Retirement plan

QUADAX, INC. 401(K) PROFIT SHARING PLAN

Name: QUADAX, INC. - QUADAX, INC. 401(K) PROFIT SHARING PLAN (2022) 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, QUADAX, INC.

QUADAX, INC.EIN 34-1127026Plan #003PY 2022

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

Prospect flagsLow returnsLow participant contribution

How to read this page

Total assets (EOY)

$34.6M

-18.1% from 2021

Total participants

908

+3.2% from 2021

Average account balance

$45,797

-21.6% from 2021

Annual return

-20.04%

-46.33 pp from 2021

Benchmarks

See 605 peers

Peer group

Industry51 - Information

Plan typeDefined contribution

Participants250-999

Cohort605 peers

Snapshot2022

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

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Service providers

Top 5 by compensation

Provider	Service type	Compensation
NATIONWIDE7+ years Service code 15 ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215	Recordkeeping	$163,667
MOSKAL GROSS ORCHOSKY7+ years Service code 15 24400 CHAGRIN BLVD #310 · BEACHWOOD, OH 44122	Recordkeeping	$55,574
MGO INVESTMENT ADVISORS6 years Service code 26 24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122	Advisory (Participants)	$48,973
MOSKAL GROSS ORCHOSKY6 years Filed as: MOSKAL GROSS ORCHOSKY, Service code 15	Recordkeeping	$9,182
THORNHILL FINANCIAL, INC.3 years Filed as: THORNHILL FINANCIAL LLC Service code 10 18400 PEARL RD · STRONGSVILLE, OH 44136	Accounting	$8,750

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

2 tripped

OpportunityLow participant contribution
Participant contribution per participant is in the bottom quintile of the peer cohort.
OpportunityLow returns
Annual investment return is in the bottom quintile of the peer cohort.

Expense breakdown

Schedule H Part II

Admin total

$119K

$151 / participant

Other / not subdivided$119K100.0%

% of EOY assets

0.344%

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: THORNHILL FINANCIAL LLC
Auditor EIN: 341818419
Audit fees: (not subdivided)
Opinion code: Unqualified

Metric

This plan

Peer set

Industry

Size

Avg account balance

$45,797

$64,612-29.1%

$86,451-47.0%

$64,824-29.4%

Participation rate

80.8%

81.5%-0.7pp

80.3%+0.4pp

71.5%+9.3pp

Annual return

-20.04%

0.66%-20.7pp

4398.51%-4418.5pp

32.84%-52.9pp

Employer contribution / active EE

$1,065

$2,744-61.2%

$3,770-71.7%

$2,507-57.5%

Participant deferral / active EE

$3,736

$7,497-50.2%

$6,953-46.3%

$4,311-13.3%

Admin fee / account holder

$157

$169-6.8%

$6,734-97.7%

$188-16.2%

Provider

Service type

Compensation

NATIONWIDE7+ years

Service code 15

ONE NATIONWIDE PLAZA · COLUMBUS, OH 43215

Recordkeeping

$163,667

MOSKAL GROSS ORCHOSKY7+ years

Service code 15

24400 CHAGRIN BLVD #310 · BEACHWOOD, OH 44122

Recordkeeping

$55,574

MGO INVESTMENT ADVISORS6 years

Service code 26

24400 CHAGRIN BLVD. · BEACHWOOD, OH 44122

Advisory (Participants)

$48,973

MOSKAL GROSS ORCHOSKY6 years

Filed as: MOSKAL GROSS ORCHOSKY,

Service code 15

Recordkeeping

$9,182

THORNHILL FINANCIAL, INC.3 years

Filed as: THORNHILL FINANCIAL LLC

Service code 10

18400 PEARL RD · STRONGSVILLE, OH 44136

Accounting

$8,750

QUADAX, INC. 401(K) PROFIT SHARING PLAN

Summary metrics

Benchmarksi

Analytics

Service providersi

Plan features & details

Opportunity flagsi

Expense breakdowni

Audit opinioni

QUADAX, INC. 401(K) PROFIT SHARING 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