2023

Average account balance

$65,884

+35.5% from 2023

Annual return

29.44%

+20.80 pp from 2023

Benchmarks

See 611 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort611 peers

Snapshot2024

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

Analytics

Total assets (EOY)

Plan-year ending balance

$48.75M

Not enough data

1 years with asset history on file

Average account balance

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

$66K

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.

740

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.

81.4%

Not enough data

1 years with eligibility data

Contributions (total)

Employer and participant dollars contributed each year

$4.09M

Not enough data

1 years with contributions on file

Contributions per participant

Average employer and participant contribution per enrolled participant

$6K

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

+29.44%

Not enough data

1 years with return on file

Admin fee / account holder

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

$559

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
MGO INVESTMENT ADVISORS8 years Service code 26 24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122	Advisory (Participants)	$0
MOSKAL GROSS ORCHOSKY9+ years Service code 15 24400 CHAGRIN BLVD #310 · BEACHWOOD, OH 44122	Recordkeeping	$0
MOSKAL GROSS ORCHOSKY8 years Filed as: MOSKAL GROSS ORCHOSKY, Service code 15	Recordkeeping	$0
NATIONWIDE9+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$0
SIKICH LLP1 year Filed as: SIKICH LLC Service code 10 18400 PEARL RD · STRONGSVILLE, OH 44136	Accounting	$0

Plan features & details

Pension benefit codes2E2F2G2J2K2T

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.

Opportunity flags

1 tripped

OpportunityHigh fees
Administrative expenses exceed $300 per participant per year - possible fee-review opportunity. (Recordkeeping / audit / legal; excludes investment management.)

Expense breakdown

Schedule H Part II

Admin total

$414K

$637 / participant

Other / not subdivided$414K100.0%

% of EOY assets

0.849%

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: SIKICH CPA LLC
Auditor EIN: 541172176
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$65,884

$90,064-26.8%

$100,415-34.4%

$77,762-15.3%

Participation rate

81.4%

81.3%+0.1pp

81.5%-0.1pp

70.6%+10.8pp

Annual return

29.44%

20.61%+8.8pp

49.47%-20.0pp

31.27%-1.8pp

Employer contribution / active EE

$1,465

$3,043-51.9%

$3,943-62.8%

$2,728-46.3%

Participant deferral / active EE

$4,820

$8,282-41.8%

$8,091-40.4%

$4,651+3.6%

Admin fee / account holder

$559

$172+225.1%

$7,906-92.9%

$433+29.2%

Provider

Service type

Compensation

MGO INVESTMENT ADVISORS8 years

Service code 26

24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122

Advisory (Participants)

MOSKAL GROSS ORCHOSKY9+ years

Service code 15

24400 CHAGRIN BLVD #310 · BEACHWOOD, OH 44122

Recordkeeping

MOSKAL GROSS ORCHOSKY8 years

Filed as: MOSKAL GROSS ORCHOSKY,

Service code 15

Recordkeeping

NATIONWIDE9+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

SIKICH LLP1 year

Filed as: SIKICH LLC

Service code 10

18400 PEARL RD · STRONGSVILLE, OH 44136

Accounting

QUADAX, INC. 401(K) PROFIT SHARING PLAN AND TRUST

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUADAX, INC. 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